Wednesday, April 25, 2012
Bron Imaging and Hasselblad USA have announced an agreement through which the two companies will merge their operations in the United States. Effective immediately, the agreement creates a combined company called Hasselblad Bron, which “will leverage the strengths of two of the professional photo industry’s leading distributors and allow the sales, marketing and customer support divisions to provide higher levels of service”. Under terms of the merger, Hasselblad Bron will be a single entity providing support for all of the brands of the combined company. The transaction will only impact the two American organisations of Bron Imaging Group U.S. and Hasselblad USA. Hasselblad AB (Sweden), Bron Elektronik AG (Switzerland) and other related suppliers will remain independent companies.
Friday, April 13, 2012
A new report released by BCC Research claims that “by 2016, the [global] digital photography market should reach $82.5 billion”. Within this market, the segment of digital cameras and lenses is forecast to expand at a compound annual growth rate of 5.8%, reaching nearly $50 billion in 2016. By contrast, the segment of photo printers and processing equipment is expected to contract slightly to $24.7 billion, representing a decrease of $300 million versus 2011. The report is available to purchase from the BCC website.
Website: BCC Research
X-Rite has signed a merger agreement with Danaher, under which Danaher will acquire the company for $5.55 per share. This offer represents a premium of almost 39% over X-Rite’s closing share price of $4.00 on the last trading day prior to the announcement. Upon completion of the transaction, X-Rite, headquartered in Grand Rapids, Michigan, will operate as a stand-alone company within Danaher’s Product Identification group which is a part of their Industrial Technology Segment.
Tuesday, April 10, 2012
Autodesk has announced a partnership with Photobucket to bring Pixlr photo editing tools to Photobucket users. Under this agreement, Photobucket will now offer its users Pixlr tools, including the popular Pixlr Editor and the newly revamped Pixlr Express. The partnership between the companies will also provide advertisers with a creative environment from which they can deliver custom, branded effects in Photobucket ad packages.
Facebook has agreed to acquire Instagram for nearly one billion US dollars in cash and stock. On his own Timeline, Facebook CEO and founder Mark Zuckerberg wrote that “providing the best photo sharing experience is one reason why so many people love Facebook and we knew it would be worth bringing these two companies together”. Instagram has attracted approximately 27 million users in just 1.5 years, on the iOS platform alone, before launching an Android app a week ago.
Monday, April 2, 2012
Canon has once again earned placement in Fortune Magazine’s “World’s Most Admired Companies” list. Canon achieved the number-five position in the computer industry, while also earning the number-two position in the Asia/Pacific region, moving up two spots from last year. Fortune magazine’s Most Admired List is considered the definitive report card on corporate reputation, and this year surveyed a total of 698 companies from 32 countries. Criteria such as investment and social responsibility were reflective of the results, and companies that have consistently outperformed their peers were those that demonstrated a commitment to achieving success through people, and placing a high value on leadership and talent.
Friday, March 2, 2012
Kodak has announced that it has entered into an agreement with Shutterfly for the proposed sale of certain assets of its Kodak Gallery online photo services business for $23.8 million. The terms of the agreement include the transfer of customer accounts and images in the US and Canada to Shutterfly. “This sale is consistent with our objective of focusing Kodak on a core set of businesses in which we can most profitably leverage our technology and brand strengths, and provides a well-proven mechanism for ensuring that Kodak receives maximum value from these assets,” said Pradeep Jotwani, President, Consumer Businesses and Chief Marketing Officer. Kodak will give customers who do not want their photos transferred to Shutterfly the opportunity to opt out of the transition process. Those customers could then retrieve their images through free downloads or by purchasing DVDs from Kodak Gallery.
Wednesday, February 29, 2012
Eye-Fi has completed a $20 million Series D round of funding, led by NTT DOCOMO, the largest Japanese mobile operator and a recognised leader in mobile data and content services. NTT DOCOMO joins Eye-Fi as an investor and strategic partner, expanding the company’s distribution and further establishing its mobile partnerships. In April, NTT DOCOMO will become the first partner to launch Eye-Fi card activation via mobile phones. This new technology means NTT DOCOMO’s 59 million mobile subscribers can quickly and easily share high-quality images between their digital cameras, mobile devices, online photo sites and digital photo frames. The funding round also supports the expansion of Eye-Fi’s executive team, adding former Skype and eBay executive Michele Don Durbin as Vice President of Marketing.
Thursday, February 9, 2012
Kodak has announced that it is ceasing production of digital cameras, pocket video cameras and digital picture frames. Due to take place in the first half of 2012, Kodak will instead expand its current brand licensing program, and seek licensees for cameras. Kodak will continue to honor all related product warranties, and provide technical support and service for its cameras, pocket video cameras and digital picture frames.
Ricoh has announced that Pentax Ricoh Imaging Company, which was established last October, will assume control of the design, development and distribution of all consumer-oriented imaging products, including all digital cameras. Ricoh’s other business unit, Ricoh Personal Multimedia Product Company - which has hitherto been responsible for the development, manufacture and sales of Ricoh branded cameras -, will now focus on security systems and imaging solutions for the B2B market. The changes will take effect from 1st April.
