Calumet Photographic, the 75-year-old camera supply and rental company, has filed for Chapter 7 bankruptcy, the Chicago Tribune reports.
This morning, Calumet announced on its Facebook page that it had closed all its stores in the US, though its stores in Europe remain in business. Calls to Calumet stores in New York, Chicago and Los Angeles were not returned, and the company’s website is down.
Calumet’s bankruptcy filing lists 585 creditors, including photo manufacturers such as Canon, Fuji, Manfrotto, Phase One, Hasselblad, Cambo, Mac Group and many others.
PDN will continue to follow this story.
California-based Brooks Institute and Massachusetts-based Hallmark Institute of Photography have cancelled classes for the fall and announced plans to close down. The two schools, both private for-profit visual arts colleges, have struggled over the past decade with declining enrollments, financial stress, and management shake-ups. Administrators are also blaming new regulations regarding for-profit schools. “[R]ecent changes... More ›
When we were researching our story “What Lawyers See When They Look at Editorial Photography Contracts,” which appeared in the June issue of PDN, we asked photographers to tell us about editorial contracts they feel are unfair to photographers. We received a copy of a Condé Nast contract sent to a photographer in 2013 as... More ›
In the current editorial photography market, budgets are shrinking as contract terms become less favorable for photographers. As a follow-up to our story “What Lawyers See When They Look at Editorial Photography Contracts,” we surveyed photographers who shoot editorial assignments about the financial challenges of the editorial photography market. A total of 142 photographers responded.... More ›