1. It’s official, Kodak’s on the way out

    …”To all intents and purposes it is the end of the “Kodak moment”. More than 130 years after a “not especially gifted” high school dropout, George Eastman, founded the camera company that dominated photography for most of the 20th century, Kodak Eastman filed for bankruptcy protection in the US on Thursday.

    The company which once sold 90 per cent of the film used in the US and made a type of film - Kodachrome - so beloved by amateur and professional photographers that Paul Simon wrote a hit song about it, finally succumbed to the digital revolution which left its products obsolete after years of ferocious competition from more light-footed rivals in the Far East.

    …Robert Burley, professor of photography at Ryerson University in Toronto, said: “Kodak has been obliterated by the creative destruction of a digital age. Like many of its competitors, it appears unable to make the transition into the 21st century. Five years ago, it was unthinkable that this American business legend would find itself in a bankruptcy position. Kodak was caught in a perfect storm of not only technological, but also social and economic change.”

    Best stock up on my Kodak EKtar 100 film then eh?

    (Source: theage.com.au)

    2. 4 months ago  Notes (8)