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GoPro has seen better days. The company just announced that it will be cutting its workforce by 7%, roughly 100 people, after seeing big declines in sales of its action camera.

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.

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 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.

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.

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.

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.

A school portrait photography company in the UK has apologized and pulled its "retouching service" after a mother publicly complained about the service sending the wrong message to children.

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 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.

500px today unveiled its first major company rebrand since the photo-sharing service was born back in 2009. As part of the move, 500px has introduced a "bold new logo for an evolving community."

Sony announced today that it will be spinning off its booming image sensor business as a new company called Sony Semiconductor Solutions. The goal of the change is to bolster the company's Devices segment.

Instagram announced in a blog post today that the photo sharing service has rocketed past another major milestone: 400 million users worldwide.

The news comes just 10 months after the Facebook-owned company announced 300 million users back in December 2014.

Jason Kirby is a photographer and entrepreneur who is working on building Togally, a new online marketplace for connecting photographers and those who need photos shot. We had a chat with Kirby about his new venture.

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 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.

The world's largest drone maker is quickly becoming one of China's most powerful homegrown companies. DJI announced today that it has raised another $75 million in venture capital funding, and recent talks with investors have reportedly pegged the value of the company at a whopping $10 billion.

Well-known lighting gear manufacturer Photoflex may live on after all. No, its original April 1st announcement that it was closing shop wasn't an ill-conceived April Fool's Joke or a bizarre marketing stunt -- the struggling company is reportedly working on a deal that will allow the brand to live on.

Apple has acquired LinX, an Israeli camera module company that is trying to revolutionize the mobile photography industry with state-of-the-art cameras that are extremely small yet powerful enough to lead "the way to DSLR performance in slim handsets."

Sony became the largest shareholder in Olympus back in 2012 after investing $645 million in the company in exchange for a reported 11.5% of shares. It's not the largest anymore.

The company has just sold about half of its remaining shares in Olympus to the bank JPMorgan, reducing its stake from 10% to 5%.

Photoflex, a popular manufacturer of lighting gear and camera accessories, has unexpectedly announced that it will be closing its business that has been in operation for three decades.

Just two months after partnering with Polaroid for a rebranded version of its service, the pioneering photo-a-day website Blipfoto has now gone into liquidation.

Photographers often grumble about Getty Images taking too big a slice from each stock photo sale, but it turns out the company hasn't been lining its pockets with mountains of cash generated by its contributors -- in fact, it hasn't been doing so hot financially as of late.

Lytro has announced that it just raised $50 million to undergo a "strategic shift" in strategy. Instead of focusing on light field photography and refocusable 3D photos, the company plans to expand into the fields of video and virtual reality. A large number of jobs will be shed during this process.

Known most for their film emulation presets, mobile app, and creative network, Visual Supply Co. has taken the photography world by storm since their inception in March of 2011. Releasing VSCO Film, VSCO Keys, VSCO Cam, VSCO Grid, and their VSCO Journal, they’ve shown that they aren’t only a company looking to sell products – they’re a company striving to build an entire community by creating and establishing effective resources for photographers.

And as of today, there’s proof in the form of dollars that others believe in their endeavors. $40 million dollars worth of belief to be precise.

Italian photography company Ferrania is ready to start making film again, years after giving up its primary business as a lost cause.

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.

We live in a world that's teeming with digital photographs. More photos are now uploaded every two minutes than were created during the entire 1800s. Facebook is seeing thousands of photographs uploaded to its servers every second of the day, and Instagram was flooded with 10 storm-related photos per second during Hurricane Sandy.

With such a large quantity of photographs flooding the web, it's clear that visual data mining will be an in-demand market in the coming years as more and more people look to glean valuable images from the torrent of useless pixels. One of the companies trying to occupy this space is CrowdOptic, a San Francisco-based startup that's building some pretty interesting location-based photo curation technologies.

Back in October, we shared some photos taken inside a small Chinese studio lighting maker named NiceFoto. Now we have a look at what operations look like at a much larger manufacturer: Godox. It's reportedly the second largest studio lighting producer in all of China.

All good things come to an end. Bad ones do too. After denying rumors last month that it would soon be shutting down, the over-funded photo-sharing app Color has now announced that it will indeed be shuttering its service.