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Kodak to sell its Film and Paper business [merged]


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Thanks for link but I am now totally confused. They are selling the still film business but will keep manufacturing the film? So the buyer is simply taking on distribution and marketing? Perhaps someone on this forum can explain this more clearly

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What the media reported was based on what Kodak had reported wanting to sell (see here: BBC News - Kodak set to quit camera film and photo paper business ) And that is the Personalized Imaging and Document Imaging division.

 

It's comprised of this:

"The Personalized Imaging business consists of Retail Systems Solutions (RSS), Paper & Output Systems (P&OS) and Event Imaging Solutions (EIS). RSS is the worldwide leader in retail print solutions with a global footprint of 105,000 KODAK Picture Kiosks; P&OS includes the broadest portfolio of traditional photographic paper and still camera film products; and EIS provides souvenir photo products at theme parks and other venues. The Document Imaging business provides a leading and comprehensive portfolio of scanners, capture software and services to enterprise customers."

 

The reference to still film is: "P&OS includes the broadest portfolio of traditional photographic paper and still camera film products."

 

Kodak made a formal announcement on 24 August on CML, which is a well regarded mailing list for DPs and cinematographers (Cinematography discussion and information for Professional Cinematographers - CML )

 

It's a closed forum/mailing list but here is the announcement that Kodak made:

 

"Please be assured that Kodak's motion picture films are not part of this announcement. Motion Picture will remain with the company as the largest driver of film manufacturing volume. Film manufacturing is not included in the sale. It will remain within the Graphics, Entertainment and Commercial Films group, including consumer and professional still film. In addition to manufacturing film, we are pursuing market demands that will utilize our technologies for a variety of alternative and exciting products." (they then went on to mention motion picture film products such as the new digital asset film, etc..)

 

It seems that the media picked up "P&OS includes the broadest portfolio of traditional photographic paper and still camera film products" and went with it. The BBC and other media reported this on 24 August. And Kodak made the above announcement to CML members also on 24 August.

 

It appears that still film products are being housed under Graphics, Entertainment and Commercial Films. The still film products portfolio under P&OS perhaps wasn't the same thing as what was thought and/or that Kodak simply was intending to keep the manufacturing of film all along and look for 'vertical markets' for sales and distribution that Kodak's VP Kimberly Synder mentions.

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What the media reported was based on what Kodak had reported wanting to sell (see here: BBC News - Kodak set to quit camera film and photo paper business ) And that is the Personalized Imaging and Document Imaging division.

 

It's comprised of this:

"The Personalized Imaging business consists of Retail Systems Solutions (RSS), Paper & Output Systems (P&OS) and Event Imaging Solutions (EIS). RSS is the worldwide leader in retail print solutions with a global footprint of 105,000 KODAK Picture Kiosks; P&OS includes the broadest portfolio of traditional photographic paper and still camera film products; and EIS provides souvenir photo products at theme parks and other venues. The Document Imaging business provides a leading and comprehensive portfolio of scanners, capture software and services to enterprise customers."

 

The reference to still film is: "P&OS includes the broadest portfolio of traditional photographic paper and still camera film products."

 

Kodak made a formal announcement on 24 August on CML, which is a well regarded mailing list for DPs and cinematographers (Cinematography discussion and information for Professional Cinematographers - CML )

 

It's a closed forum/mailing list but here is the announcement that Kodak made:

 

"Please be assured that Kodak's motion picture films are not part of this announcement. Motion Picture will remain with the company as the largest driver of film manufacturing volume. Film manufacturing is not included in the sale. It will remain within the Graphics, Entertainment and Commercial Films group, including consumer and professional still film. In addition to manufacturing film, we are pursuing market demands that will utilize our technologies for a variety of alternative and exciting products." (they then went on to mention motion picture film products such as the new digital asset film, etc..)

 

It seems that the media picked up "P&OS includes the broadest portfolio of traditional photographic paper and still camera film products" and went with it. The BBC and other media reported this on 24 August. And Kodak made the above announcement to CML members also on 24 August.

