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Michaels reports disappointing third-quarter results Earnings reports News 

Michaels reports disappointing third-quarter results

The Michaels Companies Inc. reported net sales were $1,222.0 million in the third quarter of fiscal 2019 compared to $1,274.1 million in the third quarter of fiscal 2018. The decrease in net sales was primarily due to a 2.2% decrease in comparable store sales, the closure of Pat Catan’s stores during the fourth quarter of 2018, and a decrease in... Read More
Apple buys U.K. startup to improve iPhone picture taking: Bloomberg Acquisitions News 

Apple buys U.K. startup to improve iPhone picture taking: Bloomberg

Apple Inc. acquired a U.K.-based startup, named Spectral Edge Ltd., with technology that improves photos taken on smartphones, according to Mark Gurman, writing at Bloomberg. According to U.K. filings made public on Thursday, Apple corporate lawyer Peter Denwood was recently named a director of Cambridge-based Spectral Edge Ltd., while the startup’s other advisers and board members were terminated. According to the... Read More
Worldwide large-format printer shipments down slightly, according to IDC Market research News 

Worldwide large-format printer shipments down slightly, according to IDC

The worldwide large format printer market decreased modestly in the third quarter of 2019 with shipments declining by roughly 0.5% compared to the previous quarter, according to the International Data Corporation (IDC) Worldwide Quarterly Large Format Printer Tracker. “While the large format printer market has been soft, there were some surprising areas of growth when we get into the breakdown by... Read More
Kodak Moments settles patent infringement action about panorama prints News 

Kodak Moments settles patent infringement action about panorama prints

Kodak Moments, a division of Kodak Alaris, said it settled a patent infringement lawsuit that it brought against Citizen Systems, DNP Imagingcomm and Dai Nippon Printing in the U.S. District Court for the District of Delaware in August, 2018. The suit alleged certain printers sold or manufactured by these companies infringed Kodak Alaris’ panoramic printing patents. As a result of... Read More
Dreamstime releases proprietary AI tech to third parties News 

Dreamstime releases proprietary AI tech to third parties

Dreamstime, the world’s largest community in stock photography, with 27 million users and more than 118 million images, recently released its proprietary Artificial Intelligence technology (AI) to third party companies. Implemented on Dreamstime’s website in 2017, PhotoEye technology uses sophisticated algorithms to screen and optimize images and uses machine learning to constantly adjust parameters to improve its capabilities, the company... Read More
Nikon is cutting authorized repair shops News Opinion 

Nikon is cutting authorized repair shops

In a report on iFixit, Nikon Corp.  is ending its relationship with 15 Authorized Repair Station members by not renewing their agreements after March 31, 2020. In a November letter obtained by iFixit, Nikon stated: “The climate in which we do business has evolved, and Nikon Inc. must do the same.” Authorized service will be provided at its Melville, NY... Read More
MailPix personalized yoga mats featured on “The Today Show” News Press releases 

MailPix personalized yoga mats featured on “The Today Show”

Huntington Beach, CA – MailPix, the photo-printing, canvas and gifting site, announced its photo yoga mat was featured today, Dec. 10, on “The Today Show” as part of a segment on holiday gifts. During the segment, Jill Martin presented hosts Hoda Kotb and Maria Shriver with personalized yoga mats featuring their own images and inspirational quotes like “Stop asking why... Read More
Popular app maker VSCO acquires video company Rylo Acquisitions News 

Popular app maker VSCO acquires video company Rylo

Photo-sharing subscription service VSCO announced the acquisition of Rylo, a maker of a compact camera with powerful video stabilization technology. Terms weren’t disclosed, but published reports say Rylo will abandon the hardware business to focus on the video tech. Rylo had raised roughly $38 million in VC funding, reaching a valuation of $120.25 million with a $20 million Series B announced in October... Read More
Canon, Sony, Panasonic commit to photokina 2020 support Events News People on the Move 

Canon, Sony, Panasonic commit to photokina 2020 support

A delegation of the City of Cologne, Koelnmesse and the association of the photo industry (PIV)  recently visited Tokyo, Japan. The Mayor of Cologne, Henriette Reker, the President and Chief Executive Officer of Koelnmesse, Gerald Böse, and the Chairman of the PIV, Kai Hillebrandt, were warmly welcomed at a celebratory reception in the German Embassy in Tokyo by Ambassador Ina... Read More
Unique Photo opens photography superstore in Philadelphia’s Old City District News 

Unique Photo opens photography superstore in Philadelphia’s Old City District

New Jersey-based photography superstore Unique Photo announced the opening of a four-story superstore in the historic Old City District of Philadelphia. The 9,600-square-foot location opened its doors on Nov 29. Located at 28 South Street, the superstore features four floors of retail space, a multi-media learning center, professional photo lab and studio space. Additionally, the store is an Apple authorized service... Read More
App updates, people on the move and more for the week through Dec. 4 News 

App updates, people on the move and more for the week through Dec. 4

Rumours and interesting items from around the internet Shutterfly sent improper arbitration email, says class-action suit, via Law360. Just a filter doesn’t cut it anymore,’ says Glo Up Club founder, via Yahoo Finance Pro photography news It’s crunch time for Seattle-based photo giant Getty Images, and for photographers, via the Seattle Times: “With its vast archive of more than 350... Read More
Carl Icahn publishes letter blasting HP for “recalcitrance” in rejected Xerox offer Acquisitions News Opinion 

Carl Icahn publishes letter blasting HP for “recalcitrance” in rejected Xerox offer

Activist investor Carl Icahn posted an open letter to HP shareholders today, criticizing the HP Inc. board for rejecting Xerox Corp.‘s merger overtures. Icahn, who respectively owns about 10.85% of Xerox and 4.24% of HP, stated HP is going down the path forged by former foe Eastman Kodak Co., which is often criticized for wasting resources on a series of failed... Read More
Holiday weekend sales top records Market research News 

Holiday weekend sales top records

A record 189.6 million U.S. consumers shopped from Thanksgiving Day through Cyber Monday this year, an increase of 14 percent over last year’s 165.8 million, according to the National Retail Federation and Prosper Insights & Analytics. Shoppers spent an average $361.90 on holiday items over the five-day period, up 16 percent from $313.29 during the same period last year, the... Read More
Small world: Shutterfly CEO has connection to former Shutterfly CEO News Opinion People on the Move 

Small world: Shutterfly CEO has connection to former Shutterfly CEO

Newly private photo personalization leader Shutterfly Inc. named a new CEO last week, a move that surprised many industry watchers. Ryan O’Hara had only come on board in June, 2019, succeeding in an orderly manner the departing Christopher North. North’s departure was announced in February, and the company had three months of transition to O’Hara, during which the company announced... Read More
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