Kodak and Pro Film

Kodak

Kodak announced yesterday :

“Eastman Kodak Company today announced a comprehensive settlement agreement with the U.K. Kodak Pension Plan (KPP), its largest creditor, with respect to its Chapter 11 Plan of Reorganization. Under the agreement, which will be filed with the U.S. Bankruptcy Court, Kodak’s Personalized Imaging and Document Imaging businesses will be spun off under new ownership to KPP.”

But, you ask, what does this mean for the future of Pro films like TX400, Portra and Ektar? The answer- direct from my friends at Kodak is:… nothing! All pro films both still and motion are not affected by this agreement. Furthermore, this agreement should give Kodak a better financial footing (exit chapter 11!!!!!) and help to keep film production in Rochester alive for the forseable future- a very good thing.

Now take a deep breath and go buy and shoot some film!

Viva la Revolution- Stephen

Link to press release:

http://www.kodak.com/ek/US/en/Kodak_Announces_Comprehensive_Settlement_with_U.K._Pension_Plan_Moving_Kodak_toward_Exit_from_Chapter_11.htm

4 Responses

  1. Don

    Stephen-

    My friend is a photog like me. I sent him your thread on Kodak… Here is what he found on CNN MONEY re: Stock since 2004…& now what it is trading for in today’s market…

    http://money.cnn.com/quote/chart/chart.html?symb=EKDKQ

    Here’s the real stuff; forget all the talk look at trading graf
    2004= $34.00/share
    Today at closing 15cents/share.

    No more ecktochrome 16mm/35mm or super8

  2. John Lee

    Same here, just shoot film. I frankly think that there is too much Kodak bashing. They got caught in massive change and couldnt change.

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