63 Facts About Eastman Kodak

Eastman Kodak Company is an American public company that produces various products related to its historic basis in analogue photography.

Eastman Kodak is headquartered in Rochester, New York, and is incorporated in New Jersey.

Eastman Kodak provides packaging, functional printing, graphic communications, and professional services for businesses around the world.

Eastman Kodak's ubiquity was such that its "Kodak moment" tagline entered the common lexicon to describe a personal event that deserved to be recorded for posterity.

Eastman Kodak began to struggle financially in the late 1990s, as a result of the decline in sales of photographic film and its slowness in moving to digital photography, despite developing the first self-contained digital camera.

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In January 2012, Eastman Kodak filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District of New York.

Shortly thereafter Eastman Kodak announced that it would stop making digital cameras, pocket video cameras and digital picture frames and focus on the corporate digital imaging market.

Eastman Kodak sold many of its patents for approximately $525, 000, 000 to a group of companies under the names Intellectual Ventures and RPX Corporation.

Personalized Imaging and Document Imaging are now part of Eastman Kodak Alaris, a separate company owned by the UK-based Eastman Kodak Pension Plan.

Eastman Kodak said that there were three principal concepts he used in creating the name: it should be short, easy to pronounce, and not resemble any other name or be associated with anything else.

Eastman Kodak was a camera box built in the shape of a parallelepiped, with a fixed-focus lens on the front and no viewfinder; two V shape silhouettes at the top aided in aiming in the direction of the subject.

Japanese competitor Fujifilm entered the U S market with lower-priced film and supplies, but Kodak did not believe that American consumers would ever desert its brand.

Eastman Kodak declined an opportunity to become the official film of the 1984 Los Angeles Olympics; Fuji won these sponsorship rights, which gave it a permanent foothold in the market.

In May 1995, Eastman Kodak filed a petition with the US Commerce Department under section 301 of the Commerce Act arguing that its poor performance in the Japanese market was a direct result of unfair practices adopted by Fuji.

Executives hoped that Eastman Kodak might be able to slow the shift to digital through aggressive marketing.

Under Daniel Carp, Fisher's successor as CEO, Eastman Kodak made its move in the digital camera market, with its EasyShare family of digital cameras.

Eastman Kodak spent tremendous resources studying customer behavior, finding out that women in particular loved taking digital photos but were frustrated in moving them to their computers.

Once Eastman Kodak got its product development machine started, it released a wide range of products which made it easy to share photos via PCs.

In 2001, Kodak held the No 2 spot in U S digital camera sales but it lost $60 on every camera sold, while there was a dispute between employees from its digital and film divisions.

Eastman Kodak then began a strategy shift: while Eastman Kodak had previously done everything in-house, CEO Antonio Perez shut down film factories and eliminated 27, 000 jobs as it outsourced its manufacturing.

Eastman Kodak spent hundreds of millions of dollars to build up a high-margin printer ink business to replace falling film sales.

However, while Eastman Kodak named home printers as a core business as late as August 2012, at the end of September declining sales forced Eastman Kodak to announce an exit from the consumer inkjet market.

In 2011, Eastman Kodak reportedly explored selling off or licensing its vast portfolio of patents to stave off bankruptcy.

Under the terms of its bankruptcy protection, Eastman Kodak had a deadline of February 15, 2013, to produce a reorganization plan.

On September 3, 2013, Eastman Kodak announced that it emerged from bankruptcy as a technology company focused on imaging for business.

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On March 12, 2014, Kodak announced that Jeffrey J Clarke had been named as chief executive officer and a member of its board of directors.

On January 1, 2015, Eastman Kodak announced a new five business division structure; Print Systems, Enterprise Inkjet Systems, Micro 3D Printing and Packaging, Software and Solutions, and Consumer and Film.

Eastman Kodak provides packaging, functional printing, graphic communications, and professional services for businesses around the world.

Eastman Kodak provides high-speed, high-volume commercial inkjet, and color and black-and-white electrophotographic printing equipment and related consumables and services.

At present, Eastman Kodak has commercial web-fed presses, commercial imprinting systems – Prosper, VersaMark and commercial sheet-fed presses – NexPress digital production color press and DIGIMASTER HD digital black and white production printer.

Eastman Kodak entered into consumer inkjet photo printers in a joint venture with manufacturer Lexmark in 1999 with the Eastman Kodak Personal Picture Maker.

In February 2007, Eastman Kodak re-entered the market with a new product line of All-in-One inkjet printers that employ several technologies marketed as Kodacolor Technology.

Eastman Kodak announced plans to stop selling inkjet printers in 2013 as it focuses on commercial printing, but will still sell ink.

Eastman Kodak company played a role in the invention and development of the motion picture industry.

In 1990, Eastman Kodak launched a Worldwide Student Program working with university faculty throughout the world to help nurture the future generation of film-makers.

Eastman Kodak formed Educational Advisory Councils in the US, Europe and Asia made up of deans and chairs of some of the most prestigious film schools throughout the world to help guide the development of their program.

Eastman Kodak previously owned the visual effects film post-production facilities Cinesite in Los Angeles and London and LaserPacific in Los Angeles.

Eastman Kodak sold Cinesite to Endless LLP, an independent British private equity house.

Eastman Kodak sold Pro-Tek Media Preservation Services, a film storage company in Burbank, California, to LAC Group in October 2013.

On January 13, 2004, Eastman Kodak announced it would stop marketing traditional still film cameras in the United States, Canada and Western Europe, but would continue to sell film cameras in India, Latin America, Eastern Europe and China.

Eastman Kodak licensed the manufacture of Eastman Kodak branded cameras to Vivitar in 2005 and 2006.

Eastman Kodak was the exclusive supplier of negatives for Polaroid cameras from 1963 until 1969, when Polaroid chose to manufacture its own instant film.

In 2011, Eastman Kodak sold its Image Sensor Solutions business to Platinum Equity, which subsequently renamed it Truesense Imaging, Inc.

In 1982, prior to this purchase, Verbatim had partnered with a Japanese firm; in 1990 Eastman Kodak exited the diskette business and sold Verbatim to this firm, the forerunner of Mitsubishi Chemical Corporation.

In 2004, Eastman Kodak Japan acquired Chinon and many of its engineers and designers joined Eastman Kodak Japan.

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In July 2006, Eastman Kodak announced that Flextronics would manufacture and help design its digital cameras.

Eastman Kodak first entered the digital picture frame market with the Eastman Kodak Smart Picture Frame in the fourth quarter of 2000.

In June 2001, Eastman Kodak purchased the photo-developing website Ofoto, later renamed Eastman Kodak Gallery.

On March 1, 2012, Eastman Kodak announced that it sold Eastman Kodak Gallery to Shutterfly for $23.

Eastman Kodak manufactured the first digital document scanners for high speed document imaging.

Eastman Kodak provides associated document capture software and business process services.

Eastman Kodak entered the plain paper photocopier market in 1975 with the Eastman Kodak Ektaprint 100 Copier-Duplicator.

On Sept 10, 1996 Eastman Kodak announced it was selling its Copier business to Danka for $684 million in cash, while Danka was later acquired by Konica Minolta in 2008.

Eastman Kodak continues to produce specialty films and film for newer and more popular consumer formats, but it has discontinued the manufacture of film in older and less popular formats.

Eastman Kodak is a leading producer of silver halide paper used for printing from film and digital images.

In 2005, Eastman Kodak announced it would stop producing black-and-white photo paper.

Eastman Kodak is a manufacturer of self-service photo kiosks that produce "prints in seconds" from multiple sources including digital input, scanned prints, Facebook, the Eastman Kodak Gallery and orders placed on-line using thermosublimation printers.

Eastman Kodak has placed over 100, 000 Picture Kiosks in retail locations worldwide.

In 2005, Eastman Kodak Canada donated its entire historic company archives to Ryerson University in Toronto, Ontario, Canada.

The Eastman Kodak Archives, begun in 1909, contain the company's Camera Collection, historic photos, files, trade circulars, Eastman Kodak magazines, price lists, daily record books, equipment, and other ephemera.

In prior years, Eastman Kodak responded by offering consumers an adjustment or an explanation of the company's position.

In July 2021, Eastman Kodak removed a post on Xinjiang from its Instagram page.

In later statements on Instagram and WeChat, Eastman Kodak declared its Instagram page was not a "platform for political commentary" and affirmed their "close cooperation with various [Chinese] government departments".