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Activist investor Carl Icahn backs Xerox in bid for HP Investments News 

Activist investor Carl Icahn backs Xerox in bid for HP

Activist investor Carl Icahn, fresh from spoiling the merger between Xerox Corp. and Fujifilm, is now backing Xerox in a bid for HP Inc., according to an interview with The Wall Street Journal. The article states Icahn owns a 10.6% stake in Xerox and a previously undisclosed 4.24% position in HP worth roughly $1.2 billion. “I think a combination is... Read More
CEWE on track to reach targets after solid third quarter Earnings reports News 

CEWE on track to reach targets after solid third quarter

Europe’s leading photofinisher CEWE Stiftung & Co. KGaA announced third-quarter sales increased by 8.9% to 423.2 million euros, with strong growth in its key CEWE Photobook category. The company narrowed its third-quarter loss to -0.6 million euros,  73% improvement from the 2.4 million euros quarterly loss the prior year. “The first three quarters exceeded our expectations, since our core business segment... Read More
State of New York accuses B&H Photo of dodging millions in tax obligations News 

State of New York accuses B&H Photo of dodging millions in tax obligations

The Attorney General of New York, Letitia James, filed a lawsuit charging landmark New York City retailer, B&H Photo and Video, has intentionally underpaid sales taxes on millions of dollars in the sale of cameras and other products. The retailer, in a statement, refutes the claim. The lawsuit claims B&H Photo, over the course of 13 years, failed to pay $7... Read More
Photo Finale announces major release update News Updates 

Photo Finale announces major release update

Photo Finale announced a major update to Photo Finale 14 and a host of customization features. Details below: PF 14 General Features & Fixes:  Built-in rotation tool on the prints page, allows customers to rotate photos in 90-degree increments.  The photo book builder now allows customers to select how many photo spots to initially put on each page, or “mix... Read More
Industry news, app updates and more for the week of Nov. 8 Earnings reports New Products News Promotions SDKs and APIs Updates 

Industry news, app updates and more for the week of Nov. 8

Rumours and interesting items from around the internet Canva has partnered with US marketing platform HubSpot to making designing and distributing images easier, via BusinessInsider Photo Book Girl gave a positive review for Mixbook’s new premium lustre layflat photo book. Tom’s Guide reviwer Sally Weiner Grotta was not impressed with the photo books from Walmart Photos (“Walmart Photos Review: Low Prices, Low Quality”) and from CVS Photos (“CVS Photo Review: Good for Prescriptions, Not... Read More
GFCrew adds media credentials to boost member access Feature News 

GFCrew adds media credentials to boost member access

A major challenge for many independent sports photographers is getting access to sidelines. Understandably, high-school athletic directors and youth sports leagues are careful who is on-field during games. At the very least, there are liability concerns. With everything else going before a sporting event, providing access passes to photographers is not a priority. That’s one reason why GFCrew, the new... Read More
Shutterfly targets diversity in new holiday campaign Marketing News Opinion Promotions 

Shutterfly targets diversity in new holiday campaign

Photo personalization leader Shutterfly launched on Monday its first advertising campaign in three years, according to Mediapost.com. The “Anything Flys” campaign emphasizes the importance of connecting with friends and family and encourages users to send cards for any reason, not just for the holidays. The campaign was created by Argonaut, a marketing agency with high-profile consumer goods company clients like... Read More
Nikon sees first-half net profit drop 77% on 13% revenue decline Earnings reports News 

Nikon sees first-half net profit drop 77% on 13% revenue decline

Nikon Corp. reported  its first-half net profit plunged 77.2 percent to 7.51 billion yen from 32.92 billion yen last year.  Operating profit for the period declined 42.9 percent to 17.50 billion yen from last year’s 30.64 billion yen. Revenue declined 13.3 percent to 291.05 billion yen from 335.75 billion yen a year ago. Looking ahead, for the fiscal year ending... Read More
GoPro third-quarter revenues drops 54% Earnings reports News 

GoPro third-quarter revenues drops 54%

GoPro, Inc. announced financial results for its third quarter ended Sept. 30, 2019, with third-quarter revenue dropping 54% to $131 million, compared to $286 million the year prior. The quarter’s net loss was $75 million, compared to a net loss of $27.1 million last year. “Third-quarter results are above the guidance provided on Oct. 2,” says Nicholas Woodman, founder and... Read More
Kodak reports third-quarter loss of $5 million, but film sales are up Earnings reports News Opinion 

Kodak reports third-quarter loss of $5 million, but film sales are up

Eastman Kodak Co. reported third-quarter financial results of a $5 million net loss on revenues of $315 million and growth in key print and film product areas. The quarter ended Sept. 30, 2019. In the prior year, the company had $19 million in next earnings on sales of $329 million. The company said revenues from the film business grew 21 percent... Read More
StreamGear launches VidiMo, a combo platform for smartphones and cameras News 

StreamGear launches VidiMo, a combo platform for smartphones and cameras

Streaming solutions startup StreamGear Inc. has launched VidiMo, a hardware-and-app combination that the company claims turns a smartphone and external video source into a full-fledged, virtual video production and transmission facility. The VidiMo – meaning “Video director on Mobile” – system enables a single person with a smartphone and a video camera to produce multi-source, television-style shows that can be streamed live,... Read More
Reuters: Walgreens considering plan to go private News Opinion 

Reuters: Walgreens considering plan to go private

Reuters reports Walgreens Boots Alliance Inc. has explored the option to go private following private equity interest in the U.S drug store chain, which has a market value of more than $55 billion, citing unnamed sources. In recent months, Walgreens has held preliminary discussions with some of the world’s largest private equity firms about putting together what would be the... Read More
Breaking: Xerox considering bid for HP Acquisitions News Opinion 

Breaking: Xerox considering bid for HP

The Wall Street Journal reports  Xerox Corp., fresh off of its divestiture of Fuji Xerox, is now considering using part of its $2.3 billion proceeds to buy rival HP Inc. Xerox is considering making a cash-and-stock offer for HP, which has a market value of about $27 billion, according to people familiar with the matter. The copier maker’s board discussed... Read More
South Africa’s Photo2Print launches Smart Designer (.ai) powered by Taopix AI News 

South Africa’s Photo2Print launches Smart Designer (.ai) powered by Taopix AI

Photo2Print, a division of Remata n South Africa has launched Smart Designer (.ai) powered by Taopix AI, according to a press release. “We have been using Taopix since 2014, and our experience with them has always been seamless,” says Jana Smit, software and product manager, Photo2Print. “We value that Taopix always keeps up with technology and are constantly innovating new... Read More
Leica Camera announces 47 MP Leica SL2, a successor to the Leica SL News 

Leica Camera announces 47 MP Leica SL2, a successor to the Leica SL

Leica Camera introduced the Leica SL2, a 47 MP full-frame mirrorless camera building on the success of its Leica SL. The Leica SL2 features all-metal construction, leather wrap, simplified three-button control layout and new in-body image stabilization. The Leica SL2 has kept the same size than its predecessor and improved body design paired with increased IP54 certification durability and a... Read More
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