Industry

Entire Olympus Board Resigns After Picking New President and Chairman

Former Olympus CEO Michael Woodford has gotten his wish: the entire Olympus board resigned this week in the aftermath of the company's epic financial scandal and stock tumble. They did, however, pick a new president and chairman before handing in their letters of resignation. Hiroyuki Sasa from the company's medical equipment marketing division was picked for president, while banker Yasuyuki Kimoto has been chosen as chairman. The changes are expected to be finalized at an April 20th …

Nikon to Stop Making Parts Available to Unauthorized Camera Repair Shops

In mid-January, Nikon sent an letter out to independent camera repair technicians across the US, informing them that "it will no longer make repair parts available for purchase by repair facilities that have not been authorized by Nikon Inc. to perform camera repairs." After July 13th, 2012, unauthorized repair shops will no longer be able to repair Nikon cameras -- a huge part of their business -- with official manufacturer-approved parts. iFixit writes, …

Olympus Ex-President Kikukawa Among Seven Arrested for Fraud

An update to the financial scandal over at Olympus, which has quieted down quite a bit in recent days: former Chairman and President Tsuyoshi Kikukawa has been arrested with six other people (including three former executives) for "suspected violation of Japan’s Financial Instruments and Exchange Act". As you might remember, Kikukawa replaced ex-CEO Michael Woodford after Woodford's abrupt dismissal and stated that the move was because Woodford -- who's from the UK -- didn't fit into the …

Fatality: Apple Asking for Permission to Punch Kodak While Down

It wasn't too long ago that Kodak filed multiple patent infringement lawsuits against Apple in a scramble for life-giving cash, but now the tables have turned. Less than a month after Kodak filed for bankruptcy and announced the end of its camera business, Apple is reportedly in the process of asking the court for permission to sue bankrupt Kodak for infringing on Apple's patents in its printers, digital cameras, and digital picture frames. This back and forth IP fight is one that Kodak might …

“When I Borrow Someone’s Car for a Couple of Hours I Slip Them Fifty Quid”

Last week we reported on a dispute between photographer Jonathan Kent and The Telegraph over the newspaper's "use first and ask/pay later" policy. After contacting the paper over an image of his that was used without permission, Kent received a response from picture editor Matthew Fearn, who informed him stating that their policy is standard and due to the "ever-shifting nature of news". In response, Kent wrote up a tongue-in-cheek letter likening the paper's actions to borrowing a car for a …

Kodak to Kill Off Its Camera Business

Shocking news: Kodak, the company that invented the first digital camera back in 1975, announced today that it is pulling out of the camera market entirely. The phasing out of digital cameras, pocket video cameras, and digital picture frames will likely happen by the end of June. Instead, the company will be focusing on licensing out its patents and brand name (much like Polaroid does), and on inkjet photo printing. Although Kodak wasn't a big player in the digital camera space, it was once a …

Adobe Creative Cloud to Offer CS6, LR4, and 20GB Storage for $50/Month

Adobe's cloud-based subscription program, called Creative Cloud, now has a price tag: $50/month with a minimum one-year agreement. Subscribing will get you access to the latest version of Adobe's popular programs (e.g. CS6 and Lightroom 4) without the pain of shelling out big bucks for buying the boxed version and subsequent upgrades. In addition to receiving updates to the programs as soon as they're released, you'll also be given 20GB of cloud storage that can be used for syncing your work.

Sac Bee Photographer Fired After More Manipulations Discovered

Last week we reported that the Sacramento Bee had suspended one of its photographers for splicing together a photo of egrets. After some further investigation into Bryan Patrick's body of work, the newspaper discovered two more photos that had been Photoshopped. It immediately fired Patrick and published a notice: …

Kodak Trying To Get Its Name Removed From Kodak Theatre

Kodak Theatre, the famous theater on Hollywood Boulevard that hosts the Academy Awards, may soon have a different name. As part of its recent bankruptcy filing, Kodak is now trying to get out of the 20-year, $75-million-dollar naming rights contract it signed back in 2000. The theatre's about page states, …

3,000 Photos Are Uploaded Every Second to Facebook

Facebook officially filed to become a publicly traded company today and, in doing so, spilled the beans on many of its internal figures and statistics that are normally under wraps. A crazy fact that emerged is that an average of 250 million photographs are uploaded to the service every day. That's equal to 10.4 million per hour, 174,000 per minute, or 3,000 photographs per second. In terms of storage, the photos and videos hosted by the service take up 100 petabytes, or 100 million gigabytes.

