From festive parades to bloody warzones, Magnum Photos has been capturing iconic images since 1947. Throughout the industry changes over the years, Magnum – one of the first and most recognized photographer cooperatives in the world - has stayed busy and relevant.

Martine Franck, a Belgian photographer known for understatement and elegance in her work, died at age 74 after a long battle with cancer on Thursday. Photographer Elliott Erwitt, a good friend and colleague, said what characterized her the most was the modesty and intellect not usually found in photographers.