Posts Tagged ‘industry’

What If Clients Don’t Really Need ‘Professional Photography’?

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Author’s disclaimer: This article is aimed toward commercial, business-to-business photographers. Consumer photographers may get something from it as well, but there are different market forces at work in that genre.

Yes… it is sort of a “link-bait” sounding headline, but I worked hard trying to figure out how to say it without sounding like I was tricking you into reading something far off the mark.

And here is why I think it is on the mark; photography has become ubiquitous. It has become the ordinary and the mundane, the avocation and the whimsical. With the advent of digital, 80-90% of the tools photographers needed to make photographs were eliminated. The learning curve was now no more than a bump for those wanting to simply record what they see as a photograph.
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Chinese Couples Flocking to South Korea for $4,000 TV Set Engagement Photos

China’s CCTV is reporting that more and more couples in Asia are flocking to South Korea in order to have their engagement photos captured on the sets of Korean drama TV shows. These shoots can cost upwards of $4,000 — at least four times more than the shoots would cost in other countries.
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Shutterstock Acquires UK Photo Agency Rex Features for $33 Million

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Stock photography giant Shutterstock announced today that it has agreed to acquire the UK-based press photo agency Rex Features for $33 million in a mostly cash deal.
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Canon to Return Camera Production to Japan as Yen Value Tumbles

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The value of the Japanese yen has tumbled in recent months, and that could mean changes to where Japanese camera companies choose to manufacture their products. Canon is one company that is making changes in response to the changing economic landscape: it says it plans to bring more of its camera manufacturing back to Japan.
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VSCO Acquires Photo Book Startup Artifact Uprising

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VSCO may be trying to branch out from film emulation software and enter the business of photo books. The company has announced that it has acquired photo book printing startup Artifact Uprising.
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Video: ‘Film Didn’t Die with Kodak’s Chapter 11′ or, How Analog is Making a Comeback

“Film didn’t die with Kodak’s Chapter 11” bankruptcy filing in 2012, says the Financial Times. The British newspaper aired the 8-minute segment above that explores the renaissance that appears to be going on in the world of analog photography.

“Only a few manufacturers now make film and much less of it, but celluloid appears to be making a comeback.” Renewed interest in older technologies has also been found in other industries as well: the music industry saw vinyl record sales surge by nearly 50% in 2014. Perhaps we’re seeing something similar happening with film photography…

(via Financial Times via Eric Kim)

Family in Minnesota Buys Majority Stake in Polaroid for $70 Million

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Here’s some news that flew under our radar late last year: in December 2014, a family in Minnesota became the majority owner of Polaroid through a $70 million deal.
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Photo Sharing is Big, Big Business: Instagram is Now Reportedly Worth $35 Billion

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When Facebook agreed to acquire Instagram for $1 billion in cash and stock back in April 2012, the world balked at the price. Instagram was only a 17-month-old company at the time that had just launched on Android, and there was no income on the horizon.

Well, fast forward two years, and Facebook founder and CEO Mark Zuckerberg looks like a genius for making the deal: Instagram is estimated to be worth $35 billion now.
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UK Reporters Say They Won’t Take Assignments That Should Go to Pro Photographers

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In a show of solidarity with photojournalists who are seeing their jobs disappear, some reporters in the UK are resolving to not take assignments that should go to professional photographers.
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This Chart Shows How the Camera Market Has Changed Over the Past Decades

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How have camera sales changed over the past 60 or 70 years? The chart above offers an interesting look at this question. It shows camera production between 1947 and 2014.
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