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  1. #31
    AgX
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    Kodak states:
    Under the agreement, which will be filed with the U.S. Bankruptcy Court, Kodak’s Personalized Imaging and Document Imaging businesses will be spun off under new ownership to KPP.
    The settlement agreement provides, among other things, for the spin-off of Kodak’s Personalized Imaging and Document Imaging businesses to KPP for cash and non-cash consideration of $650 million.
    Perez is quoted:
    The KPP transaction moves us past several key hurdles in our reorganization, resolving all potential claims worldwide, assuring continued operations outside of the United States, placing our Personalized Imaging and Document Imaging businesses with a new owner
    I admit though that the latter statement could be read either as closure of the Rochester plant concerning filmmaking, or as retaining a second plant abroad in addition to the mother plant...
    Last edited by AgX; 04-29-2013 at 01:34 PM. Click to view previous post history.

  2. #32
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    from AgX:

    Kodak states:

    Under the agreement, which will be filed with the U.S. Bankruptcy Court, Kodak’s Personalized Imaging and Document Imaging businesses will be spun off under new ownership to KPP.


    and Kodak has previously stated that they are retaining the film and paper manufacturing equipment outside of the Personalized Imaging and Document Imaging divisions, in order to fulfill their commercial motion picture film contracts that they still have.
    Matt

    “Photography is a complex and fluid medium, and its many factors are not applied in simple sequence. Rather, the process may be likened to the art of the juggler in keeping many balls in the air at one time!”

    Ansel Adams, from the introduction to The Negative - The New Ansel Adams Photography Series / Book 2

  3. #33
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    So Kodak would still produce the film in Rochester for the new entity. That's how it sounds.

  4. #34
    AgX
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    That press release of today does not indicate any retaining of film making equipment. Kodak did sell plants before and hired production capacity from the new owner when necessary.


    And...what would anyone spend $650million on?

    The whole Agfa consumer branch, seemingly not smaller than the resting Kodak filmmaking business cost only €175 about 9 years ago.
    Last edited by AgX; 04-29-2013 at 01:43 PM. Click to view previous post history.

  5. #35

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    Quote Originally Posted by Hatchetman View Post
    So Kodak would still produce the film in Rochester for the new entity. That's how it sounds.
    But for how long?

  6. #36
    AgX
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    As indicated above the issue of the Document Imaging division is also unclear: A few days ago the coming sale to Brother was announced, now its trade to KPP is stated.


    We just got a Kodak PR employee posting here for one of the few times in her years long membership, but still do not get some clarification...

  7. #37
    MattKing's Avatar
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    Document Imaging is a different division: "Kodak’s Document Imaging business provides a comprehensive portfolio of scanners, capture software and services to enterprise customers"
    Matt

    “Photography is a complex and fluid medium, and its many factors are not applied in simple sequence. Rather, the process may be likened to the art of the juggler in keeping many balls in the air at one time!”

    Ansel Adams, from the introduction to The Negative - The New Ansel Adams Photography Series / Book 2

  8. #38
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    So Kodak would still produce the film in Rochester for the new entity. That's how it sounds.
    Or, they might simply continue to produce film in Rochester until the MP contracts run out and by that time the new entity would have to have a coating facility up and running if they wish to make film. (Up and running might include buying out the existing facility.)

    Once the contracts are finished, Eastman Kodak (US) could do with the coating facility as they pleased. I'd imagine Perez would just love to find a way to dump it.

    So, we know there are Kodak coating facilities in the UK. It's likely that at one time not so long ago most if not all Kodak films were coated there for the UK and European markets. Maybe they can bring that capability back on-line. It's probably much smaller that the coating plant in Rochester.
    All this has happened before, and all this will happen again.

  9. #39
    PDH
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    With motion picture copies in the US coming to an end I dont understand what the value is for new owners. $650,000,000 is a lot of money for legacy rights.

  10. #40
    MattKing's Avatar
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    The colour paper market is still reasonably robust.
    Matt

    “Photography is a complex and fluid medium, and its many factors are not applied in simple sequence. Rather, the process may be likened to the art of the juggler in keeping many balls in the air at one time!”

    Ansel Adams, from the introduction to The Negative - The New Ansel Adams Photography Series / Book 2

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