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The two largest stock photo companies in the world, Getty Images and Shutterstock, have announced they are merging to create a company with an expected valuation of $3.7 billion. [Read More] petapixel.com »
Getty Images is seeking up to $1.7 billion in damages from Stability AI, according to the AI image generator company's latest accounts. [Read More] petapixel.com »
Private equity company Permira has purchased all available common stock for the website builder Squarespace, ending Squarespace's publicly traded era. [Read More] petapixel.com »
A photography trend in the 2020s has seen freelancers start positioning themselves more and more as content creators, with YouTube often being the obvious place to start putting out videos about photography. [Read More] petapixel.com »
In April 2023, Getty rejected a $4 billion takeover bid from Massachusetts-based investment firm Trillium Capital, categorizing the acquisition attempt as insufficiently credible. petapixel.com »
Image and video hosting website Photobucket is reportedly in talks with generative artificial intelligence companies to license its content for the purposes of training algorithms. [Read More] petapixel.com »
Today Sony released the full Q3 financial report. The company as a whole is doing great and they made record sales in Q3. Sony shares nearly no info about how the camera business is doing. The only data you can find shows that in Q3 the “Still and Video Camera” sales did increase by 10,2%… sonyalpharumors.com »
Adobe and Figma started the week by halting their $20 billion merger. Adobe had to pay Figma $1 billion for the acquisition termination. [Read More] petapixel.com »
Adobe has abandoned its $20 billion takeover bid for design platform Figma. The prolonged acquisition attempt has been wrought with regulatory opposition in the United States, European Union, and United Kingdom. [Read More] petapixel.com »
Adobe has capped its massive 2023 year with a record: it has achieved revenue of $5.05 billion in the fourth fiscal quarter, the first time it has exceeded $5 billion in a single quarter of the company's history. [Read More] petapixel.com »
After nearly two decades battling in court, lead plaintiff Mitch Goldstone, CEO and owner of the small film scanning business Scan My Photos, has bested major banks and credit card companies Visa and Mastercard. [Read More] petapixel.com »
Picsart users are leveraging the app's generative AI a lot -- to the tune of more than 500 million images created since it launched last November. Additionally, more than two million images are being generated daily. [Read More] petapixel.com »
Meta has been hit with a record-setting $1.3 billion fine from European Union (EU) regulators early Monday and was ordered to stop transferring data on EU residents to the United States. [Read More] petapixel.com »
Getty has rejected Trillium Capital's nearly $4 billion takeover offer as not "sufficiently credible." Trillium claims the offer is credible, but declined to provide the details to prove it. [Read More] petapixel.com »
EarthCam, makers of rugged and wireless enclosures for the purposes of outdoor streaming video or timelapse, has announced the X1 system that is capable of capturing 4K video and creating five billion pixel panoramic images. [Read More] petapixel.com »
Controversial facial recognition company Clearview AI says that it has scraped more than 30 billion photos from social media platforms, and it is being used by more than 2,400 law enforcement agencies around the United States. [Read More] petapixel.com »
Adobe's Fiscal Year 2022 earnings have been released and the company achieved a record revenue of $17. 61 billion, which represents a 15% year-over-year (YoY) growth. petapixel.com »
Sometime yesterday (Tuesday), Earth's population surpassed eight billion people and these photos show the huge gatherings of humanity across the globe. [Read More] petapixel.com »
Meta has revealed that Instagram now has two billion monthly active users worldwide, closing in on the 2.96 billion who use Facebook. [Read More] petapixel.com »
Adobe has announced it has purchased Figma, a popular design platform and Adobe XD competitor, for $20 billion in cash and stock. The company says the merger will "usher in a new era of collaborative creativity." [Read More] petapixel.com »
Engineers at Penn State University have created a chip that can process and classify nearly two billion images per second.
