Kodak to file for Chapter 11 Protection
Posted:
Thu Jan 05, 2012 9:42 am
by gstark
Re: Kodak to file for Chapter 11 Protection
Posted:
Thu Jan 05, 2012 10:21 am
by Reschsmooth
Whilst indeed sad, let's not forget that Chapter 11 does not necessarily mean the end of Kodak. Sure, it bodes ill for its future, but it is largely a mechanism to provide bankruptcy protection whilst it tries to reorganise itself. I understand they have sold off their gelatin business, allowing them to purchase the gelatin back at prospectively lower prices.
I have also read that cinematic film use will be overtaken by digital within about 2 years. This will be the key driver to the longevity of film production and use. Will there be one major player (Ilford) with a few minors?
I definitely would like to see permanency in film production, but am not holding my breath.
Re: Kodak to file for Chapter 11 Protection
Posted:
Thu Jan 05, 2012 10:43 pm
by aim54x
Certainly is a sad day when Kodak files for Chapter 11.....maybe we should all start stockpiling film
Re: Kodak to file for Chapter 11 Protection
Posted:
Fri Jan 06, 2012 12:29 am
by Steffen
aim54x wrote:Certainly is a sad day when Kodak files for Chapter 11.....maybe we should all start stockpiling film
Wanna buy mine? I found a dozen rolls of Kodachrome (complete with mail-in bags) the other day while clearing out my drawers.
Cheers
Steffen.
Re: Kodak to file for Chapter 11 Protection
Posted:
Fri Jan 06, 2012 6:18 am
by Mr Darcy