01 Feb '12, 3pm

The Rise and Fall of Kodak - an Imaging Icon: The past months have been sad ones for anybody who ever used a fil...

The Rise and Fall of Kodak - an Imaging Icon: The past months have been sad ones for anybody who ever used a fil...

The past months have been sad ones for anybody who ever used a film camera. Kodak, the 132 year old photography pioneer, is dying. Credited with bringing photography to everybody way in 1900 with the $1 Brownie camera, the Rochester, New York based company is opting for bankruptcy . According to its CEO Antonio Perez, filing for Chapter 11 protection allows the company to pay off its employees (many of whom will sadly be retrenched) and creditors while selling off its assets. Founded by George Eastman in 1880, Kodak has been instrumental in making photography a part of everyone's lives. Few could forget the experience of using a Kodak film camera in the past, and the pleasures mixed with pain of waiting for the photos to develop from the photo lab. Kodak's commercial featuring Paul Anka's "Time of Your Life" in 1975 has also emblazoned its way into our hearts (at least the...

Full article: http://coolinsights.blogspot.com/2012/02/rise-and-fall-of...

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