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Kodak Stock Shoots Up 300%+ Thanks to Cryptomania

Kodak made waves yesterday when it announced that it will be joining the cryptocurrency craze by launching a new cryptocurrency of its own, called KodakCoin. And because it's 2018, Kodak's once-hopeless stock price was up over 300% when the market opened today.

GoPro Kills the Karma and Exits the Drone Business

GoPro just announced that it's exiting the drone business and cutting 20% of its workforce, confirming earlier reports of major layoffs in the company's aerial division. The company's stock also plunged after it missed revenue estimates.

Fujifilm: Polaroid Demanding Millions Per Year for White Border on Instax

Fujifilm has filed a legal complaint in the US, accusing Polaroid of turning against the company and demanding millions of dollars in royalty payments per year for the use of its white borders on its new Instax Square instant film. Polaroid is allegedly threatening Fujifilm with a trademark lawsuit if it doesn't comply.

Macphun Renaming Itself Skylum as its Photo Apps Land on Windows

Macphun has just announced that it's changing its name to Skylum. The company, which became well-known for its popular photo editing apps for Mac, is expanding to Windows and needed a new name as a result. Company CEO Alex Tsepko announced the rebranding in a post on the official blog.

Dear Canon, What Happened To Your Innovation?

Dear Canon,

You and I have had a very, very long friendship that has lasted many years and many, many generations of cameras. Ever since my first camera purchase, you have been my brand of choice. I still have my original Canon IXUS 40 and multiple generations of full frame and APS-C SLRs going back as far as the 450D, which was released in March 2008.

Ex-Bowens Employees Furious About Handling of Liquidation

The 94-year-old UK-based lighting brand Bowens surprised the photo world last month when it abruptly closed shop and went into liquidation, citing the rise of cheap Chinese brands and fierce competition. The death of a beloved photo brand is (sadly) not too unusual, but former Bowens employees in both the UK and in China say they're furious about how they've been treated during this process.

Nikon’s Year: Digging Into the Latest Financial Results in 2017

Here's the crazy corner Nikon is in: they can claim a modest 7% increase in operating income for the fiscal year that they just finished, but had far lower net sales and, with restructuring costs, had a significant loss. Nikon predicts that they'll recover to profitability next fiscal year, but with lower sales.

What Does Nikon Excel At?

With Photokina coming up later this month, we’ll soon have a good chance to see whether Nikon is playing to their competencies or incompetencies with their next round of announcements. Every company has some core competencies that can’t be denied. What are Nikon’s?

Eye-Fi Relents, Won’t Brick Older Wi-Fi Memory Cards After All

Eye-Fi, the Mountain View, California-based company that helped pioneer Wi-Fi memory cards, announced back in June that its older cards would be rendered largely useless after September 2016. Now, after the outcry of many angry customers, the company is now changing course: the cards will be stayin' alive.

GoPro to Trim Lineup to Just 3 Cameras As Business Continues to Nosedive

GoPro just announced the financial results of its latest quarter, and things aren't looking very good for the flagging camera company. Investors were already bracing for the worst after GoPro slashed 7% of its workforce in January and announced a huge drop in camera sales.

Quarterly revenue has dropped ~31% from a year ago to $436.6 million, and the company lost $34.4 million in the quarter, GoPro says. In response, GoPro says it will be cutting down its camera lineup to offer just 3 main models starting in April 2016.

Flickr To Be Scaled Back As Yahoo Trims 1,700 Jobs

Yahoo announced yesterday that it will be cutting 15% of its workforce, or about 1,700 jobs, in an effort to bring the flagging Internet company back into profitability. The company will also be trimming and shutting down weak and non-essential businesses to focus on core products.

Unfortunately for photographers, Flickr will reportedly be one of the businesses that will see some cutbacks in the very near future.

Sony Will Be the Major Player in the Photo Industry, Says Sigma’s CEO

Sigma CEO Kazuto Yamaki has done quite a good job at boosting his brand's reputation in the world of photography over the past few years, as the company's Art series of lenses has drawn rave reviews for their optical quality, solid build, and relative affordability.

In a new interview, Yamaki shared a bold prediction about the future of the camera industry: he believes that Sony will emerge as the major player.

‘Star Wars: The Force Awakens’ Was Shot on Film, and Kodak May Be Profitable in 2016

Back in July 2013, we shared how major filmmakers had banded together to rescue Kodak by committing to purchasing film from the company. One of the big names was J.J. Abrams, the director of Star Wars: The Force Awakens, which opens this week.

The new Star Wars was shot on Kodak film, and thanks to a number of other major productions using Kodak as well, Kodak says it may be profitable starting next year.

Adobe Doubles Profits Thanks to Growth in Creative Cloud Subscribers

Adobe announced its quarterly results last Thursday, and investors are happy: the company beat market expectations by doubling profits from a year ago thanks to a huge growth in Creative Cloud subscribers. It seems that the shift from boxed software to digital subscription plans is paying off big time for the San Jose, California-based company.

Yahoo May Sell Flickr and Its Core Internet Business

Flickr could soon find itself with a new owner. Yahoo is reportedly considering a sale of its struggling core Internet business, in which the photo sharing service Flickr -- acquired back in 2005 for around $25 million -- is just a small piece of the pie.

Bye Bye Gura Gear: Company to Sell All Camera Bags Under the Tamrac Brand

The Tamrac brand of camera bags has been around for nearly 4 decades now, and it looks like it will continue to live on much longer. Gura Gear, on the other hand, ends here.

When Tamrac went bankrupt last year, Gura Gear swooped in and acquired the company's brand and assets. Now, a year later, Gura Gear has decided to drop its own brand name in favor of the older Tamrac brand. Thus, Gura Gear will be no more.

Is Samsung Shuttering its Camera Business?

Rumors have been swirling around in the photo industry the past couple of months about Samsung pulling out of the camera industry. Samsung hasn't announced anything new in recent times, and its camera division has reportedly been bleeding money every year since the NX system was announced in 2010.

SanDisk Acquired by Western Digital for $19 Billion

SanDisk just succeeded in its mission to get bought out. Hard drive maker Western Digital announced today that it has agreed to acquire SanDisk in a deal worth about $19 billion in cash and stock. If all goes well, the deal will close in the third quarter or 2016.

SanDisk is Trying to Get Bought Out, Report Says

SanDisk is a huge name when it comes to memory cards used by photographers, but it's actually a relatively small company compared to other heavyweights in the memory chip industry -- one of the biggest of which is Samsung. A new report says that SanDisk is actively exploring the potential sale of its business, with at least two competitors expressing interest in the deal.

Hasselblad Says the Lusso is Its Last Rebranded Sony Camera

Hasselblad is a legendary brand name in the photo industry, but over the past few years the company has taken a hit in the eyes of some photographers by choosing to sell luxury, rebranded versions of Sony cameras. Starting with the Lunar back in 2012, Hasselblad made a habit of taking a popular Sony camera, redesigning the body with luxury materials, and then selling the "new camera" for multiples of the original price.

But things are going to be different moving forward: Hasselblad is saying that it will no longer be spitting out rebadged Sony cameras in the future.

GoPro Camera Drone Will Be Released in 2016

GoPro is officially getting into the camera drone industry. After rumors had been swirling since late last year, GoPro founder and CEO Nick Woodman announced yesterday that the company is building its own quadcopter, and that the drone is set to launch in the first half of 2016.