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Kodak continues to produce specialty films and film for newer and more popular consumer formats, but it has discontinued the manufacture of film in most older formats. Among its most famous discontinued film brands was Kodachrome. [118] [119] Kodak was a leading producer of silver halide paper used for printing from film and digital images.
Once regarded as a solid blue-chip company, Eastman Kodak began to struggle financially in the late 1990s due to a continuous decline in sales of photographic film. Kodak's management failed to ...
The bankruptcy implosion at Eastman Kodak Co. is going from ugly to uglier. How Antonio Perez has been able to remain CEO is more than just a mystery. Perez is naming the leadership for Kodak's ...
Kodak did make money off of the digital camera patent — billions in fact — until it ran out in 2007. But by the time the company embraced digital, it was too late. Kodak filed for bankruptcy ...
On January 19, 2012 Kodak officially filed for Chapter 11 bankruptcy protection, under which the company had until February, 2013 to provide an acceptable restructuring plan. In a video message, Antonio Pérez was quoted as saying, “What everyone should expect from Kodak is business as usual.”
Instead, now under the protection of chapter 11 bankruptcy, Kodak walks into bankruptcy court with nearly $1.6 billion in debt and only $900 million in cash on its balance sheet -- although these ...
When Kodak announced instant film cameras in 1976, Polaroid announced they were suing them, accusing Kodak of having stolen its patented instant photography process. [1] In the two years that followed the lawsuit, total sales of instant cameras climbed from 7.4 million cameras in 1976 to 10.3 million in 1977 and 14.3 million in 1978.
After all, rumors of Kodak going bankrupt have been making the rounds already. Shares more than doubled one fine day last month, when the company denied those rumors.