Leica announced that it acquired smartphone app startup Fjorden Electra to lead the development of the newly-announced Leica LUX app. While the acquisition is only being announced today, it closed in December 2023.
Many already know that Sony is a significant player in the image sensor space, but a new Sony Imaging and Sensing Solutions Segment report offers exciting insights into the stranglehold Sony has on the image sensor industry and how the company views the smartphone market moving forward.
Stock photo and video agency Shutterstock has announced a new multi-year partnership with Reka, an AI company. Like its relationships with Meta, Alphabet, Amazon, Apple, and OpenAI, Shutterstock is licensing its data for Reka to train AI models.
The CEO of Klarna, a "buy now, pay later" finance company, has boasted that his business will save $10 million this year at the expense of photographers and the photo industry thanks to generative AI.
In April 2023, Getty rejected a $4 billion takeover bid from Massachusetts-based investment firm Trillium Capital, categorizing the acquisition attempt as insufficiently credible. Now, federal investigators describe the failed takeover as a "pump and dump" scheme and have charged Trillium and its CEO with securities fraud.
Younger photographers continue to be attracted to older point and shoot cameras and, in absence of their general availability, appear to be turning to very affordable alternatives such as the Kodak PixPro FZ55 -- a camera very few enthusiasts have likely even heard of.
Panasonic is facing significant criticism concerning its recent Lumix S9 event in Osaka, Japan. The company hosted a live stream today and addressed the controversy, at least in general terms.
When companies announce and market new cameras, they include sample images. By default, most people would believe these photos are from the latest product, and often, they are. But not always. Panasonic reportedly found itself on the wrong side of this situation last week when it announced the Lumix S9.
Although Nikon was founded nearly 107 years ago and has been ubiquitous in the photography space for much of that time, the company is not far removed from financial troubles that threatened to reduce the company to ruin. Through shrewd decisions and great new Nikon Z cameras and lenses, Nikon has safely moved from the brink.
Apple is apologizing after a new iPad Pro commercial sparked controversy for showing a wide range of creative tools, including a camera and lenses, getting crushed to bits by an industrial hydraulic press.
KEH is making moves to be a more widely known brand as it has agreed with the NFL's Atlanta Falcons to become its Preferred Provider of Camera Gear.
When was the last time you saw a great news picture? Or a piece of reportage that truly made an impact? Regardless of your opinion of the winners, did you see any of the World Press images winners when they were actually published for the first time?
Yesterday, PetaPixel broke the news that Nikon paid what appears to be a pittance for RED Cinema: just $85 million. Looking at the industry's past acquisitions, we can better contextualize this number.
Earlier this year, Nikon revealed the bombshell that it had acquired US-based cinema company RED Cinema, thrusting itself into the video space that it had for so long been on the outside of, looking in. Now, based on its 2023-2024 financials, it has revealed just how much that cost: 13.167 billion yen, or $85 million.
VSCO, known for its mobile photography and camera apps for iOS and Android devices, wants to help connect its users and brands, becoming a sort of LinkedIn for photographers.
Insta360 has been having a tough go of it lately on the public relations front. While the company undoubtedly hoped it would be basking in the afterglow of a successful X4 release, it has instead been mired in controversy concerning its interactions with content creators.
Generative AI is changing how people create and business is done, which has far-reaching impacts. Photography is no stranger to technological revolutions and has thus far always survived. However, the coming storm of AI feels different to many, including Adobe, a company that has been involved with digital imaging since its earliest days.
Members of the U.S. Government may push forward with a bill that aims to ban DJI's drones and prevent them from operating at all within the country.
Camera sales have been on the up for several years now but that was mostly in contrast to how poorly the industry fared during the height of the pandemic. But this time, a research firm in Japan reports that the industry will grow for the first time in over a decade.
Cinema company Freefly Systems, best known for its Movi camera stabilization system and high-speed cameras, announced a new Ember S2.5K high-speed camera at NAB 2024. However, something somewhat surprising about the latest camera is that it ditches the E-mount that Freefly has previously used.
Photography website and commerce platform Zenfolio has published its "2024 State of the Photography Industry" report, exploring the changing trends among photographers and their thoughts on significant topics like business and artificial intelligence.
Nikon announced on March 7 that it had entered an agreement to purchase RED. Now, Nikon's huge acquisition is officially complete, just in time for Nikon's NAB 2024 appearance.
Image and video hosting website Photobucket is reportedly in talks with generative artificial intelligence companies to license its content for the purposes of training algorithms.
