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Industry Rumors: Coronavirus can be final blow for camera industry
  • Vitaliy_KiselevVitaliy_Kiselev

    Issue are not only Chinese factories (most will be closed in February and March, despite February 10-14 public statements).

    As soon as thing will spread to much less organized Vietnam and Thailand it can be much worse.

    Japanese factories can't work without thousands of parts also.

    It is soft talks now about cancellation or postponing by 2 month of both CP++ and Photokina.

  • 270 Replies sorted by
  • Vitaliy_KiselevVitaliy_Kiselev

    AMC Theaters reported another predictable loss in its fourth quarter earnings. Revenue was down 88 percent year over year, to $162.5 million. That led to a quarterly loss of $946 million (slightly better than the last quarter, though significantly worse than the $13.5 million loss AMC reported in its 2019 fourth quarter). AMC still has more than $1 billion in cash on hand, according to CEO Adam Aron.

  • Vitaliy_KiselevVitaliy_Kiselev

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  • Vitaliy_KiselevVitaliy_Kiselev

  • Vitaliy_KiselevVitaliy_Kiselev

    According to the latest BCNRranking data Panasonic only holds 2.8% of the Full Frame market share in Japan.

    Bad.

  • Vitaliy_KiselevVitaliy_Kiselev

    We are writing to inform you about the upcoming closure of the photo department at all Costco locations on Sunday, February 14, 2021.

    Since the introduction of camera phones and social media, the need for printing photos has steeply declined, even though the number of pictures taken continues to grow. After careful consideration, we have determined the continued decline of prints no longer requires on-site photo printing.

  • Vitaliy_KiselevVitaliy_Kiselev

    In response to the announcement of the state of emergency, the Nikon Group will continue manufacturing until February 7 in order to strengthen measures while adhering to the policy of “continuing business activities while preventing the spread of infection”. We will implement measures such as reducing the number of employees to 30% or less, excluding workplaces that require employees to come to work, and eliminating the maximum number of days for working from home.

    We apologize for the inconvenience caused to our customers and business partners, and thank you for your understanding and understanding.

    In the future, we will continue to give top priority to ensuring the safety of employees and their families, customers, business partners, and people in the vicinity of business establishments and preventing the spread of infection, in accordance with the guidance and requests of the government and local governments.

  • Vitaliy_KiselevVitaliy_Kiselev

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    According to BCN+R’s data, digital camera sales dropped 40.4% year-over-year (YoY). This is over double the 16.8 percent drop BCN+R recorded in 2019 (compared to 2018).

    And this also include rumored big cookings where companies asked dealers to buy cameras that never existed in reality.

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  • Vitaliy_KiselevVitaliy_Kiselev

    Nikon Japan issued another warning about potential delays following the recent state of emergency declared by the Japanese government due to COVID-19. Most companies in Japan will remain closed until February 7th.

    And this follows totally cooked sales numbers that all Japanese companies made up since August.

  • Vitaliy_KiselevVitaliy_Kiselev

    The UK Musicians Union reckons that 70% of its members are unable to do more than a quarter of their pre-pandemic work, and that 87% of musicians will this year earn less than £20,000. Thirty-four per cent are apparently considering leaving professional music altogether. About a third of the union’s members do not qualify for any of the government’s help.

    Capitalism kills, remember!

  • Vitaliy_KiselevVitaliy_Kiselev

    As an initial reaction to COVID-19, we saw a halt in customer purchasing. Consumer demand began to drop throughout the world. When consumer demand fluctuates so much, any manufacturer will be faced with challenges relating to the supply chain. Although we are not totally back to normal levels, we have thankfully seen a healthy recovery, much better than what we had originally anticipated. Global demand is returning strongly.

    https://www.amateurphotographer.co.uk/latest/photo-news/nikon-sales-steady-more-dx-lenses-for-z-series-coming-dslr-lens-supply-issues-144212

  • Vitaliy_KiselevVitaliy_Kiselev

    Variety reports AMC has submitted an SEC filing warning that its existing cash “will be depleted” in January 2021 if it doesn’t get help. The company estimated that it would need “at least” $750 million to remain intact next year.

  • MikeLinnMikeLinn

  • Vitaliy_KiselevVitaliy_Kiselev

    Camera manufacturers sold 1.562 million DSLR units through September of 2020, which is down 54%. The value of those cameras was 64.6 billion yen (~$625,667,150), which is a 51% decrease year over year.

