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

I have over twenty years professional experience in all aspects of photography and digital imaging. I am Chair of the ISO WG5 TG2 committee responsible for physical properties and durability of imaging material and am currently with HID Global working on systems for security printing for IDs, licenses, and credit cards. Previously, I was Director of Digital Development at Creative Memories from 2009 to 2012 and was responsible for the Creative Memories digital products and services. I also established and directed the Creative Memories Technology Center, which evaluated new products prior to product introduction, assisted with production difficulties, and provided technical information to support product sales.
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One Response to Kodak Files for Bankruptcy

  1. Pingback: Sell Stuff | All About Images Blog

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