Eastman Kodak Files for Chapter 11 Bankruptcy

Thursday, January 19, 2012

A sign is lit at the Kodak booth at the 2012 International Consumer Electronics Show at the Las Vegas Convention Center. (Kevork Djansezian/Getty)

A business and tech story that has the ring of the inevitable to it. A company that practically alone, created the modern global high-tech consumer culture has declared bankruptcy. Eastman Kodak, this morning a penny stock on the New York Stock exchange. The company that invented consumer photography, more than a century ago has filed for bankruptcy, taken out a credit lifeline, put it's portfolio of storied patents on the block, and started a clock which may tick down to the total end of an American technology story that is among other things emblematic of the digital age we live in.

Louise Story is investigative reporter for our partner The New York Times. Graham Harrison is a photographer and amateur historian of photography.


Graham Harrison and Louise Story

Comments [5]

Graham Harrison from Oxford, England

Jane from SC is right in that some of the Kodak products have a simple beauty. For me there was beauty in a number of the Kodak films like Kodachrome, Tri-X and my (much lamented) personal favourite transparency film Ektachrome 64. As a professional you learnt to use the idiosyncrasies of different films to your creative advantage.

Jan. 19 2012 01:04 PM

I'm a scuba diver, not the rich kind, just a diver . I use a water tight plastic box from Ikelight made to hold a point and shoot kodak with drop in film. i have used it since 1990. i can't afford to go waterproof digital, i bought some film on ebay, but i may not get to take dive pics until i get rich or prices come down on dive digitals.

Jan. 19 2012 11:23 AM
David in Rochester

I work for Kodak. Still proud. Press on.

Jan. 19 2012 10:58 AM

Had I the reigns of Kodak, once digital photography got started I would have paired up with a company that was good in electronics to make product lines under the Kodak name (to compete with Sony, Canon). Since Kodak owns the patents I would have allowed the electronics firm free access to patent licenses. Then I would have reduced and retasked the film division to produce a line of high-end cameras (to compete with Hasselbad).

Also, I would've looked for ways to go into agreements with phone makers to improve their built-in cameras with patented Kodak technology.

Jan. 19 2012 10:38 AM
jane from SC, but a Democrat

My little 3 x 3 Baby Brownie made pictures that same size on Kodak Film Verichrome V127. still a thing of beauty.

Jan. 19 2012 09:27 AM

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