Monday, February 6, 2012
Following the passing of Sigma’s founder, Michihiro Yamaki, his son has been appointed as the company’s Chief Executive Officer. Kazuto Yamaki joined Sigma 18 years ago and has since worked as Corporate Planning Division manager, Vice-President and Chief Operating Officer.
Wednesday, February 1, 2012
Tamron has announced its intention to establish a new manufacturing subsidiary in Vietnam. According to the company, the new plant shall “expand the company’s overall production capacity in line with the continuing growth in demand”. Located in Hanoi, the 13,400-square-metre factory will provide employment for approximately 2,000 workers.
Monday, January 23, 2012
The CEO of Eye-Fi, a long-time member of the SD Association, has posted a blog entry in which he criticises the Association for issuing a press release on the adoption of a draft Wireless LAN specification as a new standard. “There is a process for the establishment of this kind of specification, and that process wasn’t respected,” said Eye-Fi CEO Yuval Koren. “Eye-Fi patented technology would be violated by anyone implementing this draft specification.”
Source: Eye-Fi Blog
Thursday, January 19, 2012
Kodak announced today that it has filed for Chapter 11 bankruptcy protection. The move is “intended to bolster liquidity in the US and abroad, monetize non-strategic intellectual property, fairly resolve legacy liabilities, and enable the company to focus on its most valuable business lines,” Kodak said in a statement .The company expects to pay employee wages and benefits and continue customer programmes. Non-US subsidiaries are not subject to proceedings, and “will honour all obligations to suppliers”.
Monday, January 16, 2012
Mamiya and Leaf have created a new, worldwide Mamiya Leaf brand that integrates both companies’ product lines into a single medium-format digital camera system. “Creating a new Mamiya Leaf brand represents a win-win situation for photographers” said Dov Kalinksi, Leaf General Manager. “Not only will photographers be able to immediately benefit from a highly advanced, fully-integrated medium format system from the industry’s leading suppliers, but they will also be able to enjoy powerful new products emerging from a unified R&D effort.” Cameras and lenses made by Mamiya and backs manufactured by Leaf will retain their respective Mamiya and Leaf labels and they will still be sold as individual components. For more information, visit the website below.
Kodak has filed a lawsuit against Fujifilm, alleging infringement of certain patents related to Kodak digital imaging technology. Specifically, the complaint alleges infringement of the following five patents: “Single Sensor Color Camera With User Selectable Image Record Size”, “Electronic Camera For Initiating Capture of Still Images While Previewing Motion Images”, “Electronic Still Camera For Capturing Digital Image and Creating a Print Order”, “Electronic Camera With Quick Review of Last Captured Image” and “Electronic Still Camera Providing Multi-Format Storage of Full and Reduced Resolution Images”-
Wednesday, December 21, 2011
Now open to the general public, the recently launched Morpholio project seeks to create a new platform for presentation, dialogue, and collaboration relevant to all members “of any image driven culture”. Originally initiated by a group of five architects and academics, the Morpholio project has grown to include over 200 contributors including representatives of other visual disciplines including photography. “Our interest is in advancing the ways that we discuss, debate, and critique our work with a global community,” the founders say. They have recently released a free iOS app called Morpholio Beta 1.0 and launched a website where you can learn more about the project.
Monday, December 19, 2011
Light & Land has announced a brand new ‘journey of a lifetime’ photography tour along one of the most stunning and dramatic coastlines in the USA - Highway 1: The Famous Pacific Coast Highway. The tour, led by Landscape Photographer of the Year award winner Antony Spencer, will run from 28th May to 8th June 2012 with places limited to 10 guests. For more information or to book, visit the website below.
Wednesday, November 23, 2011
Leica has announced the expansion of its premises in Bruton Place, Mayfair. The Leica Store Mayfair (opened in September 2009) at 34 Bruton Place will continue to display and offer the entire range of Leica products. Above the store, the current Leica Akademie training facility will be expanded to encompass a second Akademie space, allowing the company to offer a wider range of training workshops, one-to-one product demonstrations, advice sessions and private consultations for its customers. In addition, Leica will open a dedicated Media Centre for members of the press, a complimentary café-style area for Leica owners, a service centre, a gallery of images created using Leica cameras and a fully equipped studio available to hire exclusively to photographers using the Leica S-System.
Wednesday, November 9, 2011
Olympus’ stock tumbled 20% today after a 29% fall on Tuesday, in the wake of the company’s admission that it had paid over $1 billion to “advisors” to hide losses on securities investments over the course of the past 20 years. A report by Reuters has called the affair “the biggest corporate scandal to hit Japan since a series of scandals at brokerages in the 1990s”. Olympus’ largest shareholders are now worried that the 92-year-old company could be delisted from the Tokyo Stock Exchange.
The crisis broke out in October when the board of directors dismissed Chief Executive Officer Michael C. Woodford after he had commissioned an investigation into what seemed like “unusual payments” linked to a series of acquisitions made before his appointment. Since then, the company has lost more than 75 percent of its market value.