Photo-sharing site Flickr has been acquired by photo hosting service SmugMug. According to USA Today, SmugMug CEO Don MacAskill is committed to 'breathing new life' into the once market-leading service, and will maintain it as, "a standalone community of amateur and professional photographers."

One of the most important and popular services of the digital photography boom of the mid 2000s, Flickr was acquired by Yahoo more than a decade ago, but in recent years the site has been in decline as once-loyal users abandoned the stagnant platform in favor of competitive services. Flickr loyalists had hoped that Yahoo's then-new CEO Melissa Mayer would be able to 'make Flickr awesome again' when she took over in 2012, but the once industry-leading photo site never regained its former relevance.

Following Verizon's acquisition of Yahoo and Flickr in 2017, it looked possible that the service might be shuttered, but it seems that with the SmugMug acquisition, this one-time giant of the digital photography landscape may have a brighter future than some users had feared.

UPDATE: Flickr has released an official announcement of the acquisition, with instructions on how to remove your info and close your account if you do not want your Flickr account and data transferred to SmugMug. You can read the announcement in full below.

To learn more about the acquisition and what it means for Flickr and SmugMug users alike, head over to the SmugMug website.

We’re excited to announce that Flickr has agreed to be acquired by SmugMug, the photography platform dedicated to visual storytellers.

SmugMug has a long history of empowering people who love photography and who want to improve their craft, making them a perfect fit for Flickr and our creative community. With SmugMug, we’ll continue to focus on you, the Flickr members who inspire us all with your work.

Nothing will change immediately with regard to your Flickr account. You will still access Flickr with your current login credentials and you will have the same Flickr experience as you do now. We will continue to work to make your Flickr experience even better.

We think you are going to love Flickr under SmugMug ownership, but you can choose to not have your Flickr account and data transferred to SmugMug until May 25, 2018. If you want to keep your Flickr account and data from being transferred, you must go to your Flickr account to download the photos and videos you want to keep, then delete your account from your Account Settings by May 25, 2018.

If you do not delete your account by May 25, 2018, your Flickr account and data will transfer to SmugMug and will be governed by SmugMug’s Terms and Privacy Policy.

Read more detailed FAQs about this transition on the Flickr Blog.

We’re happy that Flickr is your home for photography and we look forward to the next chapter in our adventure together as we join the SmugMug family.

The Flickr Team