After a rough quarter due to a "print market slowdown," Kodak is laying off 425 employees company wide in an attempt to cut costs.
Articles tagged "industry-news"
The Israel-based company has filed a patent infringement case claiming Apple has made unauthorized use of its dual-camera zoom technology in the iPhone 7 Plus and 8 Plus.
The restructuring continues. Starting January 1st, 2018, Nikon will no longer sell cameras, lenses and accessories in Brazil.
Yole Développement's "Camera Module Industry Market and Technology Trends 2017" report finds the industry is still mostly driven by mobile.
GoPro announced Q3 revenues this week, and for the first time in a very long time, the company is profitable! Between restructuring efforts and Hero6 sales, it seems the company is turning itself around.
Nikon has decided to close a subsidiary and its camera & lens factory in China due to the "rise of the smartphone" and the "rapidly declining" compact camera market.
Sony is expected to shift some of its CMOS sensor production capacity from mobile devices to automotive.
In the aftermath of hurricanes Harvey, Irma and Maria, camera and lens maker Sigma is extending its standard product warranty to cover damage caused by these three natural disasters.
Kudos to Canon. Earlier today, the camera giant announced that it had produced its 90 millionth EOS camera and 130 millionth EF-series lens.
Due to 'slower-than-expected development of the VR market,' Nokia has decided to pull the plug on its $25K Ozo VR camera while it restructures the company and sheds as many as 310 jobs.
Calumet UK and Wex Photographic, two of the biggest photography retailers in the United Kingdom, are going to officially merge tomorrow.
Vitec, the company that owns popular accessory maker Manfrotto, has just acquired JOBY and Lowepro for a cool $10.3 million in cash. The acquisition adds JOBY and Lowepro to Vitec's already sizable collection of camera gear brands.
Adobe's move to a subscription model is treating it very well indeed. The company has posted record revenue for the second quarter in a row, hauling in a mind-boggling $1.84 billion.
More details have emerged about the potential sale of Blackstone's 45% stake in iconic camera brand Leica.
Nikon Asia is being criticized from all sides today after a huge Nikon D850 promotion it hosted featured 32 male photographers... and exactly 0 women.
Goodbye Impossible Project, hello Polaroid Originals! The new Polaroid Originals brand brings the Polaroid of old back from the dead with new i-Type instant film and the OneStep 2 analog instant camera.
Film photography lovers have something to celebrate. It seems Kodak will be resurrecting its famous Ektachrome film this year, with full production slated for 2018.
The ill-fated Lily Drone has been resurrected by a company called Mota Group, and re-released with better looks, additional features and a new name: Lily Next-Gen.
The new plant, which will be more than 70% automated, will mark the first time Canon has built a camera production facility in Japan since 2010.
Longsys, one of China's foremost manufacturers of consumer flash storage, has officially acquired the Lexar trademark and branding rights from Micron Technology, Inc.
That didn't take long. Less than a week after Google published some research showing how an AI could automatically remove watermarks from stock images, Shutterstock has already strengthened their system so it's immune to this kind of theft.
Nikon has issued a delay and apology regarding their 100th Anniversary D5, D500, and Triple Lens sets. Due to a logo issue, the company is being forced to delay shipments until October.
Citi Research predicts that Snapchat and Instagram are going to bring in huge revenues by 2019. They believe Instagram will hit the $10 billion mark, with smaller Snapchat earning a not-insignificant $3 billion.
GoPro's financial fortunes have finally made a turn for the better. After multiple rounds of layoffs, cuts and restructuring work, the company's Q2 2017 financial results showed strong growth.
Bowens employees are reportedly furious at how the lighting company's liquidation is being handled, claiming they were not paid for July and are required to continue working, without pay, for the duration of the process.
Huge news out of the photo industry today. It seems Blackstone is considering selling their 45% stake in Leica Camera, and Zeiss is one of the potential buyers... but only if they can buy a majority stake.
The fortunes of Sony’s camera division have taken a turn for the better with a rise in first quarter sales and operating income thanks to 'high-value' cameras and booming smartphone sensor business.
The Nikon 1 AW and 1 V3 mirrorless cameras are no longer available to order, and the Nikon 1 J5 is only available while supplies last. Is this the end of the Nikon 1 line?
In an interview with CNBC, Leica Chairman Andreas Kaufmann said he dreams of a 'true Leica phone,' and hinted at what's next for the Leica and Huawei partnership.
And another one bites the dust... according to several independent reports, 94-year-old lighting company Bowens has entered liquidation.
Today, Canon is celebrating the grand opening of a new service & support center in Burbank, California—the company's 'most advanced cinema industry resource to date."
Major Japanese electronics retailer Bic Camera will soon accept Bitcoin as payment at all of their retail locations. If this trend catches on, you might be buying your next camera with cryptocurrency.
Troubled tech company Panono and their odd 360° ball camera will live on to shoot another day. The investment company that purchased the Panono brand says it will continue all services 'without disruption'.
The number of cameras made and shipped by manufacturers continues to grow, spelling some positive news for the photo industry.
It's the end of an era. Parent company Micron has announced that they are discontinuing the Lexar retail brand. This includes 'memory cards, USB flash drives, readers, and storage drives.'
According to a report by Nikkei Ricoh is facing its biggest crisis ever and will have to cut costs in order to survive.
Verizon is planning to combine AOL, Yahoo and a few of its other subsidiaries into a new ad platform called Oath.
The Fujifilm earnings report shows increased sales figures of both X-Series cameras and lenses and the GFX medium format system but an overall revenue decrease for the imaging solutions division due to currency fluctuations.
Take this rumor with a very big grain of salt: Japanese magazine, Sentaku, seems to be reporting that the nation's government wants Fujifilm to purchase a stake in Nikon to keep the brand Japanese-owned.
What can other shops learn from the success of Glazer’s, an 80-year-old camera retailer located in the heart of Seattle’s most 'techie' neighborhood?
Sony plans to make its semiconductor business unit less reliant on volatile demand from the smartphone sector by cutting costs, boosting production yields and increasing sales of sensors for cars.
Sony is the world's leading mirrorless camera brand but remains third for ILCs overall, it's said in a presentation to investors. A focus on high value cameras and lenses should boost operating income, it says.
A new report expects action camera growth to increase about 15% by 2021, with Ultra HD cameras driving demand.
|DSC_9643 by NOWHITELENS|
from Best Photo of the Week
|Thailand Sunrise by ozziebadger|
from Ships and Boats