This is unbelievable! Kodak files for bankruptcy…
ROCHESTER, N.Y. (AP) – Iconic photography company Kodak filed for Chapter 11 bankruptcy protection on Thursday, January 19, 2012 raising the specter that the 132-year-old trailblazer could become the most storied casualty of a digital age that has whipped up a maelstrom of economic, social and technological change.
Six-Three Kodak No 3A. Memographer's Collection of Antique & Classic Cameras
The glory days when Eastman Kodak Co. ruled the world of film photography lasted for more than a century. Then came a stunning reversal of fortune: cutthroat competition from Japanese firms in the 1980s and a seismic shift to the digital technology it pioneered but couldn’t capitalize on. Now comes a wistful worry that this icon of American business is edging toward extinction.
Founded by Eastman in 1880, Kodak marketed the world’s first flexible roll film in 1888 and turned photography into an overnight craze with a $1 Brownie camera in 1900. Innovation and mass production were about to put the world into cars and airplanes, the American Century was unfolding, and Kodak was ready to record it…
Read a full article at USA Today here- Kodak files for Chapter 11 bankruptcy
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