Shutterstock's Response to the CMA's Interim Report
In a recent announcement dated February 19, 2026, Shutterstock, a leading entity in creative and generative AI solutions, shared its perspective on the provisional decision by the UK's Competition and Markets Authority (CMA) concerning its proposed merger with Getty Images. This statement marks a significant moment for both companies as they navigate the complex landscape of regulatory approvals and market dynamics.
Positive Developments in Stock Content Market
Shutterstock's statement highlights its satisfaction with the CMA's preliminary assessment, particularly regarding the broader global stock content market. The CMA's finding suggested that the merger between Shutterstock and Getty Images is not likely to generate any substantial competition issues in this arena. This positive feedback is critical for Shutterstock as it indicates an essential step forward in legitimizing the merger.
Disagreements Over UK Editorial Market
However, not all news was agreeable. Shutterstock expressed its disappointment with the CMA's provisional conclusion relating to the UK Editorial market. The CMA indicated that the merger might lead to a 'substantial lessening of competition' in this specific market. Shutterstock firmly contests this assertion, arguing that it does not accurately reflect the diversity of the UK market, nor does it take into account the level of competitive options available to customers in the region. They believe that the CMA's evaluation requires a more encompassing analysis of regional dynamics and the competitive landscape.
Commitment to Ongoing Engagement
Despite the challenges posed by the CMA's findings, Shutterstock remains dedicated to constructive engagement with the regulatory body. The company has stated its intention to formally respond to the CMA's interim report in alignment with the timeline provided by the authority. This ongoing dialogue underscores Shutterstock's commitment to cooperating fully to address and clarify the concerns raised by the CMA.
As regulatory processes continue, Shutterstock also mentioned its collaborative approach with the U.S. Department of Justice, which is concurrently reviewing the merger. The company's proactive engagement in both the UK and the U.S. speaks volumes about its desire to ensure a transparent and compliant merger process.
About Shutterstock
Founded on the principle of transforming ideas into impactful experiences, Shutterstock leverages a vast network of creators and cutting-edge technology to deliver an extensive portfolio of high-quality, licensable assets. This collection not only caters to businesses but also empowers creative professionals and brand leaders to enhance their output. Shutterstock stands as a formidable player in the content creation realm, offering a diverse range of solutions, including data insights, exclusive editorial content, and full-service production capabilities.
The company's approach is designed to fuel extraordinary work across various creative fields, asserting its place as a pivotal resource in the industry.
Future Outlook
As the merger process evolves, Shutterstock's commitment to addressing concerns while fostering market competition remains vital. The company is poised to navigate the complexities ahead while keeping its stakeholders informed. More than just a merger, this endeavor is a reflection of Shutterstock's vision of a connected and creative future. The digital landscape is ever-changing, and Shutterstock's journey will undoubtedly impact visual media and creativity in the years to come.
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