Getty Images has filed for bankruptcy, advancing its earlier-revealed restructuring plan with the goal of going private.

As reported by Reuters, the photo agency filed for Chapter 11 bankruptcy protection on Wednesday, October 21, in the Delaware bankruptcy court. Getty Images listed both estimated assets and liabilities assets and ​liabilities in the range of $1 billion ​to $10 ⁠billion. The company says affiliates of the Getty family and Koch Equity ​Development committed to providing up to $533 million in new equity and will own 100% of the stock photography company after the restructuring. Getty Images says that financing from Koch Equity ​Development of up to $143 million will support the restructuring process.

The visual content provider expects to finish the process before the year ends. Getty says contributors, partners, customers, employees, and vendors will not be affected.

Getty Images is a Seattle-based visual media company that supplies stock images, editorial photography, video, and music for businesses and consumers. Its library holds more than 477 million assets. In January 2025, Getty Images and Shutterstock announced a merger deal. However, this year, Getty officially abandoned the plan after the UK's Competition and Markets Authority (CMA) completed its investigation. Reportedly, the merger collapsed because of debts and increasing competition from AI content.

Subscribe to our Newsletter, join our 80 Level Talent platform, Discord, and follow us on Twitter, LinkedIn, Telegram, and Instagram, where we share breakdowns, the latest news, awesome artworks, and more.

Are you a fan of what we do here at 80 Level? Then make sure to set us as a Preferred Source on Google to see more of our content in your feed.