The Day… the Film Died.
(Read the title above to the tune of “American Pie” by John McClean.)
It is a sad day. I was my High School’s Newspaper and Yearbook Photographer. I shot sporting events, pushed my film speed to ASA 4000 by using unorthodox film developer practices so I could take night-time action shots, and generally LOVED Kodak film! (Though my favorite color slide film was Fuji!) I even ended up with a BFA in Painting, Printmaking and Photography from UNC-G. Anyway, film is going he way of the buggy-whip, so I shed a tear of reminiscence over Kodak’s demise.
Not a Kodak Moment: Legendary Camera Maker Files for Bankruptcy Protection
“Struggling camera maker Kodak said on Wednesday night that it has filed for Chapter 11 reorganization.
The move, which had been expected, follows years of struggle by the film giant to transition to a digital imaging company. In recent months, the company has sought to capitalize on its patents and, in recent days, has sued Apple, HTC and Samsung.
Kodak said it hopes to emerge from bankruptcy in 2013 and intends to conduct business during the restructuring using $950 million in financing from Citigroup. As part of the move, the company said it has named Dominic DiNapoli, vice chairman of FTI Consulting, as its Chief Restructuring Officer.”