Industry

Illustration of people running off a cliff chasing a dollar symbol tied to a string hanging from Pinocchio's nose. The background is blue, and the "Getty Images" watermark is present on the left side.

$4 Billion Offer for Getty Images Was an Illegal ‘Pump and Dump’ Scheme

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.

Two wooden shelves each displaying three cameras. The upper shelf holds a green, red, and blue camera, while the lower shelf also holds a green, red, and blue camera. Each camera is marked with the "LUMIX" brand and is equipped with a large lens. A plant is partially visible on the left side.

Panasonic Used Stock Photos in its Japanese Lumix S9 Marketing

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.

The Nikon logo, featuring stylized white text against a yellow background, is flanked by a pair of vivid, fiery orange wings on a black background.

A Phoenix Rising From the Ashes: How Nikon Found Its Way Back to Profit

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.

A sketch showing a person standing atop a building, observing a sprawling cityscape with binoculars. the style is dynamic, with rough pencil lines capturing urban details and a few flying vehicles.

New Media, New Rules: Reimagining Photojournalism

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?

Black and white image showing the words "Nikon" and "RED" in bold white font, separated by a vertical line. The background appears to be a close-up of a textured fabric surface.

Nikon Bought RED for Just $85M

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.

Close-up of the adobe logo with a stylized "a" in orange above the word "adobe" in white, affixed to a textured dark gray wall.

Adobe Says AI is the ‘New Digital Camera’

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.

Black and white image showing the words "Nikon" and "RED" in bold white font, separated by a vertical line. The background appears to be a close-up of a textured fabric surface.

Nikon Is Officially RED’s New Owner

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.

Mark Weir

A Tribute to an Incredible Mind: Sony’s Mark Weir

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.

Los Angeles Times layoffs

The L.A. Times Lays Off At Least 115 Newsroom Staffers

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.

Adobe Film Fund

Adobe Commits $6 Million to Support Underrepresented Video Creators

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.

Map Camera's best-selling cameras of 2023

Nikon Tops Another Sales Chart for 2023

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.