Kodak to Sell Film Assets
It seems that Kodak moments have become a thing of the past as the photo company is getting out of the film game. According to Bloomberg, Eastman Kodak Co. is putting its consumer film, scanner, and photo kiosk businesses up for sale. Kodak filed for Chapter 11 bankruptcy protection in January of this year, and the sales of these business units is the company's attempt to reorganize and emerge from the bankruptcy. After the sale of these assets, Kodak will focus more on printing devices and film only to select commercial customers. Kodak's difficulties partially stem from its slow adoption of new technology like digital photography, a rather ironic twist as they were the company to invent the first digital camera in the 1970's.
|Kodak to Sell Film Assets|