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Felinik
09-06-2012, 11:36 AM
Now this was indeed an interesting turn:

"As a matter of fact, all film manufacturing will actually stay with Kodak, including that of consumer and professional still film."

Prof_Pixel
09-06-2012, 12:37 PM
OK this is the page from the Kodak site...

http://motion.kodak.com/motion/About/The_Storyboard/4294970036/index.htm


I've gone to that page and can't find a date the statement was made.

Diapositivo
09-06-2012, 12:49 PM
I've gone to that page and can't find a date the statement was made.

You are right.

Anyway in the press release they say "last week..." (Kodak initiated the sale process of some of their assets) so it should have been issued one week later than the announcement in the OP. And I agree that this kind of stuff should be dated in any case.

It's interesting that this press release seems to focus exclusively on film (motion picture and still film) so it probably was released as a feed back to all the doubts and concerns that were raised by various users, APUG participants included.

cmacd123
09-06-2012, 12:59 PM
It's interesting that this press release seems to focus exclusively on film (motion picture and still film) .

the source is the Motion Picture Mailing list and the Motion picture site. (http://kodak.com/go/motion )

The mail I got had a date header of Date: Thu, 06 Sep 2012 10:00:20 -0600 and was sent via a "contact Agency" (PR firm) From: "Kodak Entertainment Imaging Team" <kodak@reply.catalystinc.com>

cmacd123
09-06-2012, 01:02 PM
The actual post is in a section of the Motion Picture site called " The Storyboard" - can't get more cinematic than that!

http://motion.kodak.com/motion/About/The_Storyboard/index.htm

Ken Nadvornick
09-06-2012, 04:39 PM
Does this mean they had a similar problem as with the patent portfolios? Either no bidders, or bid values that were too low?

Colleen??

Ken

RattyMouse
09-06-2012, 04:48 PM
So is the film division for sale or not? This press release makes a mess out of everything. Kodak has to do everything (management wise) half a$$ed.

Diapositivo
09-06-2012, 04:51 PM
I go by memory, Kodak needs some $m700 to get out of Chapter 11, patents sale at the moment is not guaranteed to bring more than $m500, so Kodak to be sure (or to appease creditors, whatever) must find some additional money.

Patent sale alone might take Kodak out of Chapter 11 if they were sold for more than $m700 but at the moment the maximum offer is $m500 on the table. Please don't ask me the source. The source is my memory.

If patents are not sold, Kodak must sell some business so as to reach $m700. That might mean selling the still film business (brand, marketing, distribution, "enterprise side") while retaining manufacturing (which would be "outsourced" by the buyer). "Retaining manufacturing" seems to be a clear objective given the last press release.

On the whole I think this would be the best of both worlds. Kodak leverages its expertise in manufacturing, while small, nimble firms market the product in a more effective way.

If things are as this poor self perceives them, Kodak is not very far from success.

The problem is what comes after. Will the motion picture industry go on buying Kodak film in sufficient volume? Will photographer in the world sustain film (or Kodak film) consumption at current levels? Will the Print-on-Demand industry yield nice profits for Kodak? (Kodak seems to have bet a lot on the success of their new PoD technology. I wish them every good).

We will know within a few hundred rolls...

Felinik
09-06-2012, 04:52 PM
So is the film division for sale or not? This press release makes a mess out of everything. Kodak has to do everything (management wise) half a$$ed.

"Kodak will continue to manufacture and distribute its quality line of motion picture film products. As a matter of fact, all film manufacturing will actually stay with Kodak, including that of consumer and professional still film. "

At least they will continue to manufacture and distribute film...

Prof_Pixel
09-06-2012, 04:56 PM
She said: "As a matter of fact, all film manufacturing will actually stay with Kodak, including that of consumer and professional still film."

I'm not sure I believe her, but that would appear to mean that Kodak is attempting to sell of the consumer and professional business (presumably with the name Kodak) but will make the actual film (like they did for xray film).

Only time will tell.

nickrapak
09-06-2012, 04:59 PM
From what I am getting, the packaging, distribution, and marketing of Kodak still film is what's for sale. EK will still coat the film and slit it into rolls or sheets under contract from (the hypothetical) Eastman Photo. Eastman Photo will then roll the film onto spools, put them in boxes, and ship the boxes to wholesalers and retailers. That way, EK will make its money all at once, whereas Eastman Photo will be making income in smaller increments. It is for this reason that I think Kodak's sale of their film division is strictly cash flow related; Even if they don't sell it for that much, Perez & Co. can show investors what massive cash flow they have, even if some of it is an intermittent flow.

Felinik
09-06-2012, 05:02 PM
Just give us the bulk rolls, that'll do fine.

ric_kb
09-06-2012, 05:07 PM
so, IT will be APUG TRIX or B&H PORTRA

aka, formerly know as...

tony lockerbie
09-06-2012, 05:08 PM
I think I will buy it and bring back Panatomic-x and Kodachrome 25, oh, and Verichrome Pan as well....start queuing now.

MattKing
09-06-2012, 05:15 PM
It seems to me that what Kodak is trying to do is get out of any part of the business that directly interfaces with the retail market - at least with respect to film.

Sort of the reverse of what they did with their photo chemistry.

I hope someone has effectively archived their technical publications.

ic-racer
09-06-2012, 05:41 PM
Thread: It's offcial, Kodak is selling it's film business.
Can we get the title of this thread changed? I can't seem to find an official statement in this thread or on the internet to verify the title of this thread to be true.

Maybe I'll start a thread:"Its Official, Kodak is keeping its film business."

+1

DREW WILEY
09-06-2012, 06:04 PM
What is "official" information today might be officially obsolete news tomorrow. There's no guarantee
the rumor roller-coaster is over yet. These things can change like the weather.

SkipA
09-06-2012, 07:21 PM
What about Kodak paper products? According to previous announcements, paper and professional and consumer still film were all part of the Personal Imaging business.

I wish Kodak would come clean and make a clear, non-conflicting statement about exactly what it is keeping and what it is selling.

MattKing
09-06-2012, 07:24 PM
What about Kodak paper products? According to previous announcements, paper and professional and consumer still film were all part of the Personal Imaging business.

I wish Kodak would come clean and make a clear, non-conflicting statement about exactly what it is keeping and what it is selling.

Or to put it another way ...

"I wish Kodak would come clean and make a clear, non-conflicting statement about exactly what it intends to do in the future, and what it expects other entities to do."

BrianShaw
09-06-2012, 07:29 PM
They will.... in time. I trust that they will. I'll bet a lot of options are still on the table.