Getty Images Rises 118% After OpenAI Licensing Deal for ChatGPT
SSTK•Shares of Getty Images jumped 118% to $1.32 after it agreed to license its image library to OpenAI for ChatGPT search and discovery features. The stock had fallen about 55% this year and is awaiting approval for its $3.7 billion Shutterstock takeover.
1. Deal Terms and Scope
Getty Images announced it will license its entire image library to OpenAI for integration into ChatGPT’s search and discovery features. The companies did not disclose financial terms or clarify if Getty’s assets will train future AI models.
2. Stock Surge Reaction
Following the announcement, Getty’s shares surged as much as 145% intraday and were trading up 118% at $1.32, marking the strongest session since July 2022. The rally comes after a 55% year-to-date decline driven by concerns over AI-driven content substitution.
3. Acquisition Awaiting Approval
Getty is still awaiting regulatory clearance for its proposed $3.7 billion acquisition of rival Shutterstock. Approval would consolidate two leading stock-photo platforms and could reshape licensing dynamics in the AI era.
4. Strategic AI Positioning
The partnership shifts Getty from resisting AI to positioning itself as a licensed content supplier for AI-native platforms, aiming to convert substitution risk into recurring licensing revenue and improve long-term monetization optics.
