Kodak Files for Bankruptcy

This morning’s headlines include Eastman Kodak’s bankruptcy filing. What does this mean? My suspicion is not much, although the articles I read are unclear as to what will happen to traditional silver halide films and papers.

Film is largely unnecessary given the prevalence of digital cameras and may or may not remain. Traditional photographic paper, on the other hand, still fulfills a role and is likely to continue. After all, prints, either as a photo book or as 4×6 prints, are still the best way to preserve digital photos.

As I discussed in The Demise of Kodak?, Kodak makes many other high-quality products, including commercial and home printers. In all likelihood, these products will survive because they address specific digital product needs.

Employees, retirees, and stockholders will certainly suffer with the bankruptcy filing, but the company will continue. I speak from personal knowledge having gone through a similar situation at Creative Memories. And in fact, if Kodak is able to align its debts and business commitments with its business model it is likely to be a far healthier company when it emerges from bankruptcy.

About Mark Mizen

At Creative Memories, I evaluate photographic products and related materials so that today's memories are not lost to the future and then communicate this information to Creative Memories Consultants and their customers. My interests extend from preservation of traditional photographs to the production of photo books to the expected longevity of electronic image files. My long-term objective is to direct the development of technology that meets consumers needs for high-quality products.
This entry was posted in Digital Photos, Industry Info and tagged , . Bookmark the permalink.

One Response to Kodak Files for Bankruptcy

  1. Pingback: Sell Stuff | All About Images Blog

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s