Pixel Magazine - 15th February 2013

Page 1

ISSUE NO. 891

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BIRMINGHAM NEC 3 - 6 MARCH

2013

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THE MAGAZINE THAT UNDERSTANDS THE WORLD OF IMAGING, PAST, PRESENT AND FUTURE

News What IS HTC’s “New Camera Experience”? HTC’s new flagship model - set to be revealed later this month - is set to include a “new camera experience”, according to the brand’s hints online, but what could it be? Commentors and bloggers are currently favouring the idea that the phone will boast a three-sensor camera, but this is only rumour at the moment. We’ll find out when the company reveals the new phone, expected to be on 19th February.

New Tech Drives Imaging Sales Back to Growth Based on GfK’s figures for 2012, Photo outperformed Consumer Electronics which saw a value decline of 18 percent when compared to 2011, whilst imaging products saw a drop of 10 percent. Competition for point and shoot cameras from smartphones was instrumental in this decrease. Increases were predominantly driven by SLR and CSC, bridge and super zoom models. The move towards online purchasing remains a threat, so customer service remains key. This allows retailers to show off the increasing capabilities of new models without cannibalising in store performances, enabling increased sales and essential add on purchases. Richard Gregory, GfK Account Director said: “When looking at volume, the market is suffering. However, some promising key segments are still performing well and bringing significant value to the overall market.’ www.gfk.com

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15/2/2013

KODAK TRANSFORMS Imaging’s oldest brand is set to receive the boost it needs for continued success in today’s very different imaging market.

US bankruptcy courts have approved a financing package that will see Kodak on track to emerge from Chapter 11 bankruptcy protection this summer. Kodak has also announced the sale of the brand’s digital imaging patents. The loan will come from an amalgamation of lenders including Silver Point Capital LP and Contrarian Capital Management LLC. It is expected that Kodak will use the funds to repay the balance on an existing $950 million bankruptcy loan from a group led by Citigroup Inc. The rest

of the money will be used to fund Kodak’s business as it emerges from the reorganisation. “This agreement, in conjunction with the recently approved sale and licensing of our digital-imaging-patent portfolio, lays the financial foundation for our reorganisation and a successful emergence from Chapter 11 as a profitable and sustainable company,” Kodak Chairman and Chief Executive Antonio M. Perez said in a statement. For more on the future of Kodak and how this affects the brand’s UK presence, see our exclusive special report on page 5.

Jessops Revival on Horizon? With new investments and a possible rescue on the cards, we may not have seen the last of photography’s biggest high street chain. Peter Jones, owner of internet specialist Phones International, has bought the Jessops brand and “other assets” (thought to extend to leftover stock and intellectual property). A spokesman for the administrator confirmed “We have sold the brand and certain other assets to a number of buyers including entrepreneur Peter Jones and the ‘turnaround’ group Hilco, who recently bought the HMV debt.”

Rumour has it that this convergence of expertise may see a revamped HMV with a Jessops mini-store within it on high streets in the UK. HMV’s business model was altered relatively recently to include products that demand more advice and active selling than CDs and DVDs, such as high-ticket headphones and games consoles, which is not a huge leap of the imagination from the environment Jessops cultivated for selling cameras, so it’s not too hard to imagine transplanting a mini Jessops store into an HMV unit. This theory could also explain why Peter Jones’ plans are not thought to include the reopening of any of the physical Jessops stores. So what of the others in that “number of buyers”? Retail entrepreneur Theo Paphtis indicated his interest in a number of the locations, perhaps to turn them into Robert Dyas or Ryman stores, and it has recently been confirmed that Morrisons has bought seven of Jessops’ now-vacant units. For more news and voices on how Jessops’ status is affecting the imaging trade, see page 10.

BIRMINGHAM NEC 3 - 6 MARCH 2013 10am - 6pm Sunday, Monday, Tuesday 10am - 5pm Wednesday Pixel feb 2013.indd 1

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