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Getty Images files for bankruptcy, pushes ahead with plan to go private

Getty Images filed for Chapter 11 bankruptcy in Delaware on Wednesday. The Getty family and Koch Equity Development will put in up to $533M and own the whole company, which expects to finish the process by year-end. The filing follows a failed Shutterstock merger and growing competition from AI images. Getty Images filed for Chapter […] This story continues at The Next Web

Published Oct 21, 2026 · 5:00 PMOriginal source: The Next Web1 reads
Getty Images files for bankruptcy, pushes ahead with plan to go private
Getty Images filed for Chapter 11 bankruptcy in Delaware on Wednesday. The Getty family and Koch Equity Development will put in up to $533M and own the whole company, which expects to finish the process by year-end. The filing follows a failed Shutterstock merger and growing competition from AI images. Getty Images filed for Chapter […] This story continues at The Next Web
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A New Mexico judge has ordered Meta to pay a $25B civil penalty for misleading Facebook users about privacy and hate speech, Bloomberg reported. A jury found more than 43 million violations of state law in September. The state wanted up to $40B, and Meta plans to appeal. A New Mexico judge has ordered Meta […] This story continues at The Next Web

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New York’s first microdrama film festival searches for its audience

Actors Taye Diggs, Autumn Federici, Gary Entin, Troy Brookins, Edmund Entin and Eric Guilmette attend the world premiere of Microhouse Films and Lifetime's Reunion Island during the ALZA Festival. | Getty Images for Lifetime. It remains to be seen if people really want to watch vertical content on horizontal TV screens, but many filmmakers and creators were confident that their latest projects would play well at Alza - New York City's first microdrama film festival. Founded by former Tribeca Festival chief operating officer Pete Torres, Alza, which took place October 16th through 18th, was billed as a showcase for the "the creativity, innovation, and growing cultural impact of stories made for the vertical screen." The festival featured a selection of microdrama and film premieres as well as industry-focused panels with executives who all seemed to genuinely beli … Read the full story at The Verge.

Original sourceThe Verge