Hoya Corporation, a vast optics company known in the photography community for its lens filters, experienced a cyberattack last week that continues to disrupt its production and fulfillment systems.
Mark Weir, Senior Manager of Electronics at Sony, retired this week after working for the company since 1986. He is, without a doubt, one of the smartest and friendliest people the digital camera industry has ever known and while we are so happy he finally is taking time for himself, we're still a bit sad to see him go.
An organization committed to exposing climate failures at large companies has called out Canon again, citing the camera company's lack of public targets concerning the use of renewable energy and emissions reductions.
Yesterday, Lensrentals announced that it had acquired "select assets" of BorrowLenses from Shutterfly, including the branding and assets. The company confirmed to PetaPixel today that it doesn't include employees or the physical San Carlos, California location.
The Madavor and BeBop saga has seemingly ended, thanks to a new settlement between Madavor's prior owner, Zilpin Group LLC, and the BeBop Channel Corporation. The settlement returns all BeBop-owned properties to Zilpin Group, LLC and cancels outstanding liabilities.
Lensrentals announced that it has acquired BorrowLenses from Shutterfly, further solidifying its position as the top online photo, video, audio, and lighting equipment rental company in the United States.
In a surprise announcement, Nikon has acquired U.S.-based cinema camera company RED which will become of a subsidiary of the Japanese photography giant.
Chinese lens manufacturer Vazen has shut down less than five years after optical engineer Weizhen Liu founded it.
Despite the threat posed by AI and general financial insecurities, the photography and videography markets are doing well, according to a recent report.
Leica's continued focus on premium and luxury products appears to be working very well as the company has set a new sales record.
Proposals are up and photographers are cashing in as American tourists flock to Paris, France to pop the question.
Meta's Reality Labs, the division responsible for its virtual reality endeavors, had its best quarter ever, but still lost more than $4 billion.
Capture One is undergoing what it characterizes as "significant changes" internally which has resulted in an unspecified number of layoffs at the company. It is at least the second round of turnover since it announced it was switching to a subscription model.
The annual BCN Awards provide a reasonably good indication of what cameras and lenses proved popular in the year past, and the BCN Awards 2024 show that some familiar faces sold a lot of photography equipment last year.
The Los Angeles Times reports that it has begun laying off employees on Tuesday, with at least 115 newsroom staff slated to be let go. The cuts amount to more than 20% of the newsroom, which comprises writers, photographers, and other vital positions.
The BeBop Channel has filed a lawsuit in Massachusetts against Ziplin Group, LLP and its owner, Jeffrey Wolk, over BeBop's acquisition of Madavor Media early last year.
Fujifilm took to YouTube to make a few announcements today, with the most notable being the announcement of an upcoming X-Summit. Slated for February 20 in Tokyo, it's poised to drop just days before the country's largest photography trade show.
Sports Illustrated, the foremost sports journalism outlet and purveyor of some of the world's best sports photography, has reportedly laid off many staffers.
An International Data Corporation (IDC) report shows that Apple has grabbed the top spot from Samsung in global smartphone shipments. This marks the first time since 2010 that a company other than Samsung has held the position, and the first time Apple has ever been number one.
It's no secret that the film and TV industries lack diversity, but in its latest announcement, Adobe is stepping up to offer support for underrepresented creators. The new Adobe Film & TV Fund aims to provide career support and growth to increase representation in film and television.
Following yesterday's coverage of Map Camera's best-selling lenses of 2023 roundup, the popular Japanese camera retailer has also published a breakdown of last year's 10 most popular new and used cameras.
Map Camera, one of the largest photography retailers in Japan, has published its list of the 10 best-selling lenses of 2023 and the results are somewhat surprising.
The CEO of MPB Photographic has predicted that the second-hand camera market will have a bountiful year in 2024 thanks to the sky-high prices attached to flagship cameras.
Panasonic Connect Co., Ltd. and Panasonic Entertainment & Communication Co., Ltd. (PEAC) announced that they are reorganizing by consolidating the Professional AV business and Panasonic Visual Co., Ltd. Panasonic explains that this move is in response to the ever-growing video content creation market.
After 15 years of publishing photography industry news, the Australian website Inside Imaging has announced that it is shutting down.
At a marketing event in Taipei earlier this month, Ricoh executives answered wide-ranging questions about Pentax's strategy, including the status of the company's DSLR cameras and its highly anticipated film camera revival.
Adobe has abandoned its $20 billion takeover bid for design platform Figma. The prolonged acquisition attempt has been wrought with regulatory opposition in the United States, European Union, and United Kingdom.
