Getty Images formalized its restructuring plans and filed for chapter 11 bankruptcy Wednesday, going private after the collapse of its merger with Shutterstock.

Koch Equity Development and Getty family members committed to invest $533 million in equity in Getty Images to facilitate the company going private and filing for bankruptcy.

A prepackaged Chapter 11 plan would reduce Getty Images’ debt and leave key figures in full control after a $533 million investment.

The photography giant provides travel, celebrity, and other stock images for most major media.

Getty Images on Wednesday filed for Chapter 11 bankruptcy protections as part of a restructuring plan to take the flailing stock photo provider private. It listed assets of $1 billion to $10 billion, ...

Getty Images Holdings, Inc. (“Getty Images”) (OTC Pink: GETYQ) the preeminent source of authentic visual content and coverage ...

Getty Images' stock has dropped significantly, making it more attractive for long-term investors at current levels, despite recent earnings misses. The company's strong position in the visual content ...

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Shares of visual content marketplace Getty Images (NYSE:GETY) jumped 78.3% in the afternoon session after the company announced a multi-year partnership with OpenAI to integrate its licensed image ...