Getty Images Files for Chapter 11 Bankruptcy to Restructure Debt

• Getty Images, a US photography company, has commenced Chapter 11 proceedings in US bankruptcy court.
• The company aims to complete its financial restructuring by the end of the year.
• Getty Images secured a restructuring support agreement to inject fresh money and go private.
• The company expects to finalize the process by the end of the year.
• Getty Images plans to emerge from bankruptcy as a privately held company.