SmugMug Acquires Flickr
Posted: Sat 21 Apr 2018, 08:30
SmugMug has announced its intention to acquire Flickr, which used to be the leading website for sharing photos. Competition, lack of innovation and former owner Yahoo's hamfisted attempts to monetise the service has seen its popularity decline in recent times. Despite being one of the first companies to exploit the Internet in its early days, Yahoo struggled to make much of an impact and last year it was bought out by Verizon. Flickr's new owner clearly does not have need of a photo sharing service and is now selling it on.
According to the press release, SmugMug will operate both its existing service and new acquisition as separate entities "indefinitely", although it is not yet clear how it will profit from its investment. As Adobe's customers already know, the term "indefinitely" does not necessarily mean "forever". An alternative definition is an unspecified period of time, which in Adobe's case was much shorter than many expected.
More details from PetaPixel, amongst others - https://petapixel.com/2018/04/20/flickr ... y-smugmug/.
According to the press release, SmugMug will operate both its existing service and new acquisition as separate entities "indefinitely", although it is not yet clear how it will profit from its investment. As Adobe's customers already know, the term "indefinitely" does not necessarily mean "forever". An alternative definition is an unspecified period of time, which in Adobe's case was much shorter than many expected.
More details from PetaPixel, amongst others - https://petapixel.com/2018/04/20/flickr ... y-smugmug/.