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Edge Imaging looks to expand, to invest Feature Opinion 

Edge Imaging looks to expand, to invest

GaryPageau , , 0 comment
In recent months, there’s been a lot of investment and business activity in the school and events photography space. Lifetouch and Jostens have both found new owners and, north of the border, long-standing Canadian firm Edge Imaging announced in late October Walter Capital Partners made a “significant investment” in the company, with the intention of building the Burlington, Ontario, company... Read More
Lifetouch ESOP suit dismissed over lack of specific details News 

Lifetouch ESOP suit dismissed over lack of specific details

GaryPageau , 0 comment
Bloomberg Law reports Lifetouch Inc. employees lost their lawsuit alleging the group lost hundreds of millions of dollars in retirement savings when their employee stock ownership plan (ESOP) dropped in value. The original lawsuit is here. The employees didn’t provide enough specific details backing their claim Lifetouch and its directors fraudulently inflated the company’s stock value before its 2018 sale to Shutterfly... Read More
Shutterfly’s third-quarter consumer business disappoints, company misses target Earnings reports News Press releases 

Shutterfly’s third-quarter consumer business disappoints, company misses target

GaryPageau , ,
Shutterfly reported a third-quarter net loss of $73.5 million, compared to last year’s $25.6 million loss, on net revenues of $368.8 million. The company’s shares dropped more than 12 percent in after-hours trading because revenues were below analysts’ consensus of $377.5 million. In particular, the company highlighted contributions of its newly acquired Lifetouch school-photo business but the consumer business dropped... Read More
Michael Christman, former Lifetouch executive joins CaptureLife as advisor People on the Move Press releases 

Michael Christman, former Lifetouch executive joins CaptureLife as advisor

GaryPageau ,
CaptureLife is pleased to announce Michael Christman, a leader in the professional photography industry, is now partnering with CaptureLife as a strategic consultant and advisor to the volume photography segment. Christman brings over four decades of experience and passion for professional photography to the CaptureLife team and its prospective customers, particularly with school portraits and youth sports. Michael’s infectious energy... Read More
iMemories returns to founders in purchase from Shutterfly Feature News 

iMemories returns to founders in purchase from Shutterfly

GaryPageau , , , , ,
The industry’s largest recent acquisition – Shutterfly buying Lifetouch – created waves and, in the case of iMemories, new opportunities. The former Lifetouch segment was sold back to its founder, Mark Rukavina, and longtime executive Steve Krell, who are looking to expand the business dramatically. The Dead Pixels Society recently talked with Rukavina about the divestment and the future of... Read More
CaptureLife high-volume photography webinar features Disney, Lifetouch execs News 

CaptureLife high-volume photography webinar features Disney, Lifetouch execs

GaryPageau , ,
CaptureLife, the mobile digital marketplace vendors, is offering a free webinar/video, embedded below, describing how Disney Parks transformed their digital photography business. The video should be of interest, featuring former Disney and Lifetouch executives, is of interest to anyone in the high-volume photography market. What Volume Photographers Can Learn from Disney’s Digital Photography Transformation Featuring: Rob Mauldin Former Director of Imaging, Disney Parks... Read More
Shutterfly reports first quarter results; will exit iMemories Earnings reports News Press releases 

Shutterfly reports first quarter results; will exit iMemories

GaryPageau , , 4 Comments
Editor’s note: Post updated to reflect iMemories will not be closed – as previously written – but “exited.” Industry reports is a new buyer will take over the business. A few highlights from the Shutterfly earnings report, reproduced below. Shutterfly closed the Lifetouch acquisition April 2 Shutterfly will exit Lifetouch’s iMemories business in the second quarter, earlier than expected. This... Read More
Shutterfly closes transformational acquisition of Lifetouch News Press releases 

Shutterfly closes transformational acquisition of Lifetouch

GaryPageau , ,
Company Issues $825M Term Loan B to Finance Acquisition Updated Credit Ratings Maintain Ba3/BB- Rating REDWOOD CITY, Calif.–(BUSINESS WIRE)–Shutterfly (NASDAQ: SFLY), the leading online retailer and manufacturer of high-quality personalized products and services, today announced it has closed its previously announced acquisition of Lifetouch, the national leader in school photography. The company financed the acquisition with the proceeds of an... Read More
Lifetouch directors suit alleges mismanagement of ESOP News 

