Kodak's headquarters. Image by Getty.
The timing of the demise of the online Kodak Gallery, just two days before the July 4th holiday in the US, is both sad and apposite. Millions of digital photos will still be taken on Independence Day – you just won’t be able to store, share and reprint from them via the Kodak Gallery websites any longer.
At noon Pacific Time on Monday July 2, the US version will move all the photos stored there to new owner Shutterfly. At the same moment (8pm British Summer Time), the UK site will simply be switched off. Never has the greeting “Dear valued Kodak Gallery member” – on the email I received four days ago announcing the UK shutdown – sounded more hollow. Read more
Kodak’s Chapter 11 filing is a sad day and it makes me wonder how long Antonio Perez plans to stick around as its chairman and chief executive.
There is no mention in the Kodak announcement of Mr Perez stepping down, although his strategy of shifting the company from film to digital printing clearly ran out of road. Instead, he portrays the event as another step in his strategy: Read more
It’s sad to see Eastman Kodak reduced – at least in many investors’ eyes – to a punt on the photographic pioneer’s patents.
On Wednesday, its shares jumped by a quarter on the suggestion that its intellectual property could be worth more than the company itself. It’s a sign of the times as much as it is a sign of Kodak’s failure to find a convincing answer to the digital photography challenge: Google’s $12.5bn agreed bid this week for Motorola Mobility was largely based on the value of the mobile phonemaker’s patent portfolio. Read more