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GAMMA PHOTO AGENCY DECLARES BANKRUPCY

It’s another very bad new.This is a war in which the good, the Photojournalism and his followers, are losing battle after battle.
The mythical agency Gamma, founded in Paris in 1967 by Gilles Caron and Raymond Depardon, among others, was declared bankruptcy.
You can see see more info (English & Spanish) and some iconic Gamma photos at
http://pacoelvirafoto.blogspot.com/2009/08/la-agencia-gamma-en-suspension-de-pagos.html

by Paco Elvira at 2009-08-04 06:04:23 UTC Barcelona , Spain | Bookmark | | Report spam→

Where is this confirmed? I know they’ve been struggling recently, but hadn’t heard about bankruptcy.

by M. Scott Brauer | 04 Aug 2009 16:08 | Great Falls, MT, United States | | Report spam→
“Gamma Photo Agency ‘Not Dead,’ to Cut Workforce, Chief Says” (31/7/2009)

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aesBXmsysAKU

by Karl Burke | 04 Aug 2009 16:08 | Dublin, Ireland | | Report spam→
Karl and Scott, I got the news from Reuters

reuters.com – 7/30/2009 Ã 17:17 – 225 words
The agency Gamma placed in file for bankruptcy

The agency Gamma placed in file for bankruptcy
PARIS (Reuters) – the agency of photojournalism Gamma was placed in file for bankruptcy with one period of six months observation, by the bankruptcy court of Paris.

A receiver was appointed to study the map of continuation of Eyedea Presse, which caps inter alia Gamma, and wishes to continue his activity by finding transferees.

Eyedea, head office of this floret of the French photojournalism, had put it in suspension of payment Tuesday.

Stephan Ledoux, chairman of Eyedea, stated that there would be a social plan for the 14 paid photographers of the agency.

Gamma employs about fifty salaried employees and is, with Sygma and Sipa, one of the three agencies having contributed to make of Paris the worldwide capital of the photojournalism in the Seventies.

It was directed in the Seventies per Raymond Depardon.

Union representatives reproach the leadership for having transferred some from the photographers of Eyedea Presse towards the related companies Exclusive and Illustration, considered to be more profitable.

Takeovered by Hachette Filipacchi Media in 1999, Gamma belongs since 2006 to the group Green Recovery, specialist in the takeover of companies in difficulty.

The agency, juridically renamed Eyedea Presses, knew these ten last years a deceased estate of social plans.

In 2008, Gamma lost three million euros, according to Mohamed Lounes, trade unionist Working force and employee representative. In the first half of 2009, the agency also lost three million euros, according to Stephan Ledoux.

Clement Guillou, with Laure Bretton, published by Gilles Trequesser

by Paco Elvira | 04 Aug 2009 21:08 (ed. Aug 4 2009) | Barcelona, Spain | | Report spam→

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Participants

Paco Elvira, Photographer Paco Elvira
Photographer
Barcelona , Spain
M. Scott Brauer, Photographer M. Scott Brauer
Photographer
Boston, Massachusetts , United States ( BOS )
Karl Burke, Photographer Karl Burke
Photographer
Dublin , Ireland


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