[Frameworks] Kodak filing for bankruptcy?

[sef208]

The art form does not depend on one company. There are other companies that
make motion picture.film and perhaps they will fill in the market. Kodak's
products have been steadily getting worse anyway.
On Sep 30, 2011 6:27 PM, "Jason Halprin" <jihalprin at yahoo.com> wrote:
> Quoting: Fred Camper <f at fredcamper.com>
>
>
>>The article implies that the bankruptcy that Kodak is considering wold
>>allow it to continue to operate. I don't think liquidiation is in the
>>cards anytime soon.
>
> I concure. I have heard through the rumormill that the Motion Picture
division of Kodak has continued to remain profitable. Since all of the
equipment used to manufacture the actual film is an "older" technology, it
wouldn't make much sense to liquidate it. The value would be little more
than the scrap value of its parts, so it would seem reasonable to keep it
operational, and therefore profitable. I wouldn't expect too much more R&D,
but as long as there is a Kodak company based in Rochester, I don't think
we'll see the disappearance of film. However, it also seems likely that when
the plug is pulled on film stock, and more importantly, the commercial
manufacture of processing chemistry, it will be sudden.
>
> Then again, there's some companies down the chain (post-houses that
specialize in film scans, for one) that rely on film as a continued capture
medium might step up at that point to purchase some of the manufacturing
facilities and silver-halide related patents. If they could purchase things
for pennies-on-the-dollar (as they might through a liquidation), they could
then run these units at a very low profit, or even a slight loss, if only to
keep the filmstock flowing as long as possible. I'm not holding my breathe
on this scenario, but my fingers are crossed. As I write this I'm realizing
just how difficult it would be to convince a lender to financially support a
plan to vertically integrate a post-house into a declining industrial field.
>
> -Jason Halprin
>
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