The sector saw a notable lift as market participants adjusted their portfolios away from tech-heavy assets. This strategic move coincides with a significant collapse in dealmaking activity within the media space. Getty Images officially terminated its proposed merger with Shutterstock after the U.K. Competition and Markets Authority mandated that Shutterstock divest its entire editorial division as a condition for regulatory approval. Facing the prospect of dismantling a core segment of its operations, the companies opted to abandon the transaction entirely.