盖蒂图片周三在特拉华州申请第11章破产保护。盖蒂家族和科赫股权开发公司将投入最多5.33亿美元并拥有整家公司，预计将在年底前完成该程序。此次申请是在与Shutterstock的合并失败以及AI生成图片竞争加剧之后提出的。
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.
据CNBC报道，盖蒂图片周三在特拉华州申请第11章破产保护。此举是削减债务并将这家图片代理机构私有化计划的一部分。
Getty Images filed for Chapter 11 bankruptcy in Delaware on Wednesday, CNBC reported. The move is part of a plan to cut its debt and take the photo agency private.
盖蒂表示，盖蒂家族的关联实体和科赫股权开发公司将投入最多5.33亿美元的新股权。一旦程序结束，他们将拥有整家公司，盖蒂预计将在年底前完成。
Affiliates of the Getty family and Koch Equity Development will put in up to $533M in new equity, Getty said. They will own the whole company once the process ends, which Getty expects by the end of the year.
这并非盖蒂首次成为私营公司。盖蒂家族曾于2012年与凯雷集团联手，以33亿美元将其收购私有化，该机构直到2022年才通过SPAC合并重返股市。
It will not be Getty’s first spell as a private company. The Getty family joined Carlyle in a $3.3B buyout in 2012, and the agency only returned to the stock market through a SPAC merger in 2022.
公司警告，持有盖蒂公开股份的股东预计将一无所获。该股目前以几美分的价格交易，并可能被纽约证券交易所除牌。
People who own Getty’s public shares are set to get nothing, the company warned. The stock now trades for pennies, and could be dropped from the New York Stock Exchange.
根据该计划（最早于10月12日宣布），债券持有人同意核销2.7亿美元债务。其他借款人同意降低利率并给予盖蒂更多还款时间。科赫还将提供最多1.43亿美元的资金支持其度过难关。
Under the plan, first announced on 12 October, bond holders agreed to write off $270M of debt. Other lenders agreed to cut interest rates and give Getty more time to pay. Koch will also provide up to $143M in funding to see it through.
盖蒂首席执行官Craig Peters表示：“今天的申请是实施先前宣布的财务重组的一个程序性步骤。”
“Today’s filing is a procedural step to implement the financial restructuring previously announced,” said Craig Peters, Getty’s chief executive.
盖蒂表示，其业务将照常运行，摄影师、客户和员工不会受到影响。法庭文件显示，其资产和负债均在10亿至100亿美元之间。
Getty said its business will run as normal, and photographers, customers and staff will not be affected. Court papers list both its assets and its liabilities at between $1B and $10B.
这一年很艰难。7月，盖蒂取消了与Shutterstock的合并，该交易价值37亿美元，此前英国监管机构要求Shutterstock出售其新闻图片业务。第二季度销售额下降2%至2.291亿美元，AI图像工具增加了压力。
It has been a hard year. In July, Getty scrapped its Shutterstock merger, a $3.7B deal, after a UK regulator told Shutterstock to sell its news photo business. Sales fell 2% to $229.1M in the second quarter, as AI image tools add to the pressure.
盖蒂图片转而试图让 AI 为其内容付费。6 月，该公司与 OpenAI 达成协议，允许在 ChatGPT 中展示获得授权的盖蒂图片照片，随后其股价大涨。盖蒂图片还起诉了 Stability AI，指控后者使用了其数百万张照片来训练图像模型。
Getty has tried to make AI pay instead. In June, its shares jumped after it signed with OpenAI to show licensed Getty photos in ChatGPT. It has also sued Stability AI, saying millions of its photos were used to train its image model.