🤝 Backrooms deals?

Getty Images surged an eye-watering 90% yesterday after the company announced a multi-year licensing and product partnership with OpenAI.

• Under the agreement, OpenAI will license Getty’s library of images, videos, and metadata for use in training and improving its AI models, while Getty will integrate OpenAI’s generative AI tools into its own products and services.

• The deal comes as Getty faces growing pressure from generative AI tools that can create stock image-like images in seconds, threatening parts of its traditional licensing business. Getty posted revenue of $226.6 million in Q1, down 2.5% year over year on a currency-neutral basis.

• Getty was one of the earliest major content companies to challenge AI firms in court, suing Stability AI in 2023 for allegedly scraping millions of copyrighted images without permission to train image-generation models.

That’s not all, either. 

Google revealed it’s investing roughly $75 million in independent film studio A24 as part of an AI partnership, according to the Wall Street Journal. Under the agreement, A24 will work with Google DeepMind to develop and test AI tools for filmmaking and production workflows, the Journal reports.

The Takeaway

The film and TV industry is pushing to develop AI tools that can be integrated into the time-consuming and expensive production process, and it’s attracting the attention of Big Tech. In March, Netflix announced it would acquire Ben Affleck's startup InterPositive, which is building AI film-making tools, for $600 million.

The OpenAI deal follows Getty’s 2025 licensing agreement with Perplexity, which gave the AI search company access to Getty’s library and required image credits with links to original sources. Before the announcement, Getty shares had been trading below $1 for months.

Want the inside look on the stats, data, and insights going on in sports? Looking for the numbers behind the biggest stories in the World Cup? Interested in prediction markets and how to make money there? Check out Snacks’ newsletter Scoreboard. For instance, in yesterday’s Scoreboard:

The World Cup is now technically in its third week of action, and the group stage will wrap up next Saturday (the 27th). We already have a strong sense of who is bound for the knockout rounds, with 24 teams having at least a 90% chance to grab one of the 32 available slots in the next phase of the tournament, and three others — Croatia, Scotland and Ghana — sitting between 75% and 90%.

Team USA has been one of the most impressive teams of the tournament thus far, with one of the best goals-per-game differentials in group stage history and one of the most meteoric gains in the Elo ratings as well. The US is among nine teams with at least a 3% chance to win the title — a big upgrade over where they sat going into the tournament — but the heavyweights still control the top of the board. 

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Reddit’s advertising revenues have soared almost 300% in the last three years, as this chart shows. But they’re aiming for even more ad sales: yesterday at the Cannes Lions International Festival of Creativity, the company announced a new box of tools for advertisers. 

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• 🇵🇦 Panama vs 🇭🇷 Croatia: It’s the Combat of the Coastals as the Isthmus of Panama versus the Peninsula of Istria, as two countries with a checkerboard motif on their flag enter, one leaves. (Or two leaves; this is soccer, they have ties.) The prediction markets give the edge to Croatia at 65%.*

• 🇵🇹 Portugal vs 🇺🇿 Uzbekistan: After a stunning draw against Democratic Republic of Congo in their first game, Portugal needs to pull off a win here. Portugal’s the 83% favorite.

• 🇨🇴 Colombia vs 🇨🇩 DR Congo: An unlikely battle for the top spot in the group here following favorite Portugal’s first match fumble. Colombia’s favored at 63%. 

• 🏴󠁧󠁢󠁥󠁮󠁧󠁿 England vs 🇬🇭 Ghana: A huge match that will likely crown the group winner between two 1-0 teams. England’s got an 82% chance of the win. 

*Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.

• Premarket earnings: Carnival

• Postmarket earnings: FedEx and Cerebras Systems