Kodak Should Exit Bankruptcy This Year: Here’s a Chronology
Eastman Kodak has been in Chapter 11 bankruptcy for a while, but they recently received approval from the U.S. Bankruptcy Court that authorizes Kodak to borrow up to $844 million in its restructuring. According to Engadget and the Verge, the company might be out of bankruptcy this year. But here’s a chronological timeline of the recent events.
2/10: Kodak announces that they’re backing out of the camera business.
3/01: Kodak discontinues all their slide film.
7/03: Ektachrome becomes tougher to find in stores.
8/23: The first mumbles of the company selling off their film business hits the web.
9/28: After previously announcing that they would restructure to work in the printing business (and even after going to many trade shows in NYC showing off their printers) Kodak announces that they’re pulling out of the printer business.
11/14: Kodak becomes set to receive $793M from a slew of banks, however there is a stipulation that the company make at least a half a billion on their patent sales, which thus far has not been a successful venture.
11/24: Rumors stir that Lomography may be a potential suitor for Kodak.
12/07: The company’s digital imaging patents are sold for $500+ Million.
12/13: In a very weird move, Kodak releases a new Super 8 film.
12/19: Apple, Google and Microsoft are named amongst the purchasers of Kodak’s patents.
1/18: Kodak and a company that might as well be branded a startup called JK Imaging announce a new Micro Four Thirds camera. JK Imaging is also announced as a new member of the Micro Four Thirds coalition.
1/23: The approval for the massive loan finally comes through.