    Though faring better, mirrorless cameras also suffered a large drop, with 1.807 million units shipped so far, which is down 34%. The value of those units was 145.82 billion yen (~$1,412,303,155), a 26% sales decrease.

    Compact camera bodies sold in greater volume than DSLRs, but suffered nearly as badly with a 51% drop in units sold to 2.498 million. The value of those sales was 53.578 billion yen (~$518,916,324), down 26%.

    For lenses wider than 35mm, sales fell 45%. For lenses at or longer than 35mm, sales dropped 34%.

  • Vitaliy_KiselevVitaliy_Kiselev

    AMC Entertainment posted a revenue of $119.5 million in its third quarter, down 91 percent year over year. The same quarter last year brought in more than $1 billion. AMC noted in its earnings that it’s “operating approximately 539 of its 600 domestic locations,” as of October 2020, but cities like New York City and Los Angeles remain big obstacles. The issue is getting people into those theaters on a consistent basis without any big movies to encourage attendance.

    Hollywood is done.

    Netflix also cut around 90% of all their new projects.

  • EspenBEspenB

    @Vitaliy_Kiselev

    There was apparently a James Bond themed song during the latest iphone event.

  • Vitaliy_KiselevVitaliy_Kiselev

    Cinemas, swimming pools and gyms will close in Italy from Monday and bars and restaurants will have to shut by 6 pm

    Cinemas in Italy are done.

  • Vitaliy_KiselevVitaliy_Kiselev

    Film critic and screenwriter Drew McWeeny has postulated on Twitter that Apple is seeking to acquire the rights to upcoming James Bond film "No Time to Die" for its video streaming service,

    Interesting.

  • Vitaliy_KiselevVitaliy_Kiselev

    Talked to the guy related to cinema network business.

    Present prognosis that around 60% of cinema places will be renovated and turned into something else as soon as March, and up to 85-90% if it'll last till July.

    Presently all of them are giant money dumping machines.

    Up to 50% of local studios will close till spring end.

  • Vitaliy_KiselevVitaliy_Kiselev

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    This nice green bars mean hundreds of projects that are shut down still.

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  • Vitaliy_KiselevVitaliy_Kiselev

    AT&T’s WarnerMedia is preparing a restructuring that seeks to reduce costs by as much as 20% as the COVID-19 panic drains income from movie tickets, cable subscriptions and TV ads, reports The Wall Street Journal.

    The layoffs are expected to begin in the coming weeks and would result in thousands of layoffs across Warner Bros. studios and TV channels like HBO, TBS and TNT, the paper said.

  • Vitaliy_KiselevVitaliy_Kiselev

    Snappr wants to be the go-to service for business to get fast, easy access to photographers at rates as low as $89 per session. The company operates like a mix of Uber and ThumbTack, with on-demand access to creatives in 200 metropolitan areas, and could be coming to a city near you.

    Meet your new dream work where you'll need second work to get enough to eat in McDonalds.

  • Vitaliy_KiselevVitaliy_Kiselev

    Nikon dealers in Europe received notifications that the following products are already discontinued and cannot be ordered:

    • Nikon D5
    • Nikon SB-300
    • Nikon F6
    • Nikkor Ai-S 50mm f/1.2
    • Nikkor 24mm f/2.8

    Another big batch of lenses and bodies will stop to be made since January (up to 50 SKUs total).

  • Vitaliy_KiselevVitaliy_Kiselev

    Wedding business disaster

    With second wave lot of small companies and individuals will need to find some other jobs to survive, around 25% already closed their doors, but second wave can push out of business another 60% with UK, France and Germany planning to prohibit big official weddings at least until June 2021.

    In US and EU wedding guys and related companies buy as much as 15-20% of some specific camera bodies, lenses, rigs, stabilizers.

  • Vitaliy_KiselevVitaliy_Kiselev

    It is very interesting to see how greedy camera companies became in the last 10 months.

    And how tight they now control all the media and feedback. One wrong word, one wrong toned video - and the guy is out of the loop.

    This is words I got from two independent people working in camera companies.

    Add here that 40% of other leading reviewers use 10-15 Amazon accounts to get body and return body to Amazon after review, and you will get the picture. Amazon, btw started to track such people.

  • Vitaliy_KiselevVitaliy_Kiselev

    Most movie theaters in the US can eventually close down permanently because of this pandemic.

    Situation is very bad, most won't make it past March.

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