- Activist investor Trillium Capital called on stock-photo company Getty Images Holdings Inc GETY to collaborate with technology firms and publishers to grow its revenue.
- Getty should expand its partnership with Nvidia Corp NVDA to tap the chip company's image-rendering technology, build a strategic relationship with Microsoft Corp MSFT & Bing through their Open API system, collaborate with Adobe Inc ADBE to combine their media collections and strike a metadata relationship with Meta Platforms Inc META Facebook and Instagram to upload digital photos and videos.
- Trillium also listed Nvidia, Microsoft, Adobe, and Meta as potential takeover suitors.
- Trillium also suggested tie-ups with National Geographic, New York Times Co NYT, and The Washington Post to upload and download digital libraries.
- Trillium urged the platform to expand its library of generic stock photos to special events, including religious functions, weddings, graduations, and family celebrations.
- The principals of Trillium Capital LLC own over 500,000 shares of common stock and common stock equivalents of Getty.
- Last week, Trillium asked Getty for a board seat and urged the company to evaluate strategic options, including a sale.
- Price Action: GETY shares traded lower by 0.79% at $6.27 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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