Photography Blogs Displaying items by tag: Industry News
'Chasing Ice' Wins SXSW Audience Award
Film director Jeff Orlowski has won the Audience Award at the South By Southwest (SXSW) Festival in March for his debut feature, "Chasing Ice," following the work of National Geographic photographer James Balog and his multi-year photography project to capture the earth's changing ecosystem. The film — which debuted in January at the Sundance Film Festival and is scheduled to screen at the Seattle International Film Festival in May—uses many of Balog's still images and time-lapse videos of vanishing...
Eggleston Large-Scale Prints Sell for $5.9 Million
Thirty-six large-scale prints by contemporary American photographer William Eggleston brought in $5.9 million at a Christie's auction in March. Meant to expand the reach Eggleston's work, digital pigment prints were made for this auction. This is the first batch of Eggleston images not printed with his traditional dye-transfer technique...
Celebrity Photo Site Blunders E-mail to Contributors
Selecting "blind carbon copy" or "carbon copy" can make a big difference for an e-mail message — at least that's what celebrity photo agency Retna discovered when they sent out a message to more than 250 contributors in January to alert them of a simple address change. After receiving the e-mail, recipients hit...
Getty's Sets Flat-Rate Royalty Contract
All editorial contributors for Getty Images should take notice of a new contract in place this year—one, all-encompassing deal that gives 35 percent royalties for all image sales. Currently, there are multiple contracts in place that pay some contributors up to a 50 percent royalty. Getty made the announcement in November and gave contributors 30 days to sign...
Blackstone to Buy Nearly Half of Leica
United States-based private equity firm The Blackstone Group will buy 44 percent of Leica Camera. The deal, which will be completed by...
Sony, Canon, Nikon Facilities Recovering from Thai Floods
Monsoon rain and flooding last October in Thailand caused significant losses for Nikon, Canon and Sony manufacturing plants in the region. According to the Bangkok Post, the industrial park where Sony resides suffered $1 million in damages. Floodwaters there took nearly a month to recede. Sony's plant, which produces CCS and...
Olympus’ Financial Woes Continue
After admitting that the company had used $1.7 billion in payments to cover up losses on investments, Olympus' Japanese stock fell 49 percent in two days in January. This latest drop now brings the company's total stock value loss to 70 percent since October, when Olympus fired its British CEO and president, Michael Woodford.
An outside committee appointed by Olympus released the information about the payouts and also found that...
Kodak Files for Bankruptcy
Unable to sell off some of its 1,100 patents to stay out of debt, Eastman Kodak Co. is preparing for a Chapter 11 bankruptcy-protection filing. If successful, Kodak will have sold 10 percent of the company's patent portfolio, and will have potentially generated $3 billion in sales.
Currently, Kodak has obtained $950 million in financing from Citibank to maintain operations, which will allow the company to...
Weighing Costs vs. Benefits of Social Media at Work
Social email software vendor Harmon.ie recently conducted a survey on how social media platforms affect workplace productivity. Overall findings? Facebook causes a 1.5 percent loss in total employee productivity. And, 60 percent of work interruptions are instigated by social media distractions.
Harmon.ie has taken these findings and qualified this two-percent loss is actual cost. Based on a salary of...
Sony Expects Third Consecutive Annual Loss
In the wake of the 9.0-magnitude earthquake that struck Japan in March, Sony has projected that it wall end the year with a $3.2 billion dollars of loss. Sony had nine plants that either were damaged or experienced shutdowns as a result of the Japan quake.
This is the second time the consumer electronics-company has taken a drastic hit...
