Kodak almost out of bankruptcy

That was more about patents than film, but it appears that Lomo is looking at buying the film distribution rights. Kind of hard to say though since everything is kept pretty quiet.
 
If they can't find a buyer at a good price there is always the hope they will hang on to the film division. Anyone know an angel investor with a few hundred million to burn?
 
Damaso said:
If they can't find a buyer at a good price there is always the hope they will hang on to the film division. Anyone know an angel investor with a few hundred million to burn?
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They did find one! Its a group of patent licensing firms consortium led by Intellectual Ventures and RPX Corp. They beat out the bids from Google and Apple. Its big news today.

Let them do whatever they want with the digital patents. Hopefully Kodak can get back to its films root.
 
A few hundred million might be a bit of stretch, especially if just buying the distribution rights. The coating and slitting has to stay in building 38, no other way around that...

Now it gets interesting...
 
That is good, getting the film business out of kodak's sinking ship just might save it from sinking (at least while on board of THAT ship :)
 
I really doubt that the $$$ from the patent sale will save this sinking ship. It'll buy it some time, but what business can they get into and apply their competitive advantage? they have squandered so many opportunities in the past.
 
So once strategic resources (patents) will be sold, MBA's at Kodak will have a grand party and then jump off the corpse with golden parachutes.
 
kmallick said:
Looks like they have managed to sell their digital rights for almost half a billion and could be out of Chapter 11 soon. Yaay!

http://www.reuters.com/article/2012/12/19/kodak-patent-sale-idUSL4N09T6CK20121219

Time to celebrate and go buy some Tri-X and Portras.
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Based on prior analyst valuations that's about $0.25 on the dollar. Oh well, better for you and your "friends" to buy in collusion than to get in a bidding war against each other. That might send prices waaay up: Right to where they're accurate.
 
They might keep the film division short-term as it is allegedly a profitable division. But it's not the mass market business that they need to remain a large multinational corporation. Hopefully, some Kodak film people with the technical expertise will be able to set up a business making film. This might work if they can get good deals on Kodak's film manufacturing equipment.

Interesting that Kodak is concentrating on printing and imaging; that's what Konica Minolta went into after giving up on the camera and film business.
 
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