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NRF says Omicron could contribute to uncertainty, inflation but shutdowns are unlikely Market research News 

NRF says Omicron could contribute to uncertainty, inflation but shutdowns are unlikely

GaryPageau ,
The COVID-19 omicron variant will bring uncertainty to the economy in 2022 and could contribute to inflation, but is unlikely to cause widespread shutdowns or slowdowns, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “Even with the experience of the past two years, there is no model that can predict how the economy responds to a pandemic,” Kleinhenz said.... Read More
RRD receives unsolicited non-binding cash proposal for $11.00 per share Acquisitions News 

RRD receives unsolicited non-binding cash proposal for $11.00 per share

GaryPageau , , ,
Just when it looked like the bidding war for R.R. Donnelley & Sons Co. (RRD) was won by Chatham Asset Management, the company announced the receipt of an unsolicited non-binding “Alternative Acquisition Proposal” to acquire all of the outstanding shares of RRD’s common stock for $11.00 per share in cash, from an unnamed “Strategic Party”. Under the terms of the Chatham... Read More
Shutterfly reports ransomware attack; Lifetouch and BorrowLenses affected News 

Shutterfly reports ransomware attack; Lifetouch and BorrowLenses affected

GaryPageau , , ,
Personalized photography leader Shutterfly reported a ransomware attack on Sunday, Dec. 26. The incident was first made public by Bleeping Computer, which claimed a source identified the attackers as the Conti ransomware group. In a statement (reproduced below) Shutterfly said portions of the Lifetouch and BorrowLenses business were affected. They experienced interruptions with Groovebook, manufacturing offices, and some corporate systems as... Read More
Class action against Ancestry.com use of yearbooks continues News 

Class action against Ancestry.com use of yearbooks continues

GaryPageau
Legal Newsline reports a class-action lawsuit alleges genealogy site Ancestry.com is using photos of people without their permission. According to the report, Clifford Law Offices and Morgan & Morgan, representing Sergio Bonilla, filed their case on Dec. 14 in Chicago federal court, taking aim at Ancestry’s use of school yearbooks from the 20th century. “Ancestry has not received consent from, given... Read More
Fortune features Shutterfly CEO on supply chain News 

Fortune features Shutterfly CEO on supply chain

GaryPageau ,
U.S. business website Fortune featured a discussion with Shutterfly CEO Hilary Schneider about the company’s dominance of holiday the photo card market, supply chain issues, and its foray into NFT. Writer Jane Their wrote Shutterfly, which on average sends out 165 million holiday cards a year, has a broad experience with supply chain challenges. “We have a real advantage,” Schneider... Read More
Gooten announces $15 million capital raise, unveils new leadership Investments News People on the Move 

Gooten announces $15 million capital raise, unveils new leadership

GaryPageau
On-demand printer Gooten raised $15 million in combined primary equity and debt from Tech Pioneers Fund with participation from existing investors KEC Ventures and ff Venture Capital. The company is also announcing the promotion of Maddy Alcala to president of Gooten. Founded in 2015, Gooten operates a smart supply chain for brands looking to optimize their eCommerce business through print-on-demand manufacturing. Now with more... Read More
ACDSee releases new multi-document interface editing software Gemstone News Updates 

ACDSee releases new multi-document interface editing software Gemstone

GaryPageau
ACD Systems International has launched its new standalone Multi-Document Interface (MDI) image-editor, Gemstone. With a layered editor and up-to-date RAW support, the $79.99 Gemstone is set to offer users of the software a new element to their editing experience, the company said. “We’re thrilled to release our latest software to the market in Gemstone,” says Frank Lin,  COO and CTO,... Read More
Future Media Conferences, ThinkTAP to produce the Visual Storytelling Conference Events News 

Future Media Conferences, ThinkTAP to produce the Visual Storytelling Conference

GaryPageau ,
Future Media Conferences (FMC) and ThinkTAP are collaborating to bring the Visual Storytelling Conference for its second run from March 10-13, 2022. The Visual Storytelling Conference is an educational event for digital creators and photographers. The Visual Storytelling Conference provides online video creators, photography enthusiasts, vloggers, and hobbyists an opportunity to boost creativity, learn new technical skills, and invest in... Read More
Adobe reports record fourth quarter and fiscal 2021 revenue Earnings reports News People on the Move 

Adobe reports record fourth quarter and fiscal 2021 revenue

GaryPageau
Adobe reported financial results for its fourth quarter and fiscal year 2021 ended Dec. 3, 2021. Adobe achieved revenue of $4.11 billion in its fourth quarter of the fiscal year 2021, which represents 20 percent year-over-year growth. “Adobe’s record performance in Q4 resulted in fiscal 2021 revenue exceeding $15 billion,” said Shantanu Narayen, chairman and CEO, Adobe. “Adobe’s vision, category... Read More
Not so fast, Atlas: RRD to be acquired by Chatham Asset Management Acquisitions News 

Not so fast, Atlas: RRD to be acquired by Chatham Asset Management

GaryPageau , , ,
After weeks of seesawing back and forth between suitors, R.R. Donnelley & Sons Co. entered into a definitive merger agreement to be acquired by affiliates of Chatham Asset Management, LLC, a private investment firm, in an all-cash transaction with a total enterprise value of approximately $2.3 billion and total equity value of approximately $897 million. RRD also announced it terminated... Read More
GoPro releases new features for HERO10 Black News Updates 

GoPro releases new features for HERO10 Black

GaryPageau
GoPro announced a downloadable camera update for its flagship HERO10 Black camera, enabling new features and recording options. New features include support for GoPro’s Max Lens Mod super-wide angle lens accessory, support for GoPro’s in-camera SuperView digital lens all the way up to 5.3K60 video and support for 24 frames per second video. HERO10 Black owners can update their cameras... Read More
Benedikt Greifenhofer appointed global CEO of GotPhoto News People on the Move 

Benedikt Greifenhofer appointed global CEO of GotPhoto

GaryPageau
GotPhoto Inc., the leading workflow platform for volume photographers, announced Benedikt Greifenhofer, the current U.S. CEO, will now take charge of the global company as CEO. Company founder Markus Posselt now takes up the Executive Chairman position. “I am immensely proud to bring Benedikt into his new role,” says Posselt. “Backed by our excellent team of 70-plus employees, he is... Read More
Rise Above Research: U.S. photo merchandise market bolstered by repeat buyers Market research News 

Rise Above Research: U.S. photo merchandise market bolstered by repeat buyers

GaryPageau , ,
  A new study from Rise Above Research finds an average of 70% of buyers of photo merchandise products plan to buy again in the next year. This demonstrates the staying power and resiliency of the photo merchandise market even as it has matured and shows that most consumers still value printed photo products. Examining the five of the main... Read More