Posts Tagged ‘business’

Kodak to Sell Its Camera Film and Imaging Businesses in $2.8 Billion Deal

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We reported last August that Kodak was looking to sell its camera film business along with a number of other core businesses. Well, the company has now succeeded.

Kodak announced today that it has reached an agreement to sell off its two remaining imaging divisions — which includes its photographic film business — in a major deal worth $2.8 billion.
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Store Wages War Against ‘Showrooming’ by Charging a $5 ‘Just Looking’ Fee

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‘Showrooming’ is something that’s having a big effect in the camera equipment industry and something that many brick-and-mortar retailers are trying to address. It’s when consumers walk into a store not with the intention of actually purchasing a camera or lens, but instead to play around with them and evaluate them in person before making the actual purchase for a lower price online.

One store over in Brisbane, Australia has come up with a novel strategy (but not so consumer friendly) for combatting showrooming. To ensure that only customers looking to purchase products walk through their doors, the store is charging a $5 fee just to browse its wares.
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Do You Need a Photography Degree to Be a Successful Photographer?

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As the recipient of a great education (thanks in no small part to my parents), I’m always fascinated by discussions of how college influence what we do and achieve later in life. As a music major, I could have never fathomed that I would one day become an entrepreneur, and when I think back to college, it had very little to do with the acquisition of technical knowledge, and more about being exposed to a wide range of subjects, people, and social situations.
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Kodak Lost $1.38 Billion in 2012, Hopes to Leave Bankruptcy in Mid-2013

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Kodak burned historic amounts of money in 2012, but is apparently still on track to leave bankruptcy sometime this year. The company released an annual report with performance figures and messages to investors. One of the glaring numbers in the statement was the fact that company lost $1.38 billion in 2012, almost double the amount it lost in 2011.
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Imgembed Helps You Make Your Photos Easily Embeddable and Monetizable

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Freshly launched over at SXSW 2013 in Austin, Texas, Imgembed is a new startup company that aims to promote the legitimate use of photos online. Well, it’s actually the latest in a string of companies to tackle the embeddable photo concept. For photo purchasers, it’s an easy way to find, pay for, and use images. For photographers, its an easy way to make your images available for purchase.
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Nikon Stock Plummets 19% After Cutting Profit Forecast, Biggest Drop Since 1985

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One of the big stories in the business world today was that Nikon’s stock took a historic fall of nearly 19%. The company is weighted so heavily in the Nikkei Stock Average that the news had a rippling effect across the market, causing most Asian shares to drop.
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Photographers: Finding New Clients, Not Gear, Is Biggest Challenge in 2013

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In late 2012, Photoshelter surveyed around 5,000 photographers to find out the industries outlook on 2013. Some of the findings were pretty interesting.

The chart above shows the top challenges the photographers think they’ll face in 2013. Only 10% of those who responded were worried about gear-related issues. People don’t seem to be having a hard time finding the right equipment to use for their shoots — it’s the business-side of the photography business that’s weighing photogs down.
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Rumor: Shutterfly Aquiring Photo Sharing and Backup Company ThisLife

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Over the last year, almost every time we’ve heard the word “acquisition” it’s been preceded by the word, or rather company, Shutterfly. That’s because Shutterfly has been very busy buying up companies and galleries and, fortunately for users, putting them to work in real ways.

It was less than two weeks ago that the new Shutterfly Mobile app was announced, a result of its Penguin Digital acquisition. And now, in time to steal a little bit of thunder from all of the CES rumors, sources claim that the photo storage and sharing site is acquiring yet another start-up. Read more…

GoPro Sells 9% of Company to Foxconn for $200M, Now Valued at $2B+

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‘Tis the season of mergers, acquisitions, and investments. At around the same time Adobe announced its acquisition of Behance yesterday, Taiwanese gadget manufacturer Foxconn (officially known as Hon Hai Precision) announced that it has snatched up 8.88% of GoPro for $200 million. The deal values the California-based action-camera maker at a whopping $2.25 billion.
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Dropbox Acquires Snapjoy, Gearing Up for Cloud Photo Sharing War

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In the world of cloud data storage, Dropbox is one of the 800lb gorillas fighting for your files. In recent days, it has been making big moves to become more of a player in photo storage and sharing. After all, everyone needs a safe place to keep their digital images, right?

The company’s latest play came today in the form of an acquisition: Dropbox has acquired fellow cloud-storage company Snapjoy — a business based around aggregating photos from around the web and from your various devices.
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