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Kodak are selling their still film business


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Showing 1-6 of 6 posts in this discussion
Initial post: 15 Sep 2012 12:29:47 BDT
Eastman Kodak has confirmed plans to sell its traditional film and photographic paper businesses.

The company has already pulled out of the digital camera market, after filing for bankruptcy protection in the US.

Kodak is pulling out of the Personalized Imaging and Document Imaging businesses, which include `traditional photographic paper and still camera film products'.

In a statement, CEO Antonio M Perez said the firm plans to focus primarily on commercial, packaging and functional printing solutions, and enterprise services.

More here:
http://www.amateurphotographer.co.uk/photo-news/539075/kodak-ditches-film-and-paper-businesses?utm_source=cheetah&utm_medium=email&utm_campaign=Nikon%201%20J2&ap

Posted on 22 Sep 2012 16:52:21 BDT
Zelazowa says:
Great name... what a shame about this "Kodak moment"..... I wonder who they are "selling" to? Wonder also what "bankruptcy protection" is...? Still if that fails there's always Barclays who are the only bank now accepting bankrupts...! Thanks for the link, Doc... could this also be posted under the film forum or even the sick of digital now one...? George Eastman 1889 - 2012 RIP... Rest In Pixels.....

Posted on 10 Oct 2012 12:12:25 BDT
this article could help: http://en.wikipedia.org/wiki/Bankruptcy_in_the_United_States

Posted on 14 Oct 2012 15:52:58 BDT
Bankruptcy in the US is similar to a company going into Receivership here in the UK. It affords protections from creditors and potentially allows the business to get its affairs in order to continue trading or to fail completely where its assets are sold off to pay its creditors. There is personal bankruptcy as well, however, it carries a heavy penalty with regards to the ability to attain any credit in the future.

Posted on 15 Nov 2012 16:04:07 GMT
They have obtained more funds but will sell more of their patents and their printer business.
They will not be left with much after that. I wonder what will happen when the cine market dries up?

Posted on 16 Nov 2012 00:09:30 GMT
G. E. Hearn says:
I'll go back to Fuji I guess. Although I hope the film stays in production, obviously.
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Participants:  5
Total posts:  6
Initial post:  15 Sep 2012
Latest post:  16 Nov 2012

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