Kodak Posts Q1 loss of $246M; 14% decline in film revenues

Discussion in 'Industry News' started by nickrapak, May 1, 2011.

  1. nickrapak

    nickrapak Member

    Messages:
    751
    Joined:
    Jul 1, 2008
    Location:
    Horsham, PA
    Shooter:
    Multi Format
    From WSJ: http://online.wsj.com/article/BT-CO-20110428-718091.html

    The ever-rising silver price does not bode well for EK. I am afraid that once silver hits a tipping point, you will see wholesale discontinuations or price increases by all of the big 3, especially EK and Fuji.
     
  2. Jeff Kubach

    Jeff Kubach Member

    Messages:
    6,930
    Joined:
    Sep 29, 2007
    Location:
    Richmond VA.
    Shooter:
    Multi Format
    Just buy more Kodak film and other stuff!

    Jeff
     
  3. M.A.Longmore

    M.A.Longmore Member

    Messages:
    1,887
    Joined:
    Aug 25, 2009
    Location:
    New York
    Shooter:
    Multi Format
    .
    Maybe, They should advertise more Kodak Film, and other stuff !

    Or promote analog photography on Facebook, and Twitter, and YouTube.
    And at Kodak.Com, it's somewhat difficult to find film on their site ...

    Ron
    .
     
  4. Sirius Glass

    Sirius Glass Subscriber

    Messages:
    20,588
    Joined:
    Jan 18, 2007
    Location:
    Southern California
    Shooter:
    Multi Format
    Buy more film. If you do not do that now, you may not be able to do it later.

    Steve
     
  5. jnanian

    jnanian Advertiser Advertiser

    Messages:
    19,969
    Joined:
    Jun 21, 2003
    Location:
    local
    Shooter:
    Multi Format
    i have been saying this for years ...
    they haven't advertised an analog product
    to the general public in more than a decade ..
    and the ceo announces that film photography
    is dead ... and they wonder why sales are down ??

    these announcements about the decline of big-yellow are depressing
     
  6. Sirius Glass

    Sirius Glass Subscriber

    Messages:
    20,588
    Joined:
    Jan 18, 2007
    Location:
    Southern California
    Shooter:
    Multi Format
    Because regardless of the money spent, film ads do not change the sales numbers. That is why Kodak stopped sponsoring the Olympics.

    Steve
     
  7. sepiareverb

    sepiareverb Subscriber

    Messages:
    603
    Joined:
    Feb 17, 2007
    Location:
    VT
    Shooter:
    Multi Format
    Buy it while you can, the big yellow submarine is going down for good.
     
  8. Photo Engineer

    Photo Engineer Subscriber

    Messages:
    25,768
    Joined:
    Apr 19, 2005
    Location:
    Rochester, NY
    Shooter:
    Multi Format
    I've posted Kodak film ads here on APUG that I copied from Rangefinder magazine just a few years back. I did this in response to just the same sort of thread. They were advertising in the face of a severely declining market, twice the current decline. These last 3 years, 2008, 9 and 10 were difficult due to the economy and due to the motion picture industry that we discussed to death in another thread.

    Yes, Kodak is doing poorly. So is Fuji and for the same reasons plus some problems with supply as you may remember in yet another thread.

    Analog sales are doing very poorly world wide and there probably will be no turning around the big two. Ilford and some of the smaller companies will probably make it, but the answer is to buy Kodak film if you want to have good negative color films to shoot. And, all of the B&W products we love as well.

    PE
     
  9. TimmyMac

    TimmyMac Subscriber

    Messages:
    308
    Joined:
    Apr 12, 2010
    Location:
    Guelph, Onta
    Shooter:
    Medium Format
    Nontraditional advertising avenues have a lot of potential, I think, to improve film sales.
     
  10. Sirius Glass

    Sirius Glass Subscriber

    Messages:
    20,588
    Joined:
    Jan 18, 2007
    Location:
    Southern California
    Shooter:
    Multi Format
    Please feel free to invest in those advertising avenues. I hope that they work.

    Steve
     
  11. jnanian

    jnanian Advertiser Advertiser

    Messages:
    19,969
    Joined:
    Jun 21, 2003
    Location:
    local
    Shooter:
    Multi Format


    at least the general public would realize they can still get film
    instead of being told by know-it-alls at camera stores that film is no longer available.
     
    Last edited by a moderator: May 1, 2011
  12. Athiril

    Athiril Subscriber

    Messages:
    2,947
    Joined:
    Feb 6, 2009
    Location:
    Melbourne, V
    Shooter:
    Medium Format
    A 14% drop in revenue vs a much larger rise in costs should equal more sales volume then previously.
     
  13. vpwphoto

    vpwphoto Member

    Messages:
    1,206
    Joined:
    Feb 21, 2011
    Location:
    Indiana
    Shooter:
    Multi Format
    it's about money..

