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Once the darling of the photography world, long-time film maker Kodak is close to filing for bankruptcy, according to the WSJ.
The company is currently shedding $70 million (£45 million) a month as it tries to shift its business model from film to printers. The entire situation is quite sad when you realise how intertwined Kodak is to not just America’s past, but the collective photographic memories of everyone with a photo album. According to WSJ sources, unless the company finds buyers for its patents, Kodak could file for Chapter 11 as soon as this month.
Evolve or die folks, evolve or die. [WSJ]
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Anyone know if the printer arm is separate from the rest or will be included in this?
That’s surprising to hear as much as it is disappointing. Another big name firm down.
Used to use them when I had old film cameras (yonks ago!), although whenever I would ask Kodak to develop my family snaps, they would never get my surname right on the return package(often changing the mis-spelling as well!)