Kodak down and out

Thursday Kodak Eastman filed for insolvency.

Kodak – as many former foto/celluloid/print manufacturers – was slogging through just as much trouble, maybe even more than the recording industry. With digital formats, their business model got obsolete the very same moment. So Kodak has suffered double-digit annualized declines and attempts to steer Kodak into a new terrain that includes b2b technology and consumer electronics obviously failed.

 

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