New55 has announced that it has shut down operations, putting an end to its dreams of helping to bring peel-apart 4×5 instant film back from the grave. “New55 FILM ended operations on December 31, 2017,” reads the startup’s website in a message titled “New55 Ends Operations.
There’s major consolidation going on in the US camera gear rental industry. Lumoid, a camera and tech gear rental startup, has announced that it’s closing up shop, less than half a year after signing a deal with Best Buy to offer gear rentals through the giant retailer.
The German start-up behind the Panono panoramic ball camera has filed for insolvency proceedings in Berlin, making it very unlikely that backers of their $1. 25 million Indiegogo campaign will ever get their hands on their camera.