Getty expects licensing and contributor payments to continue as it seeks court approval for a restructuring. The case comes as AI puts pressure on generic stock imagery and verified coverage remains valuable to newsrooms.

Florida National News | Nov. 9, 2026

Getty Images is asking a federal bankruptcy court to approve a restructuring that would cut its debt and take the company private while it continues licensing photographs and video. For Florida photographers and videographers who sell work through Getty, the immediate question is whether royalties and assignment payments keep arriving on schedule. The longer-term question is which images and footage buyers will still pay to license as generative artificial intelligence makes some stock visuals easier to produce.

Getty Images Holdings Inc. and six subsidiaries filed for Chapter 11 protection Oct. 21 in Delaware. The company entered the case with support from major financial stakeholders and says it expects to continue serving customers and paying contributors in the ordinary course. The court is scheduled to hear several initial motions Nov. 17 and consider confirmation of the restructuring plan Dec. 15. Getty Images Chapter 11 filing and financing disclosure · Bankruptcy docket and Nov. 17 hearing notice · BankruptcyData on the Dec. 15 confirmation hearing

What drove Getty into bankruptcy?

The proposed plan includes up to $533 million in equity commitments from Getty family and Koch Equity Development affiliates. That amount includes financing and conversion of some existing debt into equity. The plan would cancel existing shares and put the reorganized company under the ownership of those investors. Getty Images restructuring agreement

Getty reported $2.1 billion in debt at the end of June. Its second-quarter results also showed $110.9 million in payments related to a warrant litigation judgment and interest, as well as higher interest costs tied in part to financing for the proposed Shutterstock acquisition. Getty abandoned that deal in July after Britain’s competition regulator conditioned clearance on the sale of Shutterstock’s editorial business. Getty Images second-quarter results · U.K. Competition and Markets Authority on the abandoned merger

Getty’s results show why the bankruptcy matters differently across the industry. Second-quarter creative revenue fell 2.6% from a year earlier to $127.4 million, while editorial revenue rose 9.2% to $96.5 million. The company did not quantify how much of the creative decline was attributable to AI. Getty Images second-quarter results

What Florida contributors should watch

Getty says it expects to maintain normal operations through the restructuring. For freelancers, the next royalty statement and deposit will give them a more direct view of whether the process is affecting their income. A contributor who licenses archive photos, a freelance crew that invoices for assignments and a production company that supplies footage may each have different payment terms. Getty Images restructuring announcement

Contributors can reconcile deposits against statements and keep copies of agreements, invoices and notices. An overdue balance or a notice naming a specific contract warrants a closer look at the applicable court documents and deadlines. After the case, the terms that could affect earnings include royalty rates, exclusivity, subscription payouts and how a distributor packages photos and video.

An AI-generated illustration for Florida National News’ coverage of Getty Images’ Chapter 11 restructuring and competition from generative AI.

Which Florida assignments are most exposed to AI?

Generic office scenes, beach-themed backgrounds and short lifestyle clips face more direct competition from generative tools. A buyer who needs a mood or setting can generate several options without scheduling a shoot. A buyer who needs footage of a specific launch from Florida’s Space Coast, storm damage in a particular neighborhood or a decisive play at a Tampa Bay Buccaneers game still needs a verifiable record of that event.

Florida’s news, sports and entertainment calendar gives local crews opportunities to supply that record. A videographer covering a major convention in Orlando might have an interview or clean footage that a national outlet missed. A photographer covering a local election might have the only usable image of a concession speech. For archive sales, accurate dates, locations, names and captions help buyers find the material and establish what it shows. Event credentials, assignment agreements and existing licenses can limit which uses a contributor can offer.

Getty is also selling generative AI tools. The company says its image generator is trained on licensed creative content and proprietary data and that licenses carry indemnification under the applicable agreement. That gives Getty a way to sell generated visuals to commercial buyers while continuing to license photographs and footage of real events. Getty Images generative AI terms and training FAQ

Where AP and Reuters fit

The Associated Press and Reuters overlap most directly with Getty in editorial coverage. Both can serve publishers that want additional sources of news photographs and video. Reuters Connect also offers live video and individual picture licensing. AP says its standards prohibit the use of generative AI to create, alter or enhance news photography. Associated Press AI standards · Reuters Connect licensing

AP and Reuters could gain business if publishers add a second supplier or Getty changes its prices, packages or service. Getty’s plan also leaves open a different outcome. If the company emerges with less debt and can invest more in editorial coverage, the two agencies could face a stronger competitor.

What comes next

The December hearing will determine whether Getty can move forward with the proposed plan, subject to the court’s ruling and remaining conditions. Getty has said it expects to complete the restructuring by year-end. For Florida contributors, the near-term measures are whether payments arrive, assignments continue and licensing terms change. The longer-term test is whether distributors and newsrooms will pay enough for distinctive, verified Florida coverage to sustain the people who produce it. Getty Images restructuring announcement · BankruptcyData on the Dec. 15 confirmation hearing

NEW ORLEANS (FNN) — NASA will roll out the largest section of its Space Launch System rocket on Monday, April 20, marking a major milestone for the Artemis III mission.

