Getty Images to go private under ‘prepackaged’ bankruptcy

AFP

12 Oct, 2026 07:10 PM2 mins to read

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Getty Images will file for bankruptcy in a move to go private and manage debt.

US photography company Getty Images says it has reached an agreement with major lenders to restructure its debt, take the company private and undertake a “pre-packaged” bankruptcy.

Getty, which partners with multiple media companies, said members of the Getty Family and affiliates of Koch Equity Development would invest up
to US$533 million ($954.4m) of new equity to pay down debt under a restructuring.

Getty said it has “reached agreement with all of its major financial stakeholder groups on the terms of a comprehensive restructuring”.

Getty will continue to operate normally throughout the process, citing up to US$143 million ($256m) in financing from Koch, as well as cash from ongoing business.

The company’s statement said: “There is no anticipated impact on content contributors, partners, customers, or employees across the Company’s worldwide network.”