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  1. #481

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    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."
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  2. #482

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    Quote Originally Posted by cmacd123 View Post
    OK this is the page from the Kodak site...

    http://motion.kodak.com/motion/About...0036/index.htm

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

  3. #483
    Diapositivo's Avatar
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    Quote Originally Posted by Prof_Pixel View Post
    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.
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  4. #484
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    Quote Originally Posted by Diapositivo View Post
    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>
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  5. #485
    cmacd123's Avatar
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    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...oard/index.htm
    Charles MacDonald
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  6. #486
    Ken Nadvornick's Avatar
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    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
    "They are the proof that something was there and no longer is. Like a stain. And the stillness of them is boggling. You can turn away but when you come back they’ll still be there looking at you."

    — Diane Arbus, March 15, 1971, in response to a request for a brief statement about photographs

  7. #487

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    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.

  8. #488
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    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...
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  9. #489

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    Quote Originally Posted by RattyMouse View Post
    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...
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  10. #490

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    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.



 

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