This is Lady Gaga’s Photo Release Form

Early in 2011, there was a brouhaha after newspaper photographer Jay Westcott complained about Lady Gaga's photo release form given to photographers attending her concerts. PDN characterized the story as a "fame monster gobbling up photographers’ copyrights". What you see above is a copy of the actual release form given at concerts. Apparently contracts like this one are pretty standard these days.

Canon Sales Fall Short of Expectations, Sigma Founder Passes Away

Canon's president Tsuneji Uchida announced today that he will be stepping down to pave way for a younger management team as the company fell short of expectations for the second straight year. Canon's stock price dropped 19% last year while Nikon's grew 4%. The total number of Canon cameras sold dropped 4% last year, likely a result of both a shift away from consumer cameras and the shortages caused by Japan's earthquake and Thailand's flooding.

Sony Looking to Buy 20-30% of Olympus

Crippled by its recent financial scandal, Olympus is in need of a bailout and has been open to the idea of forming a strategic alliance with other companies. The latest news is that Sony is on the brink of acquiring a 20-30% stake in the beleaguered medical device and camera company, a sizable increase from the 0.03% it currently owns. The alliance would combine Sony's expertise in making camera sensors with Olympus' expertise in medical devices. Fujifilm has also been named as a company that's …

Google to Shutter Its Photo Editor Picnik

To keep itself lean and focused, Google is planning to do some spring cleaning and shut down a number of non-critical projects and services that don't attract enough attention to keep alive. One of the services marked for termination is Picnik, the online photo editor that Google acquired back in 2010. The service will remain online until April 19, after which the team will be folded into the Google+ team.

Eye-Fi Says New SD Association Wireless Standard Violates Its IP

Perhaps lost amidst the excitement over new cameras at CES 2012 earlier this month was the SD Association's unveiling of a new Wi-Fi data transfer standard. This new specification should make it easier for other memory card manufacturers to jump into the Wi-Fi-capable memory card game -- an arena currently dominated by Eye-Fi (and more recently Toshiba).

Kodak May Leave Photography to Focus On Printing, Film Business Still Profitable

Bloomberg writes that Kodak's bankruptcy announcement yesterday was simply another step in CEO Antonio Perez's grand plan to sell off the company's photography divisions and patents in order to focus on selling digital printers and ink. At the same time, the company has been quick to reaffirm its dedication to producing film. Kodak marketing director Audrey Jonckheer was quoted by BJP today as saying, …

Kodak Saw The Future But Couldn’t Avoid Its Own

Here's a video that's fascinating in light of Kodak's bankruptcy announcement today. It was created back in 2006 for the company by partners+napier, and was shown at the All Things Digital Conference in California before Kodak CEO Antonio Perez took the stage to talk about the company's digital transformation. The predictions made in the video are seemingly prophetic, accurately describing the current landscape of digital and mobile photography. It's too bad that Kodak couldn't right its ship, …

Kodak Files For Chapter 11 Bankruptcy

Well, the rumors were true: today the iconic photography company Kodak announced that it has filed for Chapter 11 bankruptcy protection. What this means is that the company is given permission to continue its normal operations as it struggles to restructure and transform into a sustainable business.

Is HDR Acceptable in Photojournalism?

