Getty Images plans to retain its Seattle headquarters and avoid layoffs as it pursues a prearranged Chapter 11 restructuring to reduce debt and go private. The Getty family and Koch Equity Development commit up to $533 million to own the company together, while bondholders agree to retire $270 million in unsecured debt and ease repayment terms. The restructuring follows a failed Shutterstock merger and comes as Getty faces competition from AI-generated images and smartphone photography.
Getty Images says it has secured support from major creditors and investors for a restructuring agreement that will take the company private. The Getty family and Koch Equity have committed to invest up to $533 million to own 100% of the company, while the restructuring is intended to cut debt.
Oct 2026 · ReutersNews article
Koch Equity Development
Operating Status: Operating
Koch Industries' subsidiary specializing in investments and acquisitions.