Back in 2021, the UK government ordered Meta to sell Giphy, and now the buyer has been announced. It’s Shutterstock, the famous stock photo company, which agreed to buy Giphy from Meta for $53 million.
SmugMug has acquired popular photography podcast, This Week in Photo (TWiP)
SmugMug has acquired the popular photography podcast, This Week in Photo – otherwise known as TWiP. It’s the second acquisition by the company after picking up Flickr in 2018. As well as acquiring the podcast itself, TWiP Editor in Chief Frederick Van Johnson is also joining SmugMug. He will lead content and new media while maintaining his role with TWiP to help it continue to grow and evolve.
SmugMug+Flickr VP of Marketing, Scott Kinzie says that “It’s an ideal match”, with both companies and TWiP having the goal of increasing the influence and impact of photography worldwide. TWiP was created by Frederick in 2008 as a primarily gear-focused podcast. It’s evolved since then to cover just about every topic in the photography industry.
UK orders Meta to sell Giphy, and it’s final
Back in 2020, Facebook (now Meta) bought Giphy, by which it became one of several mainstream platforms under its wing. But UK’s watchdog says enough. Competition and Markets Authority (CMA) has ordered Meta to sell the animated GIF platform – and the order is final.
Shutterstock acquires stock video platform Pond5 for $210 million
After Turbosquid and PicMonkey, stock photo platform Shutterstock has acquired another company. This time, it’s Pond5, one of the major stock video platforms in the world. Shutterstock has disclosed the details of the deal, revealing that they acquired Pond5 for $210 million.
Vitec buys yet another company – Savage Backdrops
Yet another company has come under the wing of The Vitec Group. The company has now acquired Savage, the leading backdrop brand in the industry, and the two companies will merge by the end of this month.
Adobe has completed its acquisition of video collaboration platform Frame.io
The popular online video collaboration platform Frame.io’s acquisition by Adobe, is now completed, the companies have announced. Adobe’s goal, they say is to use the combination of its video software offerings – such as Photoshop, Premiere Pro and After Effects – with Frame.io’s cloud-based review and approval functionality to “radically accelerate” the creative process.
Frame.io presents over a million users, many of whom are already using Adobe’s applications, and Adobe wants to get more users into the collaborative environment and get rid of what they call disjointed and inefficient workflows.
Shutterstock bought photo and design editor PicMonkey for $110 million
Famous stock photo platform Shutterstock has announced the acquisition of PicMonkey, a web-based image editing and design platform. PicMonkey should be able to offer more content to image editors and illustrators, and Shutterstock expects to increase annual revenues after acquiring PicMonkey for $100 million dollars.
Litra has been acquired by Logitech
Litra’s range of LED lights have become very popular over the last few years. Their products fit into that small LED niche accompanied by names such as Lumecube and Gudsen and even Godox, although Litra generally seems to have led the way when it comes to tough and rugged but small LED lights. It appears, though, that this niche space is about to see a big new competitor, in the form of Logitech.
The Vitec Group has acquired lighting manufacturer Quasar Science
Vitec Group, the company behind Manfrotto, Lowepro, Joby, Lastolite, Gitzo, Vinten, Syrp and many other big names in the photo and video industry has today announced that they’ve acquired LED lighting manufacturer, Quasar Science. They say the business will become part of Vitec’s “Production Solutions Division” alongside Litepanels.
Quasar Science products have typically been used in large scale film and TV productions, although the last few years they’ve started creeping into lower end productions, regularly popping up in the background of YouTube videos as part of the set illumination.
Report: Pinterest might be acquiring VSCO
According to recent reports, we will witness an interesting acquisition, most likely this year. Two people familiar with the matter recently spilled the beans that Pinterest is in negotiations to buy VSCO. According to them, the discussions between the two companies are ongoing.
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