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petapixel.com »
Twitter has agreed to terms with billionaire Elon Musk. With a tender offer of $54.20 per share, the man who controls both Tesla and SpaceX will purchased the social media platform for $44 billion with the intent to take it private. [Read More] petapixel.com »
Linktree, the company that makes landing pages that can provide a host of links to other sites and is most popular on Instagram, TikTok, and Twitter, has been valued at $1.3 billion. [Read More] petapixel.com »
Hubble, which just came back online after being down for a month, has captured this stunning photo of a galaxy that exists a staggering 10 billion light-years away. The telescope can see and focus this vast distance by leveraging the power of gravity. petapixel.com »
In a bid to compete in a growing market, Facebook has announced plans to pay $1 billion to creators to incentivize influencers to join and use its platform and products. As reported by Taylor Lorenz for The New York Times, Mark Zuckerberg, Facebook’s chief executive, is set to distribute $1 billion to content creators through […] petapixel.com »
Emilien Leonhardt and Vincent Sabatier from Hirox Europe last year took part in an incredible project: they photographed Vermeer’s “Girl with a Pearl Earring” at an incredible resolution to allow anyone to see the painting down to the level of 4. petapixel.com »
As part of Japan’s record $993 billion emergency COVID-19 stimulus package, the country has allocated a full $2. 2 billion to help Japanese companies move their production out of China. The change could have a major influence on camera and lens makers. petapixel.com »
YouTube, the most popular video platform on the Internet, didn't manage to make as much revenue in 2019 as image-based social network Instagram, according to a new report from Bloomberg. Sources claim that Instagram made $20 billion in ad revenue last year compared to YouTube's $15. dpreview.com »
Despite plenty of opinions out there saying that stills photography is dying and video is taking over, one metric at least seems to disagree: ad revenue. According to reports, the world’s largest photo sharing site (Instagram) out-earned the world’s largest video sharing platform (YouTube) by a lot in 2019. Earlier this week, Alphabet Inc. released […] petapixel.com »
Adobe has released its Q4 financial results for the 2019 fiscal year, revealing that it has surpassed $11 billion in annual revenue for the first time in the company’s history, and posting an incredible 24% growth year-over-year. petapixel.com »
Adobe has announced its fiscal fourth quarter and fiscal 2019 financial results, revealing that they set new quarterly and annual revenue records for the company. During its fourth quarter, which ended on November 29, Adobe saw quarterly revenue of $2. dpreview.com »
Record Fourth Quarter Contributes to 24 Percent Year-Over-Year Annual Growth SAN JOSE, Calif.–Adobe (Nasdaq:ADBE) today reported financial results for its fourth quarter and fiscal year Read more... canonrumors.com »
Sony has sold the rest of the shares it held in Olympus after declaring the alliance between the two companies has achieved what it set out to do. The sale of the 68,975,800 shares, which have been bought back by Olympus, raised 80 billion yen ($75m) on a value of 1165 yen per share. dpreview.com »
According to a report from Nikkei Asian Review, Canon’s operating profit is set to drop 40 percent this year; double the percentage Nikkei said Canon had anticipated its profits to drop earlier this year. dpreview.com »
Attention, astrophotography fans and space geeks! The Giant Magellan Telescope (GMT) is finally officially in the works, as construction crews have started the hard rock excavations on its designated site at the Las Camapanas Observatory in Chile. thephoblographer.com »
With its stand-alone IGTV video app Instagram had a big product announcement this week, but at the launch event in San Francisco the company had another milestone to talk about: after surpassing 800 million active users last September, Instagram has now reached the 1 billion mark. dpreview.com »
Adobe has announced a new quarterly revenue record of $2. 20 billion for its 2018 second fiscal quarter. The company saw 22% growth to $1. 55 billion in its Digital Media segment, which includes $1. dpreview.com »
A report from the National Endowment for the Arts sheds light on the photography industry's contribution to the US economy. The report breaks down data from the US Bureau of Economic Analysis (BEA), revealing that the arts overall contributed more to the US economy than warehousing, agriculture, and transportation at $763. dpreview.com »
Photo by Kevin It's starting to feel old hat by now: another quarter, another record-breaking earnings report coming out of Adobe. No matter how much people—present company certainly not excluded—gripe about Adobe's move to the Creative Cloud subscription model, the software company is absolutely raking in the dough as a result. dpreview.com »
Fujifilm Holdings has posted its financial results for the third quarter of the 2017 fiscal year, and it's all good news for the Imaging Solutions division. The segment recorded a revenue of 297. dpreview.com »
Photographing a cave is a huge challenge for any photographer. And you would never ever imagine how many colors are hidden there in the darkness, formed through billions of years! First, it's the absence of light. boredpanda.com »
Adobe has once again posted record quarterly revenue, this time for the fiscal quarter that ended on September 1, 2017. The software company experienced a 26% year-on-year revenue growth with $1. dpreview.com »
The fortunes of Sony’s camera division have taken a turn for the better with a rise in first quarter sales and operating income for the period to June 30th. The company states in its latest financial report that higher value still and video cameras have helped it to achieve 27. dpreview.com »
Adobe has received criticism ever since it first announced its Creative Cloud subscription program. But business has been booming since the launch, and that trend doesn’t look like it’s going to change anytime soon. petapixel.com »
Software maker Adobe has today published its financial results for the second quarter fiscal year 2017 ended June 2, and the company reports a record quarterly revenue of $1. 77 billion. At the same time operating income was increased by 46 percent and net income by 53 percent year-over-year on a GAAP-basis. dpreview.com »
Fujifilm's earnings report for the fiscal year ending in March has been published and contains some interesting information on the company's line of consumer imaging products. Sales figures of both X-Series cameras and lenses and the GFX medium format system have increased, according to the report. dpreview.com »
From Reuters: Japan’s Canon Inc on Wednesday lifted its full-year operating profit forecast after reporting strong first-quarter results on the back of earnings from a medical equipment unit it bought from Toshiba Corp last year. canonrumors.com »
Five years after beginning its very long journey, NASA’s Juno spacecraft has beamed back photos of Jupiter’s poles for the first time… and they’re stunning. Juno, which is as large as a basketball court, travelled 415 million miles over the last 5 years to send us a first look at the extremities of the gas […] petapixel.com »
Do you have the feeling that, nowadays, almost everyone is taking photos? Not even that long ago, photography was much more exclusive. Despite the wide-spread use of point-and-shoot cameras, very few people were able to properly take photographs. petapixel.com »
According to Flickr the iPhone is the most popular camera(s) in the world and even 10 years after the original model was launched, iPhone continues to generate enormous profits for Apple. According to research from Strategy Analytics, that was obtained by The Korea Herald, in 2016 the iPhone captured 79 percent of profits in the global smartphone market, at a market share of only 14. dpreview.com »
