Xerox Corp. announced it has begun notifying employees of its previously announced workforce reduction, as outlined in its “Revinvention” plan. The Rochester Democrat and Chronicle estimates a 15% staff reduction among its 23,000 global workforce. As shared last month, Xerox is implementing a new operating model and streamlining our organizational structure to align with the evolving needs of our clients and...
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WhiteWall is PhotoDeck’s new international partner
Leading Europe-based photo lab WhiteWall announced a new partnership with PhotoDeck, a European provider of webshop solutions for photographers. The partnership enables photographers to access the WhiteWall range online via PhotoDeck with immediate effect. Photographs can be ordered and sold directly as high-quality prints, laminations, and framed pictures in award-winning WhiteWall quality. According to a press release, the objective of...
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Best Buy reports fourth-quarter sales declined
Best Buy Co., Inc. announced results for the 14-week fourth quarter ended Feb. 3, 2024 (“Q4 FY24”), as compared to the 13-week fourth quarter ended Jan. 28, 2023 (“Q4 FY23”). Comparable sales were down 8%. Q4 FY24 Q4 FY23 FY24 FY23 (14 weeks) (13 weeks) (53 weeks) (52 weeks) Revenue ($ in millions) Enterprise $ 14,646 $ 14,735 $ 43,452...
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Leica Camera claims record high sales of E 485 million
The Leica Camera Group said it boosted sales to record levels in the financial year 2022/2023 (April 1, 2022 to March 31, 2023), with sales climbing to 485 million euros in comparison with the previous year’s figure (444 million euros) and, with a significant increase of 9 per cent, achieved a new record high. This is the third record year...
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NRF Economist says inflation, interest rates remain key
Inflation and the Federal Reserve’s efforts to bring it under control will continue to play a major role in the economy this year, said Jack Kleinhenz, chief economist, National Retail Federation. “With the U.S. economy’s strength resting heavily on household spending, all eyes are on the consumer – and how consumers will respond the next few months to the Federal...
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Perfect Corp. subscription revenues boost sales
AI/AR imaging software companies Perfect Corp. announced its unaudited financial results for the three months ended Dec. 31, 2023 and the full year ended Dec. 31, 2023. Total revenues were $14.1 million for the three months ended Dec. 31, 2023, compared to $11.1 million in the same period of 2022, an increase of 27.6%. Full year revenue was $53.5 million...
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Lightricks launches generative AI film platform
AI-based imaging company Lightricks – which publishes the popular photo and video editing apps Facetune, Photoleap, and Videoleap – announced today the upcoming launch of LTX Studio, a generative AI-driven editing platform for video production and filmmaking. The public is invited to join the waitlist to access and be among the first to experience following the March 27 launch event. Lightricks...
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Beamr Imaging launches cloud video service on AWS
Beamr Imaging Ltd., known for its video optimization technology, has announced the release of its new Beamr Cloud Video Software as a Service (SaaS). The service is designed to address the growing complexities and costs of video processing in the digital age, where video content generation is at an all-time high due to the proliferation of devices like smartphones and...
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Mastering SEO Alchemy: Proven Strategies for Converting with Jesse Ringer
Unlock the secrets of SEO mastery with the guidance of Jesse Ringer, the founder of Method and Metric, based in British Columbia. This episode navigates the world of search engine optimization (SEO), with Ringer sharing his strategies that transform everyday websites into powerful customer magnets. He confronts the outdated practices that plague the internet, like keyword stuffing, and charts a...
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Nikon Z9 to be implemented as part of NASA’s Artemis moon mission
Nikon Inc. has entered into a Space Act agreement with the National Aeronautics and Space Administration (NASA) to support the agency’s Artemis campaign with the Handheld Universal Lunar Camera (HULC) development. The Nikon Z 9, Nikon’s mirrorless full-frame flagship, as implemented in the HULC system, will be the handheld camera for the upcoming Artemis III mission which will be used...
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Kingston Digital introduces Canvas React V60 SD Card
Kingston Digital, Inc., the flash memory affiliate of Kingston Technology Company, Inc., announced it is shipping the Canvas React Plus V60 SD memory card. The latest addition expands the Canvas React family of memory cards tailored for UHS-II photography enthusiasts. The new V60 SD card offers speeds up to 280MB/s and storage capacities reaching 1TB. In addition to its impressive speeds, the Canvas...
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London’s Lapse closes $30 million Series A round for Gen-Z friendly photo sharing network
Friends-focused photo-sharing app Lapse, based in London, has closed an oversubscribed $30 million Series A round. Co-led by Greylock and DST Global Partners, preeminent investors in the Internet technology sector, existing investors GV (Google Ventures), Octopus Ventures, and Speedinvest returned to participate alongside high-profile angel investors Naveen Gavini (former Chief Product Officer at Pinterest), Soleio (designer and investor), Nima Khajehnouri (former VP of...
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Photoroom secures $43M in Series B Funding, launches AI photo-editing features forbusinesses
Paris, France-based Photoroom, the popular AI photo editor maker, has successfully closed a $43 million Series B funding round. The funding round, led by previous investor, Balderton and new investor, Aglaé, with YCombinator participating, brings Photoroom’s total funding to $64 million. “Photoroom shattered all expectations,” says Cameron Curtis, EVP of Worldwide Digital Marketing at Warner Bros. “Its unparalleled ease of use...
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Saramonic unveils Blink500 B2+ wireless mic system
Saramonic released the Blink500 B2+ wireless microphone system, equipped with USB-C, Lightning, 3.5mm TRS, and 3.5mm TRRS connectors. The 4-in-1 Blink500 B2+ boasts wide compatibility with most shooting devices. The Blink500 B2+, an upgraded version of the Blink500 B2, allows dual-device connectivity with one receiver at the same time. The company says this is ideal for live streamers, content creators,...
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ZEISS introduces the Nano Prime high-speed cine lenses for mirrorless full frame cameras
ZEISS Consumer Products launched ZEISS Nano Primes, the first high-speed (T1.5 throughout) cine lenses made specifically for mirrorless full-frame cameras, initially available with Sony E-mount. These primes offer a pleasing, versatile look that is adaptable for an extensive range of shooting situations and a compact, lightweight design that makes them easy to use on any set or location. Available in...
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