There has been little bits of news all over the web in the past week or so. Some of it bigger than others. Like Kodak filing for bankruptcy. It is sad to see a company which was actually rather innovative – after all they practically invented digital photography – fall because it was too scared to cannibalise itself in a time where their film products ruled the roost. Sad thing is, they could have owned the digital market and still had a profitable film business it seems. Read on for more on this and other stories.
Look what I found! Konica Centuria film. The expiry date is 08/2005, two years after Konica would cease to exist. It took some persuading from my side before the store owner would actually sell it (and the remaining rolls) to me as he was concerned that it was too far past it’s expiry date. It is kind of like the news today around Kodak. Wall Street Journal is reporting that Kodak is in preparations to file for bankruptcy if their current efforts to sell off their patents does not help save the company.
It has not been a good week for Kodak, the historic photographic company that has really struggled with the digital revolution. Earlier this week their share price took a dive following news of the company taking out a substantial loan and now Reuters are reporting that the company’s shares have fallen further as rumours of a restructure and possibly even a filing for bankruptcy begin to surface. For more check out the Reuters story here.

Kodak is credited with taking photography to the masses with great film innovations like the Box Brownie. That said, one cannot help but feel that in a digital world their fortunes began to fade.
Their recent financial report of their last quarter seems to carry rather mixed figures in the eyes of many though the company seems to have a rather positive outlook according to their press statement.
You can pick up the source story for this post regarding Kodak’s falling share price at Peta Pixel.
Kodachrome was the film of choise for thousands of professional photographers over the last several decades and when Kodak finally ran of the last roll, they handed it to world renowned photographer Steven McCurry to shoot it. You can view some of those images by following the link below to his site.
http://stevemccurry.wordpress.com/2010/12/30/the-end-of-an-era-1935-to-2010/
On Saturday we picked our website of the week as GoingPro 2010. Here is another reason why I follow this site.
Scott Bourne posted a brief summary of one of the talks given at Skips’ Summer School where he was to speak as well. The talk he made mention of is one given by Dane Sanders (an accomplished photographer and author) where he highlighted the message of this Kodak Commercial – Keep Me, Protect Me, Share Me. Watch it, enjoy it and be inspired by it. There are one or two moments where it really hits you in the chest.
For generations it has been used to capture everything from family memories to world-changing events. But now Kodachrome itself, Kodak’s oldest camera film, is about to become history. The company has decided
to axe Kodachrome as photographers switch to digital cameras.
The first commercially successful colour film, which has been in production for 74 years, accounts for only 1 per cent of the company’s sales of still-picture films. There is only one laboratory in the world still producing it. Its heyday came in the Fifties and Sixties when it was favoured by still and motion-picture photographers for its rich tones and vibrant colours. Many professional photographers feel this richness is missing from modern digital images.
In 1963, Abraham Zapruder used Kodachrome to film President Kennedy’s assassination in Dallas. The film was even immortalised in the 1973 song Kodachrome by Paul Simon. The lyrics read: ‘They give us those nice bright colours. They give us the greens of summers. Makes you think all the world’s a sunny day.’ Kodak estimates stocks of Kodachrome will run out this autumn. It is still sold by some British retailers, including Boots.
‘The majority of today’s photographers have voiced their preference to capture images with newer technology – both film and digital,’ said president of Kodak, Mary Jane Hellyar. ‘Kodachrome is particularly difficult (to retire) because it really has become kind of an icon,’ she added.
Miss Hellyar insisted that despite the demise of the famous film, Kodak would continue to produce camera film ‘as far into the future as possible’. She pointed out that many professional photographers still refuse to go digital.
Kodak and Fuji have both announced that the prices of film and paper are set to rise by as much as 20% quoting high fuel prices and higher costs of raw materials (silver and aluminium) for the July increases. One wonders how this will affect the demand for film in a world of ever increasing digital camera sales and closing photo labs. Extracts of the official press releases can be found below with full ariticles available by following these links. ( Fuji – Kodak )
Fuji
FUJIFILM UK Ltd. (Managing Director Hiroshi Saigusa) has announced that it is to increase prices on its range of photographic papers and films in the United Kingdom. The price changes are being implemented on a worldwide basis.
Prices will be increased from July 2008 and will range between 10% and 20% depending on the product group.
To sustain its photo imaging business, FUJIFILM has been undertaking intensive structural reforms to reduce fixed costs and improve productivity, and has been absorbing the increasing costs of raw materials used to manufacture films and papers over the past few years. However, the recent soaring costs of such materials as silver and crude oil mean that FUJIFILM is no longer able to absorb these costs during the production process.
Kodak
ROCHESTER, N.Y. , May 30 — Eastman Kodak Company today announced that it will increase prices on a select range of consumable products across its businesses on a worldwide basis.
Prices will increase as much as 20%, depending on product line and geography. The increases are a result of the soaring prices of key raw materials, especially silver and aluminum, as well as the rising cost of petroleum.











Recent Blog Comments