The section, representing the top four-fifths of the SLS core stage, is being moved from NASA’s Michoud Assembly Facility in New Orleans. It includes the liquid hydrogen tank, liquid oxygen tank, intertank and forward skirt. The structure will be loaded onto NASA’s Pegasus barge for transport to Kennedy Space Center in Florida.

CORE STAGE DELIVERY AND INTEGRATION

Once the core stage arrives at Kennedy Space Center, teams will complete final outfitting and vertical integration. The hardware will then be transferred to NASA’s Exploration Ground Systems Program for stacking and launch preparation.

The Artemis III engine section and boat-tail, which protects the engines during launch, were previously moved to the Vehicle Assembly Building in July 2025. The four RS-25 engines are scheduled to arrive from Stennis Space Center in Mississippi no later than July 2026 for integration.

POWERING THE ARTEMIS III MISSION

Equipped with four RS-25 engines, the SLS core stage will generate more than 2 million pounds of thrust, enabling the launch of astronauts aboard the Orion spacecraft.

Artemis III is currently targeted for launch in 2027, following the successful Artemis II mission, which completed a crewed flight around the Moon on April 10.

NASA’S MOON-TO-MARS STRATEGY

The Artemis III mission is part of NASA’s broader Artemis program, aimed at returning astronauts to the Moon and establishing a sustained human presence.

The mission will test critical capabilities, including rendezvous and docking between the Orion spacecraft and commercial systems needed for future lunar landings, currently planned for 2028.

NASA is working in partnership with Boeing, the SLS core stage lead contractor, and L3Harris Technologies, the lead contractor for the RS-25 engines. The core stage remains the backbone of the SLS rocket and is manufactured at the Michoud Assembly Facilit

CAPE CANAVERAL, Fla. (FNN) — For the first time in more than 50 years, astronauts on a NASA mission are headed around the Moon after successfully completing a critical burn of the Orion spacecraft’s main engine.

The approximately six-minute firing of Orion’s service module engine Thursday — known as the translunar injection burn — accelerated the spacecraft and its crew beyond Earth’s orbit, placing them on a trajectory toward the Moon.

Aboard the spacecraft are NASA astronauts Reid Wiseman, Victor Glover and Christina Koch, along with Canadian Space Agency astronaut Jeremy Hansen.

“Today, for the first time since Apollo 17 in 1972, humans have departed Earth orbit,” said Dr. Lori Glaze, acting associate administrator for NASA’s Exploration Systems Development Mission Directorate. “Reid, Victor, Christina and Jeremy now are on a precise trajectory toward the Moon. Orion is operating with crew for the first time in space, and we are gathering critical data and learning from each step.”

NASA’s Space Launch System rocket and Orion spacecraft lifted off from Launch Pad 39B at Kennedy Space Center at 6:35 p.m. EDT on April 1, beginning a planned 10-day test mission around the Moon and back.

Successful Launch and Spacecraft Activation

Shortly after reaching space, Orion deployed its four solar array wings, allowing the spacecraft to generate power from the Sun. The crew and mission controllers then began transitioning the spacecraft from launch to normal flight operations while checking critical onboard systems.

About 49 minutes into the flight, the rocket’s upper stage fired to place Orion into an elliptical orbit around Earth. A second burn propelled the spacecraft — named “Integrity” by the crew — into a high Earth orbit extending roughly 46,000 miles above the planet for nearly 24 hours of system testing.

Following the maneuver, Orion separated from the upper stage and began flying independently.

System Tests and Crew Operations in Space

During the early phase of the mission, the astronauts conducted a manual piloting demonstration to evaluate Orion’s handling capabilities using the Interim Cryogenic Propulsion Stage as a docking target.

After the test, Orion executed an automated departure burn to safely move away from the stage. The propulsion stage later performed a disposal burn before re-entering Earth’s atmosphere over a remote area of the Pacific Ocean.

Before its re-entry, four small CubeSats were deployed from the rocket’s Orion stage adapter to conduct separate scientific missions.

Mission teams also transitioned communications to NASA’s Deep Space Network while the crew adjusted to the space environment. Astronauts completed their first rest periods, performed onboard exercise routines, restored the spacecraft’s toilet to normal operations and prepared the spacecraft for the translunar injection burn.

Lunar Flyby and Artemis Program Goals

The crew is scheduled to conduct a lunar flyby Monday, April 6, when astronauts will capture high-resolution images and make observations of the Moon’s surface — including portions of the lunar far side rarely seen directly by humans.

Although the far side will only be partially illuminated during the flyby, the lighting conditions are expected to cast long shadows across the terrain, highlighting ridges, slopes and crater rims that are difficult to observe under full sunlight.

After completing the flyby, the astronauts will return to Earth and splash down in the Pacific Ocean off the coast of San Diego.

The mission marks a major milestone for NASA’s Artemis program, which aims to send astronauts on increasingly ambitious missions to explore the Moon, advance scientific discovery, stimulate economic growth and prepare for the first crewed missions to Mars.