Eastman Kodak files for bankruptcy

Discussion in 'News and Rumors' started by BBW, Jan 19, 2012.

  1. BBW

    BBW Administrator Emeritus S.C. Charter Member

    Jul 7, 2010
    betwixt and between
    Real Name:
    BB
    Just saw this on the New York Times: Eastman Kodak Files for Bankruptcy - NYTimes.com by MICHAEL J. DE LA MERCED

     
    • Like Like x 1
  2. Biro

    Biro SC All-Pro Subscribing Member

    Aug 7, 2011
    Jersey Shore
    Real Name:
    Steve
    Yes... as sad as this is, it's hardly a surprise at this point. And while I'm rooting for Kodak, in my heart I don't think they are going to make it for the long haul.

    Film is dying rapidly. Consumers have already left it and now, finally, Hollywood is abandoning it. Kodak has already sold off their camera-sensor division. Too bad. Sensors are the "film" of digital cameras and Kodak's were good enough to be used by Leica. Once they sell off all their patents, what's left? Third-rate consumer cameras made by a third party in China and printers and paper? Why bother? People don't even print in the numbers they used to.

    I expect even if Kodak survives Chapter 11 for a few years, the company will probably ultimately be bought or otherwise absorbed/dissolved with the Kodak name being sold off. We'll probably see it on some cheap products the way we see Polaroid today.

    Kodak is such a metaphor for the U.S. At one time the best and brightest before becoming arrogant and slow-witted, living off its reputation for a while and ultimately being unprepared for the complexities of the 21st century. And I say this as an American.
     
  3. Duane Pandorf

    Duane Pandorf SC Top Veteran

    868
    Apr 25, 2011
    Western NC
    This is no surprise to me as anyone paying attention could see the writing on the wall. Kodak completely blew it. If I remember correctly, they we one of the first providing a high end digital sensor that they put on a Nikon body.

    They also could have been the "Epson" printer of choice for digital prints as they had the ability and no how to segway into that field and been tops.

    So many other opportunities that they missed where they could be the leader in this industry.

    What they lacked was true leadership at the top with the vision that was required in this new world.
     
  4. serhan

    serhan SC All-Pro

    May 7, 2011
    NYC
    Kodak vs Fuji

    Interesting perspective on Economist:

    Kodak is at death’s door; Fujifilm, its old rival, is thriving. Why?

    "The two firms have much in common. Both enjoyed lucrative near-monopolies of their home markets: Kodak selling film in America, Fujifilm in Japan."

    Technological change: The last Kodak moment? | The Economist
     
    • Like Like x 1
  5. DownUnderDog

    DownUnderDog SC Regular

    After 46 years in the photographic industry I can only remember Kodak for its film and papers. The only Kodak item I was still using when I retired last year was their Professional Instant dry Inkjet paper. A decent product at a decent price. In my retailing years we only sold their cameras by name not by quality or respect. At great expense I purchased one of their first Pro digital cameras - a model 520 based on a Canon EOS 1 body and a kodak sensor. We only used it briefly because the sensor was soon far too inferior. After that we stayed with Canon on its own. Bye bye Kodak!
    Cheers (well not really)
    DUD
     
  6. stillshunter

    stillshunter Super Moderator Emeritus

    Nov 5, 2010
    Down Under
    Real Name:
    Mark
    Excellent commentary so far. But I'm still left with the question: Does Kodak's demise indicate a demise in film?

    As Biro and Duane said (most eloquently! :thumbup:) Kodak has been mis-managed or mis-lead for some time. Also as Serhan pointed out, Fujifilm is thriving (by diversifying their product range and not only satisfying, but driving, market demand), and maintains its film line.

    So will the absence of Tri-X and Portra from the shelves, just mean more sales of Acros and Velvia?

    I actually thought film still had a niche but steady market - with small peaks. I, for one, would be very sad to see the demise of film as they've yet to make a sensor that can render skin-tones - or possess the tonal range of B+W - like film!!!
     
  7. Duane Pandorf

    Duane Pandorf SC Top Veteran

    868
    Apr 25, 2011
    Western NC
    I don't have a film camera anymore and have considered buying one of those collectibles from an older rangefinder to one of the Ricoh 35mm cameras with the fixed lens. But, my problem was and still would be, taking the film in to get developed.

    Maybe that would change now that I've become more active with my photography but I'm not sure. It would probably only happen to justify buying the film camera that I would go through with that process.

    I have enough trouble just getting the time to upload images and look at them on the computer.
     
  8. stillshunter

    stillshunter Super Moderator Emeritus

    Nov 5, 2010
    Down Under
    Real Name:
    Mark
    Precise reason I'm looking forward to shooting some film soon. I'm finding it high-time to focus more on print rather than downsizing for screen. I've also got to thinking about the fundamental differences between both formats.
     
  9. drd1135

    drd1135 SC Hall of Famer Subscribing Member

    Jul 13, 2011
    Southwest Virginia
    Real Name:
    Steve
    The biggest threat to film now is the movie industry converting to digital. If they stop using film, then it might simply become really unprofitable for any major company to make film. Of course, B&W film is not that hard to make so a few little (Chinese?) companies might pick it up.
     
  10. Biro

    Biro SC All-Pro Subscribing Member

    Aug 7, 2011
    Jersey Shore
    Real Name:
    Steve
    Yes, I expect we'll see black-and-white film for quite some time because it's easier to do. And we still have Ilford. What's more, both professional and serious hobbyists can still mix their own black-and-white processing chemicals easily enough. Color? It's more complicated and really can't be done at home. But we actually might see that under an Asian or Eastern European brand as well. Since Kodak is selling off most of its patents, I'm sure they'd sell their film technology as well.