Kodak really wants to get out of the film business

Kodak logoKodak is getting out of the photo paper and film business, the Associated Press reported Friday. The company is looking to sell its document imaging business in order to focus on printing and business services and lift itself out of Chapter 11 bankruptcy.

Kodak filed for bankruptcy protection back in January and has since attempted to sell its digital imaging patents to stay afloat. No one is buying, and the efforts have only earned it squabbles with Apple over ownership and use of some of the patents. Kodak accused Apple of violating a patent for digital image previews, but the International Trade Commission disagreed and ruled in Apple's favor. In another instance, Apple sued Kodak to try to sell two digital camera patents that Apple claimed it owned, but a bankruptcy judge declared them to be Kodak's property.

Now Kodak's film business is up for sale, which includes the wildly overpriced Kodak-sponsored souvenir photo stands at theme parks, according to the AP. Selling a physical film enterprise these days seems like it would be only slightly easier than selling a covered wagon dealership. That said, film-based photography has only grown in popularity with nostalgic hipsters the more it fades from big box store shelves; we wonder if Kodak will accept Kickstarter funds.

Source: Ars Technica

Tags: Kodak

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