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Acquisition

Meta sells Giphy to Shutterstock for $53 million after the UK order

May 24, 2023 by Dunja Djudjic Add Comment
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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.

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SmugMug has acquired popular photography podcast, This Week in Photo (TWiP)

Oct 25, 2022 by John Aldred Add Comment
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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.

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UK orders Meta to sell Giphy, and it’s final

Oct 19, 2022 by Dunja Djudjic Add Comment
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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.

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Shutterstock acquires stock video platform Pond5 for $210 million

May 13, 2022 by Dunja Djudjic Add Comment
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This

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.

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Vitec buys yet another company – Savage Backdrops

Nov 16, 2021 by Dunja Djudjic Add Comment
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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.

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Adobe has completed its acquisition of video collaboration platform Frame.io

Oct 8, 2021 by John Aldred Add Comment
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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.

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Shutterstock bought photo and design editor PicMonkey for $110 million

Sep 10, 2021 by Dunja Djudjic Add Comment
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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.

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Litra has been acquired by Logitech

May 17, 2021 by John Aldred Add Comment
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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.

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The Vitec Group has acquired lighting manufacturer Quasar Science

Apr 12, 2021 by John Aldred Add Comment
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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.

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Report: Pinterest might be acquiring VSCO

Apr 5, 2021 by Dunja Djudjic Add Comment
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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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Udi Tirosh: from diyphotography.netUdi Tirosh is an entrepreneur, photography inventor, journalist, educator, and writer based in Israel. With over 25 years of experience in the photo-video industry, Udi has built and sold several photography-related brands. Udi has a double degree in mass media communications and computer science.

Alex Baker: from diyphotography.netAlex Baker is a portrait and lifestyle driven photographer based in Valencia, Spain. She works on a range of projects from commercial to fine art and has had work featured in publications such as The Daily Mail, Conde Nast Traveller and El Mundo, and has exhibited work across Europe

David Williams: from diyphotography.netDave Williams is an accomplished travel photographer, writer, and best-selling author from the UK. He is also a photography educator and published Aurora expert. Dave has traveled extensively in recent years, capturing stunning images from around the world in a modified van. His work has been featured in various publications and he has worked with notable brands such as Skoda, EE, Boeing, Huawei, Microsoft, BMW, Conde Nast, Electronic Arts, Discovery, BBC, The Guardian, ESPN, NBC, and many others.

John Aldred: from diyphotography.netJohn Aldred is a photographer with over 20 years of experience in the portrait and commercial worlds. He is based in Scotland and has been an early adopter - and occasional beta tester - of almost every digital imaging technology in that time. As well as his creative visual work, John uses 3D printing, electronics and programming to create his own photography and filmmaking tools and consults for a number of brands across the industry.

Dunja Djudjic: from diyphotography.netDunja Djudjic is a multi-talented artist based in Novi Sad, Serbia. With 15 years of experience as a photographer, she specializes in capturing the beauty of nature, travel, and fine art. In addition to her photography, Dunja also expresses her creativity through writing, embroidery, and jewelry making.

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