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Vitec Group announces acquisitions of Lightstream and Quasar for a total of $42 million News 

Vitec Group announces acquisitions of Lightstream and Quasar for a total of $42 million

GaryPageau , , ,
The Vitec Group plc announces the acquisition of Lightstream and Quasar Science. Lightstream, which is a US-based technology company providing a cloud-based video production and editing SaaS platform, will become part of Vitec’s Creative Solutions Division. The business has 22 employees; The four co-founders, including the CEO Stu Grubbs, will also join Vitec. The acquisition of Lightstream, for an expected... Read More
Private equity firm acquires MyHeritage News 

Private equity firm acquires MyHeritage

GaryPageau
Family history company MyHeritage announced private equity firm Francisco Partners, a leading global investment firm, has completed the previously announced acquisition. The transaction was signed on Feb. 24, 2021, and was pending regulatory approvals, which have recently been received, and hence the acquisition was completed today. Gilad Japhet, founder and CEO of MyHeritage, will continue to lead the company. No changes... Read More
Best Buy is piloting paid membership program in 60 markets News 

Best Buy is piloting paid membership program in 60 markets

GaryPageau
Best Buy announced a new pilot membership program, called Best Buy Beta, proving customers in select markets benefits including exclusive member pricing, unlimited Geek Squad technical support, up to two years of protection on most product purchases, free standard shipping and delivery, and free installation on most products and appliances. The cost is $199.99 per year or $179.99 per year... Read More
Canva announces $15 billion valuation; announces presentation suite News 

Canva announces $15 billion valuation; announces presentation suite

GaryPageau , , , 1 Comment
Canva, the global visual communications platform, announced an updated valuation of US $15 billion following a US $71 million investment. This latest valuation affirms Canva as one of the fastest-growing software companies in history, surpassing $500 million annualized revenue this year, the company said. Canva formally announced a suite of new features for its flagship workplace product, Canva Presentations. “Now more... Read More
Japan’s Photozou begins to sell used photo gear on Amazon in United States News 

Japan’s Photozou begins to sell used photo gear on Amazon in United States

GaryPageau
Photozou Koukoku Co., Ltd a subsidiary of publicly traded Photozou Holdings, Inc., in Japan, announced it has begun selling used cameras and lenses on Amazon in the United States. One can purchase such items from the following Amazon site. The products will be sent from Japan to an Amazon facility, where they will be managed and sold by Fulfillment by Amazon (FBA).... Read More
MAC Group makes more personnel announcements News 

MAC Group makes more personnel announcements

GaryPageau , ,
Photo/video distributor MAC Group made several more personnel announcements this week, following those made last week. Kevin Aamodt is joining MAC Group as the X-Rite Brand Champion and Lead Technical Support for all of the current X-Rite product line. He will be responsible for technical support, training, software and hardware testing, as well as advising on new product development going... Read More
AlphaGraphics reveals brand refresh and new website News 

AlphaGraphics reveals brand refresh and new website

GaryPageau
Printing franchisor AlphaGraphics, a franchisor of printing and marketing solutions with 260 stores in six countries, has recently undergone a full brand refresh. The company said it has made several changes to reflect the brand’s overall growth as a company. AlphaGraphics was founded in 1970, and the company began offering franchise opportunities in 1979. “Fifty years ago, we started out... Read More
LG closing worldwide mobile phone business News 

LG closing worldwide mobile phone business

GaryPageau ,
LG Electronics Inc. announced, in a decision made by its board, it is closing its mobile business unit: LG’s strategic decision to exit the incredibly competitive mobile phone sector will enable the company to focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, as well as platforms and services.... Read More
NRF: Economy “has come a long way” in a year Market research News 

NRF: Economy “has come a long way” in a year

GaryPageau , ,
With more vaccines in arms, federal stimulus putting money into pockets, and consumers shopping again, the U.S. economy has made dramatic progress since the coronavirus pandemic brought activity to a near-standstill this time last year, according to the National Retail Federation (NRF). “The economy has come a long way compared with a year ago,” said Jack Kleinhenz, chief economist, NRF.... Read More
In Memoriam: Bill Strain News 

In Memoriam: Bill Strain

GaryPageau
William Edward “Bill” Strain, age 60, of Grand Rapids, formerly of Olive Branch, Mississippi, passed away unexpectedly at home April 3, 2021. He was born in Des Moines, Iowa on July 9, 1960, son of Claude Edward and Billie Jeanne (Treado) Strain. He graduated from Valley High School in West Des Moines, Iowa, with the class of 1978, then continued... Read More
Rock photographer Lynn Goldsmith prevails against Warhol Estate in copyright flap News 

Rock photographer Lynn Goldsmith prevails against Warhol Estate in copyright flap

GaryPageau , ,
Two pop-culture giants battled over the copyright of a 1981 portrait of Prince… and the photographer won. A New York-based federal appeals court ruled last week pop artist Andy Warhol‘s 1984 paintings of Prince based on photographs by Lynn Goldsmith didn’t go far enough to transform the original portrait. The 2nd U.S. Court of Appeals sided with Goldsmith in her much-publicized lawsuit,... Read More
CG Pro Prints launches national pro photographer promotion campaign Marketing News Promotions 

CG Pro Prints launches national pro photographer promotion campaign

GaryPageau ,
CG Pro Prints, the professional output business of Circle Graphics, is campaigning to raise the value of professional photography to consumers. The company has launched an expansive Professional Photographer Billboard Project, fueled by a nationwide talent search, which will result in more than 100 billboards touting the reasons why a consumer should hire a professional photographer. The billboards go live... Read More