When a few days past, the news circulated that Kodak Alaris had sold its paper division to Hong Kong-based Chinese company Sino Promise, reactions were mixed and ranged from disinterest over protectionist outrage to the fear that analog photography would finally meet its demise.
The Kodak paper and photochemical business is reportedly being sold to a Chinese company.
After a year of rumors, denials, and backtracking, it's finally official: Olympus is exiting the camera business after an 84-year run as one of the world's most recognizable brands in the industry.
In a surprise announcement on the PRO EDU Community Facebook Page yesterday, the photo/video education company's CEO Gary Martin announced that PRO EDU has acquired Resource Magazine and will be taking ownership of the publication starting June 1st. The photo/video/lifestyle magazine was founded in 2007.
Facebook has just acquired the massive GIF library and creation platform Giphy, with plans to integrate the service more fully into Instagram. The purchase reportedly cost Facebook $400 million, though terms were not officially disclosed.
After announcing that the publication would be closing down last October, photo industry mainstay Imaging Resource revealed today that they have been acquired by Madavor Media: the publisher of Outdoor Photographer, Digital Photo Pro, Digital Photo Magazine, and others.
Apple has quietly acquired a UK-based imaging start-up whose technology could lead to a huge boost in iPhone camera performance. The company, called Spectral Edge, pioneered an "image fusion" technology that uses infrared photos and machine learning to produce photos with more "colour, detail and clarity."
Photo and video editing brand VSCO has acquired action camera maker Rylo. The pairing, which might seem strange at first blush, promises to bring Rylo's innovative mobile video editing tools to the VSCO platform starting "next year."
Sports Illustrated is going the way of Polaroid and Kodak. Once known for its cream-of-the-crop sports photography, the iconic magazine was just sold in a $110 million deal, and the new owner has big plans to make money by licensing out the brand.
Big news in the world of film photography: the Kodak film business is reportedly up for sale. Kodak Alaris is said to be looking to sell part or all of its business, and its film business, in particular, could be sold to another company within the next month or two.
Time magazine is changing hands. Billionaire and Salesforce.com founder Marc Benioff and his wife Lynne have agreed to acquire the famous red-bordered publication for $190 million in cash.
The stock photo powerhouse Getty Images is now once again owned by the Getty family from which it received its name. The company announced that the family has acquired a majority stake in the company and will take full control.
The popular blog Style Me Pretty announced earlier this month that it would be shutting down after inspiring wedding photographers for over a decade. That closure has now been averted after the site's original founders worked out a deal to buy it back from Oath, the company Verizon folded Yahoo and AOL into.
Yesterday, we learned that the photo-sharing site Flickr has been acquired by the photo sharing site SmugMug. Terms of the acquisition were not disclosed.
Huge news in the photo sharing world today: SmugMug just announced that it has acquired Flickr from Yahoo, which was itself acquired by Verizon last year. This deal "will create the most influential photography community in the world," SmugMug says.
GoPro's brand may be widely recognized, but its business has been struggling mightily as of late. But there's now some news that may offer a glimmer of hope for investors: GoPro may soon become a Chinese-owned company.
Google is reportedly in the process of acquiring the light field camera startup company Lytro with a price tag somewhere in the range of $25 million to $40 million.
500px has been acquired by Visual China Group (VCG), the Beijing, China-based photo and media agency that's known as "the Getty Images of China."
Shutterfly has announced that it has agreed to acquire Lifetouch, the employee-owned photography company best known for being the national leader in school pictures. The purchase price is $825 million in cash.
National Geographic photographers will likely soon find themselves under the same parent company as Disneyland photographers. Disney is set to take ownership of the famous yellow-bordered magazine as part of its $52 billion purchase of 21st Century Fox.
Apple has quietly acquired Invisage, the camera sensor startup company behind QuantumFilm, according to a new report.
The popular Nik Collection of photo editing software will live on. Just months after Google said that it was abandoning the brand and ending development, DxO has just announced that it has acquired Nik Collection from Google and will continue development "for the benefit of the photographer community."
Apple has quietly acquired a new French technology startup, Regaind, which specializes in AI and computer vision for analyzing photos. Apple's Photos app is already able to search through images using keywords like "dog" or "tree" and pull out the relevant images, but this acquisition may indicate further AI developments for the app.
The popular photography gear brands JOBY and Lowepro have just been acquired by Vitec Group, the parent company behind other popular industry brands such as Manfrotto.
The Google Pixel smartphone and its "best camera ever" will soon be even more "Made by Google." The search giant just announced that it would purchase the Pixel hardware division from Taiwan's HTC in a $1.1 billion deal.
Back in June, Micron announced that it would be discontinuing its Lexar retail removable storage business, which makes memory cards used by photographers around the world. But now it looks like the Lexar brand will live on: it has been acquired by the Chinese flash storage company Longsys.
In a long anticipated move, Verizon has now confirmed its acquisition of Flickr and other Yahoo assets in a massive $4.48 billion deal. Rumors started back in 2015 that Flickr was for sale, and now the day has come that this is a reality for its users.
This is going to be the strangest (and most controversial) piece of photo industry news you'll read today. According to a report published by the reputable Japanese magazine Sentaku, the Japanese government is trying to convince Fuji to 'help' Nikon by buying a stake in the troubled camera company.
Big news in the photo industry today: Polaroid's brand and intellectual property has been acquired by the largest shareholder of The Impossible Project, Polaroid announced. Now a single family has control of both the Polaroid brand and The Impossible Project.
Back in November 2015, the Chinese camera drone company DJI announced that it had acquired a minority stake in the legendary Swedish camera brand Hasselblad. The following July, the two companies teamed up to launch a monster $4,599 medium format drone. According to a new report, DJI has since acquired Hasselblad by becoming the majority owner.