The Washington Post raised some eyebrows last Friday after running an uber-saturated front page photo with the caption stating that it was "a composite created by taking several photos and combining them with computer software to transcend the visual limitations of standard photography." After emailing the photo editor, Poynter learned that the image was simply an HDR photograph. While it's a pretty common technique these days, some believe that it has no place in photojournalism, …

SanDisk and Lexar Not Planning to Jump Into the XQD Game Anytime Soon

At the end of last year a new format called XQD was unveiled as the eventual replacement for CompactFlash. About a month later at CES 2012, Sony announced the first XQD cards. If you're not sold on the new format, here's some good news for you: Lexar and SanDisk have both announced that they have no plans to release XQD cards in the near future and that they're both committed to the CompactFlash format (a bit strange though, given that SanDisk was one of the companies that announced XQD in …

Kodak Files New Lawsuits Against Apple and HTC Over Photo Patents

Kodak might be on its deathbed, but that's not stopping the company from launching a new volley of lawsuits over patent infringements. Already trying to milk $1 billion from Apple, the company has filed new lawsuits against smartphone makers Apple and HTC, alleging that Apple violated four of its patents and HTC five. The lawsuits center around technology for transferring photos on and off devices. While today's lawsuits might simply be a creative marketing effort in Kodak's attempt to sell off …

Kodak Threatened with Stock Delisting as It Prepares to File for Bankruptcy

Kodak was warned by the New York Stock Exchange yesterday that its stock will be delisted if its price remains under $1 for the next six months. The stock has had an average closing price of below $1 for over 30 consecutive days now, and is no longer compliant with the NYSE's requirement for minimum share price. Sadly, the company might not last another six months: the Wall Street Journal reported today that the company is now preparing to file for bankruptcy, which will likely happen in the …

Shocking: North Korea Doctored Photo of Kim Jong-il’s Funeral

News photo agencies EPA, AFP, and Reuters have all issued kill orders for a photo of Kim Jong-il's funeral procession released by the Korean Central News Agency, the state news agency of North Korea. The photo (above at bottom) raised red flags after a comparison with a Kyodo News photo taken just seconds earlier revealed that a number of people had vanished from the scene. The New York Times writes, …

Kodak Sells Off Its Gelatin Business

Kodak is burning through $70 million every month and desperately trying to stay alive by selling off divisions that other companies are willing to buy. After selling off its sensor business last month, the company announced yesterday that it has agreed to sell off its gelatin business (called) Eastman Gelatine) to Rousselot, the world's leader gelatin producer. Gelatin is one of the main components used in photographic film and paper, so this certainly can't be good news for Kodak's future in …

More Than One Quarter of All Photos Now Taken with Smartphones

Smartphones are taking huge bites out of the compact camera market. A recent study by market research company NPD found that the percent of photographs taken with a smartphone has increased from 17% to 27% over the past year, while the share of photos taken with a dedicated camera has dropped from 52% to 44%. Senior imaging analyst Liz Cutting says, …

Wedding Photographers: Be Careful When Using Copyrighted Music

Wedding photographer Joe Simon learned about copyright the hard way recently after his video of Tony Romo's wedding went viral on YouTube. He had used the song "Fix You" by Coldplay without permission, and was forced to take down the video and pay a settlement to avoid a costly lawsuit. David Walker of Photo District News has an illuminating article on the issue: …

Olympus Offices and Homes Raided in Accounting Scandal Investigation

Black-suited investigators raided and searched 20 different sites today over Olympus' ongoing accounting scandal. Among the sites searched were the company's headquarters, the office buildings of subsidiary companies, and the homes of executives involved in the fraud. The company is also looking to raise cash by issuing $1.3 billion in new shares. Sony, Fujifilm, Panasonic, Samsung, and Hoya have been named as companies who are potentially interested in snapping up a piece of Olympus.

New Campaign Seeks to Make Metadata Permanent

EXIF data embedded in an image file can shed quite a bit of information about a photo, including how it was created and the owner of the copyright. It's useful, but can be easily stripped away. A new consortium led by three organizations (IPTC, 4A's, and ANA) is pushing to make metadata permanent.

