{"id":8638,"date":"2013-08-21T16:35:00","date_gmt":"2013-08-21T15:35:00","guid":{"rendered":"http:\/\/amateurphotographer.co.uk\/uncategorized\/kodak-to-exit-bankruptcy-protection-ap-comment-update-8638"},"modified":"2014-09-02T13:11:45","modified_gmt":"2014-09-02T12:11:45","slug":"kodak-to-exit-bankruptcy-protection-ap-comment-update","status":"publish","type":"post","link":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/kodak-to-exit-bankruptcy-protection-ap-comment-update\/","title":{"rendered":"Kodak to exit bankruptcy protection \u2013 AP comment (update)"},"content":{"rendered":"

The firm expects to leave bankruptcy protection status on 3 September.<\/p>\n

Kodak CEO Antonio M Perez (pictured) said: \u2018Today, the court confirmed Kodak’s Plan of Reorganization. This critically important milestone marks the final step in the court process.’<\/p>\n

Though the story made business news headlines today \u2013 including a brief, unexpected appearance by AP on Sky News \u2013 it is unlikely to have much impact on consumers.<\/p>\n

Kodak was there at the start of the digital revolution, having conducted pioneering research at the birth of digital photography.<\/p>\n

In 1975, Kodak was famously credited as inventing the first digital camera.<\/p>\n

But it was overtaken by rivals and no longer makes its own cameras. <\/p>\n

All a far cry from when Kodak brought photography to the masses with the Brownie in 1900 and the Instamatic in the 1960s.<\/p>\n

It also invented the first mass-market colour film, Kodachrome, which proved massively popular with photographers worldwide.<\/p>\n

It went on to develop the first commercially available digital SLR camera in 1991.<\/p>\n

Kodak no longer makes Kodachrome and effectively turned its back on professional photographers and enthusiasts by pulling out of the market for cameras with changeable lenses in 2005, later saying that it couldn’t make a profit from this area, as it didn’t make its own lenses.<\/p>\n

\n Slow to react <\/strong>\n <\/p>\n

Kodak missed the boat. It was slow to see the end of its core market \u2013 film \u2013 and competition in the digital sector from non-camera brands.<\/p>\n

Though it continued to make imaging sensors, it focused on budget-priced compact cameras in an overcrowded market when camera phones were beginning to take over.<\/p>\n

Leaving bankruptcy protection is undoubtedly good news for the business \u2013 it seems Kodak will now focus on its commercial printing activities.<\/p>\n

Kodak’s CEO added: \u2018Next, we move on to emergence as a technology leader, serving large and growing commercial imaging markets \u2013 such as commercial printing, packaging, functional printing and professional services \u2013 with a leaner structure and a stronger balance sheet’.<\/p>\n

\n Film and paper business sell-off<\/strong>\n <\/p>\n

Kodak is in the throes of selling its Personalized Imaging business, which includes photo kiosks, film and photographic paper, to thousands of former Kodak employees. <\/p>\n

The firm has decided to stop selling consumer inkjet printers.<\/p>\n

Though Kodak’s finances were boosted by selling digital imaging patents, it is unlikely to be the force it once was, as far as the camera-buying public is concerned. <\/p>\n

That said, the Kodak name will live on<\/a>. Though it no longer makes its own cameras, the brand continues on new, fixed-lens digital cameras<\/a> made by US firm JK Imaging under a licensing agreement. <\/p>\n

There are also plans for an interchangeable-lens camera in the coming months \u2013 though this seems to have been hit by a delay<\/a>. That is not such good news.<\/p>\n","protected":false},"excerpt":{"rendered":"

Eastman Kodak\u2019s emergence from Chapter 11 bankruptcy protection has been approved by a court in the United States.<\/p>\n","protected":false},"author":324,"featured_media":8639,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39],"tags":[],"product-category":[],"class_list":["post-8638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-photo-news"],"yoast_head":"\nKodak to exit bankruptcy protection \u2013 AP comment (update) - Amateur Photographer<\/title>\n<meta name=\"description\" content=\"Eastman Kodak\u2019s emergence from Chapter 11 bankruptcy protection has been approved by a court in the United States.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/kodak-to-exit-bankruptcy-protection-ap-comment-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kodak to exit bankruptcy protection \u2013 AP comment (update)\" \/>\n<meta property=\"og:description\" content=\"Eastman Kodak\u2019s emergence from Chapter 11 bankruptcy protection has been approved by a court in the United States.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/kodak-to-exit-bankruptcy-protection-ap-comment-update\/\" \/>\n<meta property=\"og:site_name\" content=\"Amateur Photographer\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/Amateur.photographer.magazine\" \/>\n<meta property=\"article:published_time\" content=\"2013-08-21T15:35:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2014-09-02T12:11:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/other.kelsey.host\/amateurphotographer\/wp-content\/uploads\/sites\/16\/2013\/08\/low_res_KODAK_Perez.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"425\" \/>\n\t<meta property=\"og:image:height\" content=\"595\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Megan Graye\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AP_Magazine\" \/>\n<meta name=\"twitter:site\" content=\"@AP_Magazine\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Megan Graye\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/kodak-to-exit-bankruptcy-protection-ap-comment-update\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/kodak-to-exit-bankruptcy-protection-ap-comment-update\/\"},\"author\":{\"name\":\"Megan Graye\",\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/#\/schema\/person\/09a37c0ec6db00d983eb2045e99ff2f1\"},\"headline\":\"Kodak to exit bankruptcy protection \u2013 AP comment (update)\",\"datePublished\":\"2013-08-21T15:35:00+00:00\",\"dateModified\":\"2014-09-02T12:11:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/kodak-to-exit-bankruptcy-protection-ap-comment-update\/\"},\"wordCount\":460,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/kodak-to-exit-bankruptcy-protection-ap-comment-update\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/other.kelsey.host\/amateurphotographer\/wp-content\/uploads\/sites\/16\/2013\/08\/low_res_KODAK_Perez.jpg\",\"articleSection\":[\"Latest news\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/kodak-to-exit-bankruptcy-protection-ap-comment-update\/\",\"url\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/kodak-to-exit-bankruptcy-protection-ap-comment-update\/\",\"name\":\"Kodak to exit bankruptcy protection \u2013 AP comment (update) - 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