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Kodak files for Chapter 11 bankruptcy | The Verge

Patent lawsuits won’t save Kodak from an overhaul, it seems: as predicted, the photography company just announced that it’s filed for bankruptcy. Kodak says it’s voluntarily filed for Chapter 11 reorganization in New York, in order to “bolster liquidity in the U.S. and abroad, monetize non-strategic intellectual property, fairly resolve legacy liabilities, and enable the Company to focus on its most valuable business lines.”

Having recently purchased a Kodak product and seeing how awful the user experience was, this is the opposite of surprising. Still sad though.

have constantly used kodak products my entire life and never had a problem, i’m saddened by this.

First Kodachrome and now this!? Come on, Eastman folks, you can do this.

Notes:

1. live-sport liked this
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   It’s a shame that...was unable to capitalize on their brand better with technology,...

4. bombadillo reblogged this from sloane0peterson and added:

   well, as long as it’s not ilford, i guess

5. lethargians reblogged this from thisistheverge and added:

   WHY?!?!?!?! PLEASE TELL ME ITS NOT TRUE!

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    I grew up in rochester ny,...kodak and i’m not surprised in the least. why they were so...

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    Can’t say I didn’t see it coming… :-(

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    I’m hoping this has little, to no impact on my project as I have been exclusively using Kodak disposable cameras. We’ll...

34. aim2misbehave reblogged this from greenstate and added:

    Having lived in NY, I’m surprised that they hadn’t filed Chapter 11 over five years ago.

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38. sloane0peterson reblogged this from greenstate and added:

    Oh no :( good bye quality film

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    files for Chapter 11 bankruptcy |...Patent lawsuits won’t save

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47. This was featured in #Tech
48. aconybell reblogged this from greenstate and added:

    First Kodachrome and now this!? Come on, Eastman folks, you can do this.

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