Elliot Harper Posted August 12 Share #1 Posted August 12 Advertisement (gone after registration) Just saw the news 133-year old Kodak says it might have to cease operations Link to post Share on other sites More sharing options...
Advertisement Posted August 12 Posted August 12 Hi Elliot Harper, Take a look here Kodak may cease operations soon. I'm sure you'll find what you were looking for!
frame-it Posted August 14 Share #2 Posted August 14 (edited) nope, though they should really stop fleecing consumers with their ridiculous prices >>>>> Media reports that Kodak is ceasing operations, going out of business, or filing for bankruptcy are inaccurate and reflect a fundamental misunderstanding of a recent technical disclosure the Company made to the SEC in its recently filed second quarter earnings report. These articles are misleading and missing critical context, and we'd like to set the record straight. The most important things to know are: Kodak has no plans to cease operations, go out of business, or file for bankruptcy protection. To the contrary, Kodak is confident it will repay, extend, or refinance its debt and preferred stock on, or before, its due date. When the transactions we have planned are completed, which is expected to be early next year, Kodak will have a stronger balance sheet than we have had in years and will be virtually net debt free. The "going concern disclosure" is a technical report that is required by accounting rules. We will continue to meet our obligations to all pension fund participants. Pension Fund Transaction Kodak has been preparing for the pension plan termination for some time and expects to receive approximately $500 million of assets – after meeting our obligations to all pension fund participants – in December 2025 when the transaction closes. Approximately $300 million of the funds are expected to be cash, and approximately $200 million are expected to be investment assets that will be converted into cash. Kodak's Debt Position To provide context, Kodak currently has $477 million of term debt and $100 million of preferred stock outstanding. Kodak is required by its loan documents to use the $300 million of cash expected to be received in December to repay term debt. Kodak can then address the remaining $177 million of term debt and $100 million of preferred stock. Kodak's Ongoing Operations In addition to our focus on reducing debt and interest payments, we believe our business is stable and self-sustaining. In Q2 2025 we used only $3 million in cash, primarily to invest in growth initiatives, a significant improvement compared with Q1, and we do not plan to rely on cash from the pension fund transaction to fund our operations. In short, Kodak is confident in its plan to meet all its obligations and optimistic about its future. For more detailed information about this topic, please review Kodak's Form 10-Q filed with the SEC on August 11, 2025, including the cautionary language about forward looking statements in such filing which are incorporated by reference herein. https://www.kodak.com/en/company/blog-post/statement-regarding-misleading-media-reports/ Edited August 14 by frame-it 2 1 Link to post Share on other sites More sharing options...
jgeenen Posted August 14 Share #3 Posted August 14 If I understood correctly, this affects Eastman Kodak. Film for our cameras is produced by Kodak-Alaris. Will the current crisis of Eastman Kodak affect photographic film production? Link to post Share on other sites More sharing options...
AZD Posted August 14 Share #4 Posted August 14 5 hours ago, jgeenen said: If I understood correctly, this affects Eastman Kodak. Film for our cameras is produced by Kodak-Alaris. Will the current crisis of Eastman Kodak affect photographic film production? Short answer, no. Details about the tortured, tangled relationship between EK and Alaris can be found elsewhere, but the basic premise is this: - EK makes all film, both cine and still, in Rochester, New York. They have the rights to distribute Kodak cine film. According to the statement given, they intend to continue production. - Alaris makes only money, or attempts to. They don’t make anything physical, but have the rights to distribute Kodak still film. There is more to it than that, but any film in yellow boxes comes from one factory in Rochester. Link to post Share on other sites More sharing options...
pgh Posted August 15 Share #5 Posted August 15 21 hours ago, frame-it said: though they should really stop fleecing consumers with their ridiculous prices I'm happy to pay $2 less a roll for Tri-x than comparable Ilford HP-5 (Plus I just prefer it). Film is expensive, but I'd also prefer Kodak stay profitable. In the current market they look competitive from where I stand. 1 Link to post Share on other sites More sharing options...
frame-it Posted August 15 Share #6 Posted August 15 7 minutes ago, pgh said: I'm happy to pay $2 less a roll for Tri-x than comparable Ilford HP-5 (Plus I just prefer it). Film is expensive, but I'd also prefer Kodak stay profitable. In the current market they look competitive from where I stand. in far east asia, 120 is cheaper than 35mm the prices are crazy in korea and japan Link to post Share on other sites More sharing options...
Bliz Posted August 17 Share #7 Posted August 17 Advertisement (gone after registration) On 8/15/2025 at 2:35 AM, pgh said: I'm happy to pay $2 less a roll for Tri-x than comparable Ilford HP-5 (Plus I just prefer it). It's the exact opposite in Europe, 135 Tri X being 3€ more than hp5. Link to post Share on other sites More sharing options...
pgh Posted August 17 Share #8 Posted August 17 8 hours ago, Bliz said: It's the exact opposite in Europe, 135 Tri X being 3€ more than hp5. I’d guess that’s not due to Kodak then. Link to post Share on other sites More sharing options...
BernardC Posted August 18 Share #9 Posted August 18 On 8/17/2025 at 7:28 AM, pgh said: I’d guess that’s not due to Kodak then. It's also the case in Canada, and has been for years. Rochester is closer to Toronto than it is to NYC, so shipping isn't to blame. I suspect that Ilford is expensive in the US for reasons beyond their control, since the B&H price ($11 for 36exp.) is a dollar more than the Canadian price ($14) at today's rates ($11 US = $15.21 CAD). FYI, Tri-X is $22 for 36 exp. in Canada. Link to post Share on other sites More sharing options...
pgh Posted August 20 Share #10 Posted August 20 (edited) On 8/18/2025 at 11:45 AM, BernardC said: It's also the case in Canada, and has been for years. Rochester is closer to Toronto than it is to NYC, so shipping isn't to blame. I suspect that Ilford is expensive in the US for reasons beyond their control, since the B&H price ($11 for 36exp.) is a dollar more than the Canadian price ($14) at today's rates ($11 US = $15.21 CAD). FYI, Tri-X is $22 for 36 exp. in Canada. There are other factors besides shipping that drive up cost of international goods, though. More than twice as much though? Yea that’s bizarre. I’m lucky I guess living in the US and having always preferred only Kodak stocks (Tri-x or Portra). Stills feels pricey these days! Edited August 20 by pgh Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now