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

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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

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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

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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

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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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Facebook buys GIPHY, plans to integrate it into Instagram

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Facebook has just bought GIPHY, the popular GIF-sharing platform. According to the announcement, the company plans to integrate it into Instagram, making it easier to find and use gifs in this app. The details of the price haven’t been disclosed, but an official information is that it cost Facebook $400 million.

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Shutterfly to be merged with Snapfish after $2.7B acquisition

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American private equity firm, Apollo Global Management LLC (AGM), has agreed to acquire photo printing platforms Shutterfly and Snapfish. According to Reuters, AGM is set to purchase Shutterfly Inc for $2.7 billion, including $900 million in debt. AGM also announced intentions to purchase Snapfish LLC, another Internet-based retailer of photography products. And, apparently, they plan to merge them together.[Read More…]

Syrp talks about the new app, the Vitec acquisition and what it means for customers

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Syrp has released a new app for iOS and Android to allow you to control your Syrp products from your mobile device. Addressing a number of issues with the original Syrp app, the new app offers a cleaner easy-to-use interface to increase workflow efficiency on location.

Syrp was also recently acquired by Vitec, which was something of a surprise. But it’s an acquisition that offers a lot of promise for both Syrp as a company as well as Syrp’s customers. DIYP spoke with Syrp at NAB 2019 to find out more about the new app, the acquisition and what benefits it provides for users of Syrp products as well as potential future customers around the world.

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CEO resigns as Xerox scraps $6.1 billion sale to Fujifilm

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It was only February when it was announced that Fujifilm would be acquiring American-owned Xerox in a $6.1 billion deal. It seems that now, though, that deal is not going to happen, thanks to a couple of “activist investors”, reports the BBC. Carl Icahn and Darwin Deason own, between them, 15% of Xerox and had opposed the deal. They say it undervalued the company and trouble has been brewing ever since/

Six Xerox board members and CEO, Jeff Jacobson agreed to step down in a settlement deal reached just a couple of weeks ago. This caused a 3% drop in Xerox shares, following a court decision to temporarily halt the deal. Now, the BBC report that Xerox has officially ended the sale.

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Chinese electronics giant Xiaomi considering purchasing GoPro, report says

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It’s not much of a secret that GoPro is struggling. They’ve dropped from a value of more than $10 billion at their peak to around $761 million today. Thousands of staff have been laid off over the last couple of years. And they also tried, and failed, to expand out into the drone industry. Recently, they announced that they’re opening up not only their technology and patents for licensing, but also the GoPro name itself.

Now it seems that the entire company may be getting sold after a report suggests that Chinese electronics giant Xiaomo is considering putting in an offer. Xiaomi are not new to action cameras, having previously been the main distributor and brand for the original YI HD Action Camera. But adding a brand like GoPro to their portfolio would certainly open them up to a huge global audience outside of China.

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