Posts Tagged ‘industry’

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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Instagram Passes 300 Million Users, Now Larger Than Twitter

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Instagram has officially passed the 300 million user mark, making it more popular than Twitter (which reported 284 million six weeks ago).
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Crowdsourced Wedding Photography is Big Business: WedPics Raises $4.25M in Funding

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Having your wedding guests take pictures for you with their smartphones isn’t just convenient for couples on their big day — it turns out it can become a big business as well. WedPics, one of the leaders in this emerging niche, is growing like a weed and has secured new funding to the tune of $4.25 million.
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HTC is Reportedly Building an Action Camera to Challenge GoPro

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Up to this point, HTC has been known as a popular Taiwanese manufacturer of smartphones and tablets. However, the company may soon jump into a completely different market: cameras.

Bloomberg is reporting that the company is planning to launch a waterproof camera designed for capturing extreme sports.
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Nikon Stock Hits Three Year Low, Prompts Company to Restructure

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Last week, Nikon released its financial results for the last fiscal year (ending in March) and things aren’t looking good. The company missed financial forecasts yet again, closing at a three-year low that, it seems, has prompted Nikon to do some serious restructuring within the company. Read more…

Rumor: Is Ventizz Capital Planning to Pull the Plug on Hasselblad?

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In mid-2011, Hasselblad was acquired by the private equity firm Ventizz Capital Fund IV, but rumors are swirling that the fund might be getting ready to ditch their investment. Read more…

Fujifilm Launches Its Own Camera Lens Rental Service in Japan

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Camera equipment rentals is becoming big business. LensRentals proves it: the 7-year-old company was reportedly on track to take in revenues of $13 million last year.

Now it looks like camera makers may want a piece of the pie as well: Fujifilm has announced that it’s launching its own lens rental service in Japan.
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Getty’s New Embed Tool Makes Millions of Photos Free to Use Non-Commercially

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Last night, Getty Images made a huge announcement that could forever change the way high quality images are shared on the Internet. Like Flickr before it, Getty is introducing an embed feature, essentially creating an “easy, legal, and free” way for people to share the majority of the agency’s images in a non-commercial context. Read more…