Lifetouch directors suit alleges mismanagement of ESOP

GaryPageau ,
Bloomberg Law reports a March 1 class-action lawsuit alleges Lifetouch Inc. employees suffered “hundreds of millions of dollars” in damages by investing their retirement plans in the company’s employee stock ownership plan (ESOP). The suit alleges the company’s board did not do enough to protect workers’ retirement savings in the ESOP, as the value of the company’s stock declined more... Read More
Winners and losers of the Shutterfly/Lifetouch combination News Opinion 

Winners and losers of the Shutterfly/Lifetouch combination

GaryPageau , , 2 Comments
The photo industry’s biggest merger in years has brought up rampant speculation among competitors, vendors and gadflies about the Shutterfly acquisition of Lifetouch. Details of the combination are still coming out, but it’s clear there is a short-term positive reception. Shutterfly’s stock rose to more than $70 a share, after being mired in the mid-$50 range for months. From a... Read More
Lifetouch purchase brings immediate benefits to Shutterfly News Opinion 

Lifetouch purchase brings immediate benefits to Shutterfly

GaryPageau , , 1 Comment
Shutterfly shares jumped nearly 20% last night on the news the leading photo-personalization company was buying the billion-dollar company in the school photography space, Lifetouch National School Studios for $825 million, as well as the report the company beat its fourth-quarter forecasts. The deal includes Lifetouch’s school business, as well as it’s ancillary businesses of church directories, preschool photography, JC Penney retail... Read More
Shutterfly Inc. announces definitive agreement to acquire privately-held Lifetouch News Press releases 

Shutterfly Inc. announces definitive agreement to acquire privately-held Lifetouch

GaryPageau , 1 Comment
Combination significantly expands customer base and product range Lifetouch achieved revenue of $963.9 million and EBITDA of $111.3 million for the period ended June 30, 2017 Acquisition adds significant Revenue, Adjusted EBITDA, and Cash Flow in the next twelve months with attractive future revenue and cost synergies Combined company total Adjusted EBITDA of at least $450 million targeted in 2020... Read More
Shutterfly announces fourth quarter and full year 2017 financial results Earnings reports Press releases 

Shutterfly announces fourth quarter and full year 2017 financial results

GaryPageau , , , 1 Comment
REDWOOD CITY, Calif.–(BUSINESS WIRE)–Shutterfly, Inc. (NASDAQ:SFLY), the leading online retailer and manufacturer of high-quality personalized products and services, today announced financial results for the fourth quarter and full year ended December 31, 2017. “Q4 was a strong conclusion to a year in which we made significant strides in positioning Shutterfly for long-term, profitable growth,” said Christopher North, President and Chief Executive... Read More
Top 10 Dead Pixels Society photo industry stories of 2017 News Opinion 

Top 10 Dead Pixels Society photo industry stories of 2017

GaryPageau , , , , , , , , , , , , , , ,
It’s been a busy year for the Dead Pixels Society, with the launching of the full blog and a weekly newsletter. Here are the top 10 stories from the website, based on hits and shares: 10) Costco gets into business printing Costco has added business printing to its online Photo Center. The company notified customers of the addition of business... Read More
Glossy Finish, a Leader in Youth Sports Action Photography, Selects CaptureLife, Inc. as Their Exclusive Partner for Digital Image Delivery and Fulfillment News Press releases 

Glossy Finish, a Leader in Youth Sports Action Photography, Selects CaptureLife, Inc. as Their Exclusive Partner for Digital Image Delivery and Fulfillment

GaryPageau , ,
Now independent from Lifetouch again, Glossy Finish looks to grow its unique sports action photography offering by leveraging the CaptureLife platform as its mobile backbone for digital image delivery, new digital products, and purchasing of print products from smartphones. Minneapolis, MN – November 16, 2017 – CaptureLife Inc., provider of the CaptureLife Photo Sharing App for iPhones and Android devices... Read More
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