    I tried to e-mail Kodak via their web site years ago, and the only place I could find an e-mail address was "investor relations".
     
  14. Sponsored Ad
  15. vpwphoto

    vpwphoto Member

    Messages:
    1,206
    Joined:
    Feb 21, 2011
    Location:
    Indiana
    Shooter:
    Multi Format
    Oh no must buy PE's emulsion book soon....
     
  16. Poisson Du Jour

    Poisson Du Jour Member

    Messages:
    4,206
    Joined:
    Jul 1, 2008
    Location:
    Richmond/Geelong, AUS
    Shooter:
    Multi Format
    Nobody would seriously consider Kodak to be anywhere near the big, very successful player it once was; it is sinking further and further with each passing year into a quagmire — an almost spent force. Digital changed everything, tipping the world on its ear and making every wannabe photographer a pro if he has a digital do-it-all in his hands. Other marques took off, but not Kodak. Reading through EOS magazines from 1992, Kodak was behind the DCS digital capture cameras of that era (such as EOS), but obviously never caught up with others with more cash, zeal and research nous.
     
  17. vpwphoto

    vpwphoto Member

    Messages:
    1,206
    Joined:
    Feb 21, 2011
    Location:
    Indiana
    Shooter:
    Multi Format
    Slightly off subject but reply to last post. I used to buy all of my film and now digital gear at our local camera shop, because I liked the shop and the next nearest one where I could buy pro-film was 80 miles away.

    I am sad now they sell "instant studio" light and background kits, and rent $3000 dslr and dslr lenses to the weekend part-time pro wedding, and portrait shooters that don't collect sales tax, but are happy to write everything off on the 1040 c and d forms.

    The world is a cut throat mess.
     
  18. Photo Engineer

    Photo Engineer Subscriber

    Messages:
    25,768
    Joined:
    Apr 19, 2005
    Location:
    Rochester, NY
    Shooter:
    Multi Format
    Well, the DVDs are done and ready for review by my friends (they will be honest with me) and the book is nearing completion. :D

    PE
     
  19. Tim Gray

    Tim Gray Member

    Messages:
    1,787
    Joined:
    Sep 2, 2006
    Location:
    OH
    Shooter:
    35mm
    word
     
  20. Diapositivo

    Diapositivo Subscriber

    Messages:
    2,259
    Joined:
    Nov 1, 2009
    Location:
    Rome, Italy
    Shooter:
    35mm
    I would like if it were like this, but unfortunately it is not.

    Revenue is just price * volume sold. If prices had fallen more than 14%, and revenue slipped "only" 14%, that would have meant a volume increase.

    profit is related to costs, revenue is not.

    We don't have the profit picture, the revenue picture is certainly gloomy.

    My opinion is that things might change dramatically when the crises ends. We are in the worst world economic crises of the last 80 years or so. Film at the moment is quite a discretionary spending. Photography, also professional photography, is bound to suffer in times of crises.

    I hope Kodak and the others have financial breath long enough to arrive at the end of the tunnel. I would bet on a resurgence of film after that.

    Fabrizio
     
  21. kraker

    kraker Subscriber

    Messages:
    1,256
    Joined:
    Oct 5, 2005
    Location:
    The Netherlands
    Shooter:
    Multi Format
    Silver, that's clear, check. Question: Aluminum? (Or, as I would spell it: Aluminium?)
    As a raw material for film? What, where, how?
     
  22. segedi

    segedi Member

    Messages:
    355
    Joined:
    May 26, 2010
    Location:
    Calgary, Alb
    Shooter:
    Multi Format
    Kraker - I'm guessing it's used in packaging;canisters.
     
  23. kraker

    kraker Subscriber

    Messages:
    1,256
    Joined:
    Oct 5, 2005
    Location:
    The Netherlands
    Shooter:
    Multi Format
    Yes, that's the only thing I could think of...
     
  24. Simon R Galley

    Simon R Galley Subscriber

    Messages:
    2,052
    Joined:
    Nov 2, 2005
    Location:
    Cheshire UK
    Shooter:
    Medium Format
    I think Aluminium is mentioned as it is a base for sensitised printing plates ( graphics )
    CTP Computer To Plate technology.

    Film cassettes are steel.

    Simon ILFORD Photo / HARMAN technology Limited :
     
  25. michael_r

    michael_r Subscriber

    Messages:
    6,542
    Joined:
    Feb 2, 2010
    Location:
    Montreal, Canada
    Shooter:
    Multi Format
    Maybe they've quietly replaced the silver halides in Tmax emulsions with aluminum halides :smile:
     
  26. segedi

    segedi Member

    Messages:
    355
    Joined:
    May 26, 2010
    Location:
    Calgary, Alb
    Shooter:
    Multi Format
    Simon - thanks for info. And for continuing to support film!