Their film divisions has lost money Q over Q at about 10% per.
Originally Posted by keithwms
It's a steep decline of demand with no bottom in sight.
Who buys a product with a declining customer base? Where are the new cameras in which to put new film? Where are the new customers to get that return on investment?
There is a very real threat that Kodak's entire film production operation is shut down. If their creditor in place financing does not go through, the film division could be starved for operational capital.
The film division is not a bleeding asset in the eyes of the creditors. The freefall in demand for film will, soon, not cover the expenses to make the product.