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Kodak Files for Bankruptcy as Digital Era Spells End to Film

13 posts · originally from https://geek.digit.in/community/threads/kodak-files-for-bankruptcy-as-digital-era-spells-end-to-film.151600/

KDroid
KDroid Original post #1
Jan 20, 2012 at 7:05 PM
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.
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Source
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Whistler81 #2
Jan 20, 2012 at 7:06 PM
This is sad.
N
noob #3
Jan 20, 2012 at 7:14 PM
Adapt or Die
Anorion
Anorion #4
Jan 20, 2012 at 8:46 PM
bye bye will miss shooting 400 ISO roll thinking it is 200 ISO
Prime_Coder
Prime_Coder #5
Jan 20, 2012 at 9:51 PM
Kodak and Bankruptcy ? Unbelievable but very sad indeed looking at no future for the pioneer in the filed of Photography.
fun2sh
fun2sh #6
Jan 23, 2012 at 2:57 PM
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.
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Inventors of digital camera got blown off by their own invention. LOL
R
rajeevk #7
Jan 23, 2012 at 3:04 PM
fun2sh said:
This is so sad. Inventors of digital camera got blown off by their own invention. LOL
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Really very sad. Such a nice company with great products is now bankrupt. :sad:
buddyram
buddyram #8
Jan 23, 2012 at 3:36 PM
a pioneer of this calibre shouldn't have come to end so abruptly...
feel sad
G
gopi_vbboy #9
Jan 23, 2012 at 3:38 PM
Sad ...
why bad always happens to good companies?...

i hope apple doesnt go bankrupt
d6bmg
d6bmg #10
Jan 23, 2012 at 3:56 PM
They had their time. ;)
reniarahim1
reniarahim1 #11
Jan 23, 2012 at 5:18 PM
apple also will at some point of time :)
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RahulB #13
Jan 23, 2012 at 6:16 PM
Prime_Coder said:
Kodak and Bankruptcy ? Unbelievable but very sad indeed looking at no future for the pioneer in the filed of Photography.
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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....