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Winners and losers of the Shutterfly/Lifetouch combination News Opinion 

Winners and losers of the Shutterfly/Lifetouch combination

The photo industry’s biggest merger in years has brought up rampant speculation among competitors, vendors and gadflies about the Shutterfly acquisition of Lifetouch. Details of the combination are still coming out, but it’s clear there is a short-term positive reception. Shutterfly’s stock rose to more than $70 a share, after being mired in the mid-$50 range for months. From a... Read More
Opinion: Xerox acquisition positions Fuji Xerox for not just survival, but growth Opinion 

Opinion: Xerox acquisition positions Fuji Xerox for not just survival, but growth

The merger announcement between Xerox and Fuji Xerox last week started the next chapter of the nearly six decades-long joint venture between U.S.-based Xerox and Japan’s Fujifilm. The merger had been long expected, and had been accelerated with the insistence of shareholder activists Carl Icahn and Darwin Deason. The combination is expected to improve the profitability and competitiveness of Fuji... Read More
Lifetouch purchase brings immediate benefits to Shutterfly News Opinion 

Lifetouch purchase brings immediate benefits to Shutterfly

Shutterfly shares jumped nearly 20% last night on the news the leading photo-personalization company was buying the billion-dollar company in the school photography space, Lifetouch National School Studios for $825 million, as well as the report the company beat its fourth-quarter forecasts. The deal includes Lifetouch’s school business, as well as it’s ancillary businesses of church directories, preschool photography, JC Penney retail... Read More
Snap to let users share Stories outside Snapchat app News Opinion 

Snap to let users share Stories outside Snapchat app

MarketingLand reports Snap will soon let non-users view Snapchat Stories on the web. Users will be able to share a limited number oif links to view Snapchat Official Stories, Our Stories and Search Stories on Snapchat’s site, which is a rebuke to Snap’s app-first strategy. “The new Story-sharing feature will be limited to some of the public Stories appearing in Snapchat’s redesigned Discover... Read More
Hardware in crisis: Can camera companies compete? News Opinion 

Hardware in crisis: Can camera companies compete?

The hardgoods part of the photo industry has always been highly competitive and price sensitive. Accessory sales prop up profit margins, as dealers rely on photo printing, lenses, bags, tripods, filters and other add-ons to build comfortable margins. It’s not unusual for an independent dealer to make $50 or $60 on the sale of a $1,200 DSLR body. This is... Read More
Worker-owned businesses taking over for retiring baby boomers, says Fast Company News Opinion 

Worker-owned businesses taking over for retiring baby boomers, says Fast Company

A recent article in Fast Company will be of interest to baby-boomer business owners who are looking to pass on their operations. In the past year, we’ve had high-visibility photo retailers like University Camera and Chris’ Camera Center announced they will shut down their operations after efforts to turn up buyers were naught. In the article, “Can The Wave Of... Read More
Daily Beast looks inside Snapchat data and culture: It’s not pretty News Opinion 

Daily Beast looks inside Snapchat data and culture: It’s not pretty

Daily Beast writer Taylor Lorenz disclosed never-reported information about the culture of secrecy permeating Snap Inc. and the data regarding key features of its flagship app, Snapchat. Among the revelations: “The company operates in secret “need to know”-type bubbles, where many in sales, content, or non-engineering roles feel kept in the dark.” Employees routinely find out about Snap products and services in... Read More
Wall Street likes Kodak’s move into cryptocurrency News Opinion 

Wall Street likes Kodak’s move into cryptocurrency

Shares of Eastman Kodak Co. nearly doubled yesterday when the Rochester, N.Y., company announced a cryptocurrency aimed at photographers, called KodakCoin. While some companies have added “blockchain” as a supposed gimmick to boost share price – like this Long Island Ice Tea brand – but the press coverage has been remarkably forgiving. Kodak is getting notice because digital rights management (DRM)... Read More
GoPro confirms layoffs, shuts down Karma drone division News Opinion Press releases 

GoPro confirms layoffs, shuts down Karma drone division

Action-camera leader GoPro confirmed in a press release plans to reduce headcount by about 300 with the closure of its Karma drone division. Restructuring costs will be $23-$33 million – about half of which will be severance – recognized in the first quarter. The company also reported a price reduction in its HERO5 Black camera for the holidays significantly increased... Read More
Canon needs to boost innovation, CEO tells Nikkei Asian Review News Opinion 

Canon needs to boost innovation, CEO tells Nikkei Asian Review

Canon chairman and CEO Fujio Mitarai told the Nikkei Asian Review the company will look beyond cameras and copiers for growth, and pledged to boost innovation efforts. The company will establish an “innovation center” in Silicon Valley, but left unsaid is how much of that effort will be spent on imaging. Most of the recent acquisitions have been in health... Read More
GoPro drone woes leading to 200-300 job cuts, says TechCrunch News Opinion 

GoPro drone woes leading to 200-300 job cuts, says TechCrunch

The karma has been bad in GoPro‘s drone division, which may see cuts of 200-300 employees this week, according to a report in TechCrunch. The sobering news follows a series of high-profile setbacks for the action-camera maker, who has struggled to diversify into drones, VR and entertainment. Its Karma quadcopter drone was pulled from the market after technical problems arose,... Read More
Five ways to boost your photo business in 2018 Feature Opinion 

Five ways to boost your photo business in 2018

Every new year brings new opportunities and new challenges and 2018 is shaping up to be no different. After the hustle and bustle of the all-important fourth quarter, many photo businesses use this time to reflect and to plan. Let’s take a look at some practical ideas: Know your value – Many business owners think they know their business, but... Read More
Scanning leader ScanMyPhotos takes on Epson over advertising claims News Opinion 

Scanning leader ScanMyPhotos takes on Epson over advertising claims

A native New Yorker, ScanMyPhotos CEO Mitch Goldstone has never shied away from a fight. He’s taken on competitors big – like Visa/Mastercard – and small in his 30-year photo-industry entrepreneur career. His latest crusade is against Epson America, which positioned its FastFoto FF-640  desktop scanner as a home solution equivalent to ScanMyPhotos’ own industrial scanners. The FastFoto FF-640 is... Read More
Neomodern featured on Cheddar News Opinion 

Neomodern featured on Cheddar

Neomodern, the San Francisco-based concierge retail photo-printing service, had another media win on Dec. 27, with a nearly 10-minute long feature interview on the Cheddar news network. The interview included a review of the highly personalized printing and framing process used by the store, along with the description of the business model. Michael Rubin, CEO, stressed the importance of printing... Read More
Top 10 Dead Pixels Society photo industry stories of 2017 News Opinion 

Top 10 Dead Pixels Society photo industry stories of 2017

It’s been a busy year for the Dead Pixels Society, with the launching of the full blog and a weekly newsletter. Here are the top 10 stories from the website, based on hits and shares: 10) Costco gets into business printing Costco has added business printing to its online Photo Center. The company notified customers of the addition of business... Read More