Kodak to sell film business
Kodak has announced it will sell its shelf print-film business in a bid to escape bankruptcy
The company will sells its still-camera film and photo paper divisions, leaving it to solely focus on printers, chemicals and cinema film stock.
As well as still camera film, Kodak’s sale will also put an end to its photo papers, theme park souvenir products and store print-out kiosks.
The company filed for bankruptcy protection back in January, and has since been trying to raise funds by selling over 1,100 digital imaging patents. Several companies, including Apple, Google and Samsung have reportedly joined forces to bid for the patents.
Though a buyer was said to be announced last week, nothing has been heard, and Kodak said “discussions continue”. Watch this space.