financial

Canon’s Strategic Plan Looks to Dominance and Expansion

What Canon says and does is important to the camera industry because it is so dominant across large swathes of the sector. And as a publicly listed company, it is required to publish both its financial results and business strategy going forward. Canon recently updated its medium-term strategy, so where does it see itself in five years' time? In one word: dominant. More importantly, what does this say about the future for everyone else?

New York’s Attorney General to Sue Kodak for Insider Trading

The attorney general's office of New York is preparing an insider-trading lawsuit against Eastman Kodak and its top executive which focuses on stock purchases that occurred before a deal with the Trump administration to finance a pharmaceutical venture during the Coronavirus pandemic.

Nikon is Going to be Fine… Probably

If you pay any attention to the photography industry, it's hard to ignore the news of the financial struggle that Nikon has been dealing with since late last year. What were once rumors are now confirmed: the company isn't in a good place. But that said, Nikon is going to be fine... probably.

Nikon Warns of ‘Extraordinary Losses’ Due to COVID-19

Nikon Corp. published two financial statements today. The first was a warning to investors—a "recognition of extraordinary losses" caused by the COVID-19 pandemic. The second was a revised FY2020 financial forecast that discloses the expected impact on profit and revenue for the fiscal year that ended March 31st.

US Camera Sales Dropped by 64% Last Month; Only Luggage is Doing Worse

As the coronavirus pandemic brings the world economy to its knees, retail intelligence firm Stackline put together a report identifying the 100 fastest growing and 100 fastest declining industries based on e-commerce data from March. No surprise, the outlook is especially grim for cameras.

How 4 Photographers are Dealing with Income Loss Due to COVID-19

As the coronavirus has spread throughout the U.S., it has left a wake of economic turmoil. As of Wednesday, April 9th, over 16 million Americans have filed for unemployment. Like many other freelancers, photographers have seen an abrupt drop in income. For many, late March brought about cancellations in droves over the course of about a week.

Instagram Made $20 Billion from Ads in 2019, Out-Earning YouTube by a Lot

Despite plenty of opinions out there saying that stills photography is dying and video is taking over, one metric at least seems to disagree: ad revenue. According to reports, the world's largest photo sharing site (Instagram) out-earned the world's largest video sharing platform (YouTube) by a lot in 2019.

Canon Reveals Plans for ‘Advanced’ EOS R Model in Financial Presentation

Canon has released its financial results and presentation for the 2019 fiscal year, which included some interesting revelations about 2020. Despite believing the camera market will continue to shrink, Canon predicts 'stable demand' for professional cameras, and outright mentions plans to release an 'advanced' EOS R camera.

Adobe Announces Record Revenue of $11.17 Billion in 2019

Adobe has released its Q4 financial results for the 2019 fiscal year, revealing that it has surpassed $11 billion in annual revenue for the first time in the company's history, and posting an incredible 24% growth year-over-year.

Olympus CEO Backtracks, says Camera Business May Be for Sale: Report

The back and forth between Olympus and the public continues, and the news is grim. After officially denying rumors of an imminent imaging business shut down, Olympus' CEO backtracked on some previous comments today, implying that the company's camera business may be up for sale.

Surprise: Kodak’s Film Business Grew 21% Year-Over-Year

Kodak released its Q3 revenue report yesterday, and while the company is reporting a year-over-year loss of $5 million on total revenues of $315 million, there's a very interesting bright spot in the finances: revenues for Kodak's film business grew by 21 percent year-over-year for Q1 through Q3.

Concert Photography Jobs: How to Make Money by Shooting Music

There are a lot more music photographers than there are music photography jobs — that’s just how it is in this corner of the industry. It's a port of entry for many hobbyist photographers, and the result is saturation of the market. A lot of budding photographers are willing to work for free, making the gigs that are out there even tougher to get.

Nikon Allocates $17.7 Million to Repair D600 Issues… and Its Reputation

If you're wondering just how big of a pain in the butt for Nikon the D600 sensor oil/dust issues have been, all you have to do is go back into our archives and read about the lawsuits and the outrage... or read the comments on the D610 announcement post.

On the off-chance that's not enough, however, we now have a dollar figure to add to the mix. $17.7 million. That's how much Nikon has allocated to put an end to the D600 issues and repair its damaged reputation.