[Frameworks] Kodak finally files for bankruptcy

40 Frames info at 40frames.org
Thu Jan 19 12:04:17 CST 2012


On Thu, Jan 19, 2012 at 4:19 AM, Robert Schaller <robert at ontosmedia.com>wrote:

>
> http://dealbook.nytimes.com/2012/01/19/eastman-kodak-files-for-bankruptcy/?hp
>
>

Kodak restructuring is a good thing, as the current model is clearly not
feasible.

Bankruptcy court protection will allow Kodak to carve up the company and
sell intellectual property, but also get out from
under their debt obligation to employee pensions. Meanwhile, Perez and the
executive team is stuffing money in their pockets.

The motion picture division will likely continue in some shape or form, and
would probably benefit from Eastman Chemical or
a similar company coming in to manufacture and sell the product. MP product
would be better off if separated from Perez's
Kodak.


Alain


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