Posts Tagged ‘business’

Sony Sells Half Its Stake in Olympus for Cash, Now No Longer Largest Shareholder

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Sony became the largest shareholder in Olympus back in 2012 after investing $645 million in the company in exchange for a reported 11.5% of shares. It’s not the largest anymore.

The company has just sold about half of its remaining shares in Olympus to the bank JPMorgan, reducing its stake from 10% to 5%.
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Popular Lighting Gear Maker Photoflex Closing Shop After 30 Years in Business

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Photoflex, a popular manufacturer of lighting gear and camera accessories, has unexpectedly announced that it will be closing its business that has been in operation for three decades.
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After the Kodak Moment: How an Iconic Photo Brand is Trying to Reinvent Itself

The New York Times has published an in-depth feature in its business section that looks at how Kodak, at one time a juggernaut in the photo industry, is working to reinvent itself after missing the boat when the camera world shifted to digital.

Decades ago, when it was the heavyweight of consumer film, Kodak was pulling in $19 billion a year with 145,000 on its payroll. Now the company has $2 billion in annual sales, 8,000 employees worldwide, and is dabbling in niche film and printing markets while exploring new ways to grow.

At Kodak, Clinging to a Future Beyond Film [NYTimes]

Blipfoto Facing Tough Times, To Be Liquidated

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Just two months after partnering with Polaroid for a rebranded version of its service, the pioneering photo-a-day website Blipfoto has now gone into liquidation.
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10 Beliefs That Suck the Life out of Photographers

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What if I told you that it’s not the industry, the bad economy, where you live, what camera you shoot with, how many lights you have or how small your Facebook following is that is holding you back. None of those are truly capable of stopping you, they are only challenges for you to meet — the same challenges everyone who creates art or starts a business has to meet and beat.
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Nikon Expanding Into Medical Devices with $400M Acquisition of Retinal Imaging Firm

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Last year Nikon announced that it had set aside $1.96 billion for mergers and acquisitions into new industries in order to diversity from the camera industry that had grown the 98-year-old company to greatness.

The Japanese company is now using a portion of that cash pile on its first major expansion purchase: a £259M (~$400M) acquisition of the Scottish retinal imaging firm Optos.
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Sony to Stop Producing CCD Image Sensors to Focus on CMOS Growth

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According to a new report, Sony is saying that it will stop producing all CCD sensors by March 2017 in order to focus on expanding its involvement in CMOS image sensors.
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Twenty20 is the World’s Largest Crowdsourced Stock Photo Catalog

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Twenty20 is a new stock photography service that just launched to the public after months of beta testing. It claims to have the world’s largest crowdsourced commercial image catalog — one that contains 45 million photos from 250,000 photographers based in 154 countries.
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Getty Images is Burning Through Cash as Its Earnings Shrink

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Photographers often grumble about Getty Images taking too big a slice from each stock photo sale, but it turns out the company hasn’t been lining its pockets with mountains of cash generated by its contributors — in fact, it hasn’t been doing so hot financially as of late.
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Thinking About Brand, Thinking About Photography

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There has been lots of discussion recently on how to brand what it is that we do, since so many of us are doing multiple things. Do we brand each thing or genre we do, or brand it into some sort of ‘holding company’ title? That’s a lot of work.
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