Shutterstock Issues Statement on CMA's Interim Report

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Shutterstock, a provider of creative and GenAI solutions, has issued a statement regarding the UK Competition and Markets Authority's (CMA) provisional decision on Shutterstock's proposed merger with Getty Images. While Shutterstock is pleased with the CMA's finding that the merger is not expected to result in competition issues in the global Stock content market, the company disagrees with the CMA's provisional finding that the merger may result in a 'substantial lessening of competition' in the UK Editorial market. Shutterstock plans to continue engaging with the CMA and expects to file a response to the CMA's interim report.

Why it matters

The proposed merger between Shutterstock and Getty Images, two major players in the creative content industry, has been under scrutiny by regulators. The CMA's provisional findings could have significant implications for the future of the merged entity and the competitive landscape in the UK market.

The details

Shutterstock has expressed disappointment and disagreement with the CMA's provisional finding that the merger may result in a 'substantial lessening of competition' in the UK Editorial market. The company believes the CMA's analysis and interim conclusions do not accurately reflect the composition of the UK market, the level of regional competition, or the alternatives available to customers.

• Shutterstock issued the statement on February 19, 2026.
• The CMA's provisional decision was made prior to Shutterstock's statement.

What’s next

Shutterstock will continue to engage constructively with the CMA and expects to file its response to the CMA's interim report in line with the CMA's timeline. The company also continues to work cooperatively with the U.S. Department of Justice as its review of the proposed merger progresses.