Yes, I could speculate on that topic, but I will not. I don't think it would be helpful in any way.
Only Eastman Kodak and KodakAlaris know the exact terms of their contract. We have to accept that.
Best regards,
Henning
If hospitals handled blood supply like that, we'd be in real trouble.
"Nurse, give a pint of A+, quick."
"Sorry Doctor. We're fresh out. Would B- three weeks old be OK?"
B&H have to buy from a distributor, including Keith Canham.
The distributors probably only order from KodakAlaris when they have orders in hand.
KodakAlaris probably only orders from Eastman Kodak when they have orders in hand.
Eastman Kodak probably only cuts and finishes (edge notches and...
KodakAlaris was assigned the marketing and distribution rights for the Kodak branded photochemical business. They owned those rights.
Sino Promise bought those rights from KodakAlaris. They now own those rights.
If you own those rights, you own the right to not produce the product.
What is...
Since KodakAlaris film sales of $30 million to lower level distributors would include the cost of their film purchases from Eastman Kodak, that has to make Kodak sales to Alaris something less than $30 million, what, $15 million, let's say. That's a small portion of the $75 million in total...
Like most (all?) private corporations in the UK, KodakAlaris are required to publicly report their financial statements, and they do.
The numbers in that video are interesting, because the financial statements of both KA and EK don't break out the numbers for film.
Of course, other than for...
...with the video is that, to the best of my knowledge, Eastman Kodak doesn't share what portion of the Advanced Materials and Chemicals revenue relates to film or photography. Same applies to KodakAlaris and film, although the "Kodak Moment" segment is, at least, all about photography.
...included in Eastman Kodak corporation's numbers. The guy in the video said Eastman Kodak film sales were $25 miilion but did not include KodakAlaris sales. Alaris is an independent private corporation, so their statistics are kept rather quiet unlike Eastman which is a public corporation...
Well I haven’t bothered to find the report so it was an honest question.
Would you happen to have a link to the report?
Edit. Did a bit of searching. The numbers seems completely intractable to extract.
I’d need a screen-dump with an arrow to the number(s).
Maybe I misunderstood your question, but KA numbers are included in EK's reporting. Alaris is just a distributor, no different from Lomography or Cinestill. They all sell film manufactured by Eastman Kodak.
...includes the revenue from motion picture film they sell directly or sell to retailers/distributors, and the film