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Industry News, 2: Magnum Takes First Outside Investor

By David Schonauer   Monday June 19, 2017

Magnum Photos is taking outside investment for the first time in its 70-year history, reports the British Journal of Photography. The new investors are Nicole Junkermann and Jörg Mohaupt, two media experts who have financed various tech ventures, adds Time. Junkermann and Mohaupt are creating a new subsidiary, Magnum Global Ventures, that will manage and control all of the photo agency’s assets in order to “take advantage of new editorial and commercial opportunities afforded by digital technology.”

Read the whole story at British Journal of Photography.

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