Industry

Private equity company Permira has purchased all available common stock for the website builder Squarespace, ending Squarespace's publicly traded era.

EssilorLuxottica, the world's largest eyewear company, has purchased a 5.1% stake in Nikon and is treating it as a "long-term financial investment to support the company and its management."

Amateur Photographer magazine hit a massive milestone today, turning 140 years old.

The British photographer Rankin has been forced to declare his ad agency bankrupt after accumulating debts of over $1.7 million.

In another blow to the ever-depleting market, UK-based photography magazine N-Photo has published its final issue after 168 editions.

Hobolite is no more. The company that has been making a name for itself in LED photography lighting will henceforth come under a new name: Harlowe.

A study looking at how long hours spent editing images affect the well-being of photographers has found that 50.4 percent suffer from mental exhaustion after a lengthy editing session.

Camera companies are notoriously secretive. While companies share revenue and profit info and are happy to claim the number one spot in specific categories, they don't say how many actual cameras they sell. However, new 2023 sales data sheds some much-needed light on the matter.

In Sony's 2024 Corporate Report, the company explains the performance of all its sectors, including its camera business. Sony has claimed yet again that it has achieved the number one market share in the full-frame interchangeable lens market.

Bending Spoons acquired file-sharing platform WeTransfer in July and has now laid off 75% of WeTransfer's staff.

With great technology comes great power. And apparently, so too comes significant price hikes. The price of some of Canva's subscriptions is slated to increase by around 300%.

The Nikon Corporation and Geodesic Capital have joined to launch NFocus Fund, a new private venture fund designed to "accelerate innovation and inorganic growth."

Although Steve Jobs remains a complicated figure for many who knew him best, nearly everyone agrees that the successful inventor and businessman was a legendary visionary. Jobs was on the ground floor of many technological innovations, including personal computers, digital music players, and smartphones. His work also had a massive impact on photography.

It appears that Meta is no longer developing its rumored Apple Vision Pro competitor, a premium VR/AR headset codenamed "La Jolla."

The digital camera industry has endured a lot of changes over the years and is currently at the tail of a huge collapse that is tied directly to the proliferation of smartphones. A new chart that uses data from camera shipments shows just how stark the difference has been between the highs and lows over the last 70 years.

A lot of financial results have been released recently. This time, the company under the microscope is Nikon, who had a solid showing in the first quarter of the fiscal year, continuing the company's remarkable recovery.

The Nikon Z6 III launched last month to significant popularity, taking the top spot on Japanese photography retailer Map Camera's sales rankings for July.

As part of Tamron's financial reports for the second quarter of this fiscal year, the company breaks down the net sales and operating income of its "photographic products" into "own-brand" and "OEM" products, offering interesting insight into how much money Tamron makes by manufacturing lenses for other companies.

It's a busy time for companies to release financial results, and after Ricoh's strong results earlier this week, Fujifilm, Sony, and Tamron released positive financial reports.

Earlier this week, photo rumor sites ran with a story that alleged Canon would face tax penalties due to a recent round of layoffs. That is unlikely to happen.

Kodak Alaris, a spinoff company of the original Eastman Kodak business, was purchased by Kingswood Capital Management, a private equity firm.

Ricoh Imaging Company. Ltd has posted its financial results for the first quarter of FY2024, and the imaging segment's performance is trending positively, helping to reduce an ongoing operational loss.

The stock market in Japan suffered its largest-ever daily loss on Monday, affecting major camera companies amid a wave of sell-offs in financial markets worldwide.

Most every global marketplace is down and while the reasons are myriad, the fear that tech companies are trotting out unfinished, unimpressive AI has led some investors to feel as though another bubble is forming.

After reports arose yesterday that Intel would slash jobs in an attempt to cut costs and recoup overall value, the company made these anticipated moves today alongside releasing horrible second-quarter financial results.

Bending Spoons, the Italy-based app developer that purchased Filmic in 2022, has added another big name to its portfolio: WeTransfer.

Intel's rough times have gotten worse. Intel is cutting thousands of jobs to reduce its costs in hopes of instigating a market share value rebound.

Canon published its Q2 financial results for 2024 today and while the company's global numbers look stronger than earlier this year, Canon's domestic camera sales remain a major weak point.

As soon as Nikon announced its surprising acquisition of the U.S.-based cinema company, RED, in March, people began speculating about what the move would mean for Nikon and RED cameras alike.

So far this year, Sony is leading the sales race in Japan for interchangeable lens mirrorless cameras, while Canon is dominating the charts for DSLR cameras.

As many know, Canon announced two new cameras this week, the Canon EOS R1 and the R5 Mark II. Canon Vice President Tsuyoshi Tokura spoke to Nikkei about what a camera like the R1 means for Canon and opened up about competition within the industry.

Nikon has announced that its beautiful new corporate headquarters in Tokyo is complete.

Profoto's varied lighting solutions are designed primarily for professionals, especially studio photographers. Hence, the company also offers comprehensive business and workflow services for working pros, including its ProStudio software that promises to shorten the time from capture to output.

DJI is under increasing scrutiny from lawmakers and is facing a potential ban in the United States. Some drone enthusiasts are casting a suspicious eye toward DJI's competitors, including American drone maker, Skydio.

The latest CIPA results show that May was an excellent and interesting month for the photography industry. For the January through May period, camera sales hit their highest levels in the past three years.

After it was on the receiving end of immense online blowback in response to its use of stock photos as "samples" for its S9 camera, Panasonic launched an internal inquiry to find and remove any other such cases from its Japanese website.

Google has announced a surprise event, where some suspect the company will announce the new Pixel 9.

Arri Japan emailed its customers informing them of a temporary closure of its Japan-based offices and service operations, citing a weak yen against the euro.

Sony announced that Reuters selected Alpha and XDCAM cameras along with G Master lenses and Sony audio gear to equip its video journalists around the world.

DJI may have been right to be worried about its potential ban moving through the United States legislation as the Countering CCP Drone Act narrowly passed through the House of Representatives this past week.

After breaking $5 billion in revenue in a single quarter for the first time last year, Adobe has followed up with two straight quarters of record revenue and achieved most recently $5.31 billion in Q2.

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.