Flickr is acquired by photo storage service SmugMug

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SmugMug has officially acquired the popular Photo-sharing platform, Flickr. According to SmugMug’s officials, they are agreed to buy image and video hosting website, Flickr. The amount is not disclosed by the giant yet. 

USA Today has disclosed the agreement made by both the photo sharing services on Friday.

SmugMug CEO Don MacAskill said in an interview, “It sounds silly for the CEO to not to totally know what he’s going to do, but we haven’t built SmugMug on a master plan either. We try to listen to our customers and when enough of them ask for something that’s important to them or to the community, we go and build it.”

If we talk about Flickr, it was founded in the year 2004. Flicker was later on sold to Yahoo. And after a few months, Yahoo was recently acquired by Verizon. All the giants come together and came up with an subsidiary brand, Oath. Flickr was bought for $35 Million by Yahoo in the year 2005. At that time, Yahoo was not aware about what to do with the platform.

As per SmugMug’s CEO, Flicker will continue to operate as an independent photo sharing and video hosting service just like before. SmugMug has officially said it in an interview. The agreement’s years could be expanded after it ended, however for now, there is no any statement made by the giants on the period of their partnership at this moment.

Further he added, “Over time, we’ll be migrating Flickr onto SmugMug’s technology infrastructure, and your Flickr photos will move as a part of this migration — but the photos themselves will remain on Flickr.”

The company has further added a special FAQ section to describe this agreement. As per their FAQ section, “SmugMug and Flickr represent the world’s most influential community of photographers, and there is strength in numbers. We want to provide photographers with both inspiration and the tools they need to tell their stories. We want to bring excitement and energy to inspire more photographers to share their perspective. And we want to be a welcome place for all photographers: hobbyist to archivist to professional.”

The CEO has added that, the companies promise that photography will be “a priority” for Flickr and that’s how they will provide a whole new service to all of us in the future.

As mentioned above, there is no financial terms were disclosed during an interview. The companies have made an official agreement and we would love to see a whole new platform to explore through this agreement.