 

It appears that still film products are being housed under Graphics, Entertainment and Commercial Films. The still film products portfolio under P&OS perhaps wasn't the same thing as what was thought and/or that Kodak simply was intending to keep the manufacturing of film all along and look for 'vertical markets' for sales and distribution that Kodak's VP Kimberly Synder mentions.

 

The nomenclature and grouping are not clear. Typical corporate-speak.

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CalArts99 -- thank you for your post, it is beginning to become a bit more clear. the difference between making the physical film and getting rid of "still camera film products" is still a mystery to me.so, as i noted above, it appears they want to outsource distribution/marketing to the consumer sector. hmmmmmmmm .... not sure that works. or perhaps this is simply a negotiating ploy to jump the price for their film making division which, it seems to me, would have to go with the rest to make it work. we will know soon enough, in the meantime the fever rush to stock the freezer with kodak film appears to have been broken. for now.

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Kodak should hire Bill Clinton to explain this to us.

 

I guess nothing changes immediately at Kodak's facilities but the paychecks may come from someone else? I don't know if salary and benefits stay the same. Or maybe it is the distribution and support that changes hands and Kodak is the contracted manufacturer for the "owner?" Or maybe... Or maybe...?

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Kodak just put their proposed sale of patents on hold due to the offers being so low ($500M vs. their hoped-for $2.2B).

 

They mention the possibility of spinning off the intellectual property holdings as a separate "licensing company." Maybe that's what will eventually happen to the film production, too.

 

But who knows? "Spinning" (as in, going in circles) seems to be the operative verb for Kodak at the moment.

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Kodak just put their proposed sale of patents on hold due to the offers being so low ($500M vs. their hoped-for $2.2B).

 

They mention the possibility of spinning off the intellectual property holdings as a separate "licensing company." Maybe that's what will eventually happen to the film production, too.

 

But who knows? "Spinning" (as in, going in circles) seems to be the operative verb for Kodak at the moment.

 

Kodak is probably the poster child for ineptitude. How did these people get jobs beyond janitors?

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If they can't get enough for the patents, I wonder if they have any options for servicing their debt? They will soon run out of money and may not be able to borrow any more. I don't know if they have any offers for the other divisions they are trying to sell. (Not that I can really understand what they are trying to do.) Kodak "penny" stock dropped another 25% this week to about $.20 today.

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If they can't get enough for the patents, I wonder if they have any options for servicing their debt? They will soon run out of money and may not be able to borrow any more. I don't know if they have any offers for the other divisions they are trying to sell. (Not that I can really understand what they are trying to do.) Kodak "penny" stock dropped another 25% this week to about $.20 today.

 

Put the janitors in charge. They surely will do a better job.

 

Perez is a disaster. So were his predecessors.

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[...]Kodak "penny" stock dropped another 25% this week to about $.20 today.

 

Now we can understand why they do not offer stock certificates per share - because the paper would be worth more than it represents.

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One for the olden days...

Welcome, dear visitor! As registered member you'd see an image here…

Simply register for free here – We are always happy to welcome new members!

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On the Ilford website:

 

The demand for traditional monochrome films and papers remains strong. With Agfa no longer in the black and white photographic market, and Kodak pulling out of manufacturing black and white papers the future of ILFORD PHOTO products looks good for years to come.

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fwiw, there are two separate 'Ilford' companies. One (Ilford Imaging Switzerland GmbH) is only invested in photo inkjet products and commercial wide format print materials. It's owned by a Japanese paper company. ILFORD at photokina 2012

 

The other is the UK company, Harmon Technology Ltd, which sells its film and analog paper products under the IlfordPhoto brand. They do offer digital papers but only as B+W and only for digital laser enlargers (Océ and Lambda) and not inkjet.

 

Ilford Imaging's inkjet papers are quite good but use the same 'Galerie' name (the Galerie Prestige series) that IlfordPhoto uses for their analog printing papers (Ilfobrom Galerie FB) and their digital B+W laser papers (Galerie Digital Silver.)

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