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How To Install ImageMagick 7.0.1-5 on Ubuntu 16.04 and Derivatives

ImageMagick 7.0.1-5 recently released, is a software suite to create, edit, compose, or convert bitmap images. It can read and write images in a variety of formats (over 100) including DPX, EXR, GIF, JPEG, JPEG-2000, PDF, PNG, Postscript, SVG, and TIFF. Use ImageMagick to resize, flip, mirror, rotate, distort, shear and transform images, adjust image colors, apply various special effects, or draw text, lines, polygons, ellipses and B├ęzier curves.