Apple, Google Offer Bid on Kodak Patents
According to a report from Bloomberg, rival firms Apple and Google have forming a consortium to offer $500 million to purchase more than 1,100 digital imaging patents currently held by Kodak and share them in a pool.
Kodak, which is currently going through bankruptcy proceedings and selling off many of its assets, said it wanted more than...
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Why Photographers Should Care about Search Engine Optimization
The majority of searches for a photographer and photography products begin with the internet. While they are online, approximately 70 percent of those people searching will use Google. This powerful search engine is helping brides, high school seniors, small business owners and other professionals find exactly...
Google Sued over Unfair Image Use
In an attempt to prevent Google from unfairly copying, scanning and displaying copyrighted images, the American Society of Media Photographers (ASMP) and other trade groups have filed a class action lawsuit against the search-engine company.
For the past five years, Google has been uploading millions of books and other publications containing copyrighted images and displaying them to the public as part of the Google Library Project — all allegedly without adhering to the rights of the authors.
Life Archives Made Available on Google
Google and Time Inc. have teamed up to bring more than 10 million images from Life magazine to users around the world. The free image portal contains collections from Life's Photo Archive, including some of the most iconic works of the 20th century by photojournalists such as Margaret Bourke-White, Gordon Parks and W. Eugene Smith.
Already, millions of Life images are available for viewing via Google Image Search. Once the online project is complete in the next few months, the archive will be among the largest professional photography collections on the web and one of the largest photo-scanning projects ever undertaken...
Getty Shareholders Unhappy with Sale
The same day that Getty Images announced that it had accepted a $2.4 billion buyout by private-equity firm Hellman & Friedman, shareholders filed a class-action lawsuit claiming that the stock agency had not looked after their interests and had accepted an undervalued bid.
The long-rumored deal, worth $34 per share, was confirmed on Feb. 25 and is expected to close in the second or third quarter of this year. The merger has been approved by Getty's board of directors, it was still subject to shareholder approval at press time.
Securities and Exchange Commission filings for the transaction indicate that Getty had left room for better offers. Bids well over $40 per share had been tendered by other parties, but in settling with Hellman & Friedman, Getty had to take into account...