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Aug 24, 2012

Kodak Is Selling Off Its Legendary Film Business

Kodak is really closing out its era as a photographic monolith, opting to sell off its film business entirely. As the Wall Street Journal reports, Kodak will not only sell its print film production, but also its digital imaging kiosks, and the printers and scanners that go with them.

Following its bankruptcy claim, Kodak had initially hoped to pay back the banks it owed by selling off part of its patent portfolio. But amid delays, Kodak realized they weren't going to make enough to cover the costs. The company hopes that by selling off it's personal imaging division and moving towards becoming a printer business, it can regain some of its mojo. More here.

2 comments:

YeamieWaffles said...

This is sad news for Kodak, they really have went downhill but I guess every company has an end.

Adam said...

not worth much anymore