Fujifilm May Be In The Hunt for Olympus

Olympus' stock price has been recovering quite nicely after an internal probe found no evidence of yakuza involvement (though they did slam upper management as "rotten"). However, rumors of possible takeover attempts persist. An article published by Bloomberg today reported that Fujifilm may be in the hunt for the beleaguered company: …

Where Photo Businesses Should Spend Their Advertising Dollars

As newspapers and magazines struggle to keep eyeballs from turning to the free world of the Web, more and more blogs are rising up to fill the niches once dominated by print. Despite the changing landscape, magazines are still able to command high advertising rates that blogs can't match (yet).

Instagram Picked by Apple as the “iPhone App of the Year”

Instagram is holding onto its place as the darling of the mobile photo sharing world. After adding a whopping two million new users in a month thanks to Thanksgiving and the release of the iPhone 4S, the app now has a shiny new trophy for its shelf: it has been selected as Apple's "iPhone App of the Year". The future is looking extremely bright for the 13-month-old, 7-man company: Goldman Sachs recently designated it as a potential IPO candidate and founder Kevin Systrom expects the membership …

Entire Olympus Board to Resign After Panel Issues Damning Report

It looks like Olympus ex-CEO Michael Woodford will be getting his wish after all as the Olympus scandal continues to unfold. A day after an independent panel issued a report that slammed the company's top management as being rotten (though at the same time finding no links to organized crime), the entire board of directors has indicated that it will step down. Perhaps confident that the company will soon be back on the right track, investors have pushed the stock price back up to over ¥1,100 …

Is This the End of Olympus Cameras?

Olympus has been in the photography game since introducing its first camera back in 1936, but its future as a major player is at risk now that the company is caught up in one of the largest corporate scandals Japan has ever seen. According to Reuters, the company is reviewing its business structure, and there is speculation that it may be forced to sell off assets to survive.

Scott Kelby Speaks Out About Adobe Photoshop’s Upgrade Policy Change

Last week we reported that starting with Adobe CS6, only people who own the previous major release of the software (i.e. CS5 and above) will be eligible for upgrade pricing. Needless to say, Photoshop users are't too happy about the changes, and now National Association of Photoshop Professionals president Scott Kelby is weighing in. In an open letter to Adobe, he writes, …

Kodak Trying to Sell Its Photo Sharing Service for “Hundreds of Millions”

Earlier this month, Kodak sold off its sensor business in an effort to raise some cash to stay alive and hopefully turn things around. Now the company is looking to get even leaner by selling off its online photo sharing business. Photo sharing? Kodak? Yup, it's called Kodak Gallery. While it's not surprising that the camera maker has online services, what might be surprising is the price they're looking to sell it for: according to the Wall Street Journal, it's in the "hundreds of millions of …

The Backstory to the Scandal That May Bring Down Olympus

The financial scandal rocking Olympus is one that the company may not survive. The company's stock price plunged another 17% today, and the Tokyo Stock Exchange has informed the company that it will be delisted if it doesn't meet a December 14th deadline for reporting earnings. The New York Times has a great piece on how Olympus got itself into this mess.

Olympus Admits to Using Acquisitions to Hide Decades of Losses, Stock Plunges

Olympus admitted today that its top executives used dubious acquisitions to sweep 20 years of massive losses under the carpet. At a press conference in Tokyo, new President Shuichi Takayama revealed that the 2008 acquisitions at the center of the company's ongoing scandal were used to cover-up failed securities investments dating back to the early 1990s. Michael Woodford, the ex-CEO who brought the acquisitions to light, says that further inquiry is needed and that the company leadership needs …

Kodak Sells Off Its Sensor Business to Add Some Cash to Its Wallet

After arriving late to the digital photography party, Kodak took another step away from the market yesterday by selling off its sensor business to CA-based firm Platinum Equity. The sale of Kodak Image Sensor Solutions (KISS) -- which includes the company's 263,000 square foot facility in Rochester -- will hopefully give Kodak the boost of cash it needs to avoid bankruptcy and turn into a healthy business. Kodak sensors are found in a number of popular cameras, including the Leica M9 and S2.