Industry Notes for the week of May 29
Industry notes
Expert: Kodak could face second bankruptcy, via WHAM-TV
Without last year’s reorganization, Kodak’s CEO believes the company would not have survived the COVID-19 pandemic, according to WHAM-TV. But financial expert George Conboy of Brighton Securities says, without a change in course in the company’s future, Kodak could face serious consequences – even potential second bankruptcy.
Battle-hardened specialists trade on, via Inside Imaging
Australia’s Inside Imaging reports resilience of the photo specialty trade Down Under.
Tips On Reopening Your Photography Business After COVID-19
Mitsubishi Electric has published some tips for photographers to reopen their business post-COVID-19.
Five tips for finding the best locations for landscape photography
Guest post by Simon Choi, Refractique If you’re into landscape photography, then you know that the biggest thing determining the quality of a photo is the location it was taken.
PicMonkey has added iStock images from Getty for pro members
PicMonkey Pro members now have exclusive access to million of stock photos via a partnership with iStock by Getty.
New Shutterstock royalty system opposed by contributors
PetaPixel reports Shutterstockunveiled a new “earnings structure” which has infuriated contributors, even sparking a Change.org petition.
FC Yearbook claims big gains for digital format yearbooks
FC Yearbook reports its FC Yearbook app has become more popular in the lockdown world of COVID-19 with schools and with yearbook committees. FC Yearbook said it is producing digital yearbooks across the country, with new orders coming in daily.
Tyndell Photographic debuts Berkley Portfolio
Tyndell Photographic has launched Berkley Portfolios, with faux-leather covers, customizable interiors in 10×10 and 8×8 sizes.
Event news
Mediaclip announces five-part photo personalization webinar series
Mediaclip has created an online series where to answer questions and to navigate through the business opportunities and considerations that are top of mind when stepping into an online product personalization offering.
Cine Gear Expo LA 2020 has been canceled
The management of the 2020 LA CineGear Expo announced, to protect exhibitors, sponsors, partners, staff and visitors from the spread of COVID-19, has canceled the event. The event was going to take place Oct. 1-4 in California.
Horrible customer service: Videographers taunt man whose fiancée died before wedding
A Colorado man whose fiancée died in a car crash is now locked in a nasty battle with their would-be wedding videographers after the company denied him a refund and set up websites to mock and threaten him with legal action for going public with the story, according to GlobalNews.ca
The inside story of what happened after Facebook acquired Instagram
A new book from Bloomberg News reporter Sarah Frier discusses the inside story on how that deal went down, via Small Biz Trends.
App updates
Fujifilm software adds webcam features to X Series, GFX System cameras
Fujifilm Corp. announced Fujfilm X Webcam software for Windows that turns select X Series and GFX System digital cameras into webcams. This will help cater for the growing need for web-conferencing products, the company says.
The EOS Webcam Utility Beta Software now available for macOS users
Canon USA Inc. announced a MacOS version of EOS Webcam Utility Beta software, which converts compatible Canon camera into a webcam through a simple USB connection.
Google updates sharing tools for Google Photos
Sharing photos privately via Google Photos is easier, according to Google blog post. In December, Google launched direct sharing to make it easy to share one-off photos and videos in Google Photos by adding them to an ongoing, private conversation in the app.
Financial news
Best Buy reports decline in first quarter sales
Best Buy Co. Inc. announced results for the 13-week first quarter ended May 2, 2020, as compared to the 13-week first quarter ended May 4, 2019. As shown on the tables below, all three major operating segments, combined, dropped 5.3%.
HP meets earnings target but misses sales expectations, sending shares tumbling
Printer maker HP Inc. announced the company beat analysts second-quarter earnings target of 51 cents per share ($12.47 billion – above the expected 45 cents per share – but lower sales sent HPQ stock lower.
