Film and camera giant Kodak files for bankruptcy

Film and camera giant Kodak files for bankruptcy 

The Eastman Kodak Co. has filed for Chapter 11 bankruptcy protection after the iconic camera and film company failed to sell its catalogue of digital imaging patents last year or find a buyer to stem its cash deficit.

 

Kodak employs 19,000 workers whose jobs may be affected by the bankruptcy across its businesses, which include the visual effects post-production facility Cinesite in Los Angeles and London and also LaserPacific in LA. Kodak also owns the film storage company Pro-Tek Media Preservation Services in Burbank, California.

Source: Screen Daily

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