What’s new about that?
I have to admit that I wasn’t exactly aware that they were still in business. Whenever I happen see one of Kodak’s once-ubiquitous yellow-orange and red signs in a store window or perhaps its film boxes in the window of a camera store, I’ve pretty much assumed it’s just something left over from 20-30 years ago.
Well, we’ll always have Polaroi...oh, wait.
They should have shut it down 10 years ago. What happens with pensions?
If Kodak was smart back in the 50s, it would have put its extensive resources into creating and improving cheap and safe film developing kits for kids up through at least the 80s. Could have had a few generations of kids, parents and other adults doing that as a hobby despite the advent of digital cameras, as opposed to the costly activity that it has always seemed to be. I was interested in it for a while but couldn’t afford Kodak’s film developing materials and equipment. Even in school we were limited to what we could do because of the cost of materials. Kodak would have lost some of its own development revenue but lasted longer.
They can always invest in buggy whips.
Didn’t they say digital photography will never work and didn’t change their business plan.
As I recall, Kodachrome film processing was a proprietary process, it had to be done by Kodak or Kodak licensed developers. You could get their other films processed just about anywhere, or do it yourself if you were so inclined.
Around 1990 my group was looking at a new product line that Kodak was launching. It performed well but was not cheap. In a review, several senior level engineers visited along with some upper management type. The latter was blunt - “buy our product or these people will be out of work.” Amazing. Well, we didn’t and Kodak shut the line down.
Sadly, Kodak is going the way of Sears.
Sears had the biggest mail order business in the country and could not adapt to modern times. They sold off their most profitable name, Craftsman, and kept their dead weight, which sent them right down the drain.
Craftsman still lives. I suspect the Kodak name will be purchased and also survive.
Kodk has been pivoting into a medical production plant
Kodak’s been shriveling for decades - they started going “woke” in the late 70s
Kodak killed its biz model with the invention of the digital camera. What were they thinking?
Don’t take my brownie away!
Amazing what poor management can do to a premier business organization. So many great companies have failed due to lack of vision, lack of managerial competence, lack of leadership.
Nothing is too big to fail - just look at our government agencies. It’s why you need to lead and adapt which is why closing the education department and so many others is the right thing to do, long overdue.
I thought both Kodak and Polaroid had disappeared long ago.
At that time, Eastman and Juilliard were considered the #2 and #1 music schools in the USA.