Kodak Files for Bankruptcy as Digital Era Spells End to Film

[KDroid]

Eastman Kodak Co., the photography pioneer that introduced the Brownie Camera more than a century ago, filed for bankruptcy after consumers embraced digital cameras, a technology Kodak invented and failed to commercialize.
The Rochester, New York-based company, which traces its roots to 1880, listed assets of $5.1 billion and debt of $6.8 billion in Chapter 11 documents filed in U.S. Bankruptcy Court in Manhattan.

Source

 

[Whistler81]

This is sad.

 

[noob]

Adapt or Die

 

[Anorion]

bye bye will miss shooting 400 ISO roll thinking it is 200 ISO

 

[Prime_Coder]

Kodak and Bankruptcy ? Unbelievable but very sad indeed looking at no future for the pioneer in the filed of Photography.

 

[fun2sh]

This is so sad

The company also invented the first digital camera in 1975, which it shelved because it would threaten its lucrative film business, Perez said in an interview in March.

Inventors of digital camera got blown off by their own invention. LOL

 

[rajeevk]

This is so sad. Inventors of digital camera got blown off by their own invention. LOL

Really very sad. Such a nice company with great products is now bankrupt.

 

[buddyram]

a pioneer of this calibre shouldn't have come to end so abruptly...
feel sad

 

[gopi_vbboy]

Sad ...
why bad always happens to good companies?...

i hope apple doesnt go bankrupt

 

[d6bmg]

They had their time.

 

[reniarahim1]

apple also will at some point of time

 

[KDroid]

Sad ...
why bad always happens to good companies?...

i hope apple doesnt go bankrupt

apple also will at some point of time

lol! Apple & Bankrupt? NEVER!

 

[RahulB]

Kodak and Bankruptcy ? Unbelievable but very sad indeed looking at no future for the pioneer in the filed of Photography.

It is not unbelievable, many of us film buffs saw this coming a long time back, the day Panavision launched its Genesis camera. Kodak earns more money from movie production than their consumer production. Also they are not shutting down its just filing for bankruptcy protection. The company will be restructured.

As of current pioneers in digital film production are

RED Camera Company with their new Red Epic X cameras
Panavison Genesis
Sony F Series
Arri Alexa

3D is the force driving this trend as film cameras can't shoot at higher framerates, also they are heavier....

Digital Cinematography is the future, many cinematographers have dismissed digital because of its low resolution compared to film, but all that changed when Red launched Epic X ( shoots at 5K )...

There are so many films being shot with this camera

1. Spiderman
2. Prometheus ( Yay )
3. The Hobbit
4. Resident Evil
..... the list goes on....