News for Kodak Film Users

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Paul Jones
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News for Kodak Film Users

Post by Paul Jones » Thu May 30, 2013 2:31 pm

Kodak sells two businesses to its own UK pension plan, in $650m deal

"It is an unusual deal, maybe the first of its kind," says Laura Quatela, president of the Eastman Kodak Company and its personalised imaging business. The deal, which should allow Kodak to emerge from bankruptcy protection, will see the firm sell its personalised imaging and document imaging businesses to its own UK Kodak Pension Plan (KPP).

Kodak also expects the deal will enable Kodak's film business to strive. "The members of the KPP are both former and current Kodak employees, and so under their ownership, we have their commitment to the legacy and history of Kodak," says Quatela. "We have a financially stable owner that is very much committed to investing in our success."

Quatela adds that the new company has no plans to discontinue any of Kodak's film and paper products. "We're continuing in a normal manner. These two businesses are actually quite strong. They have been performing really well. They generate $1.4bn in revenues. It's a revenue stream that KPP can rely on in the future." ... nsion-plan

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mark dyson
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Re: News for Kodak Film Users

Post by mark dyson » Fri May 31, 2013 9:48 pm

Good news, the film business will be gathering momentum as more people are turning back to film and running it together with digital. Film is a very versatile medium as you can process it in a darkroom or scan and go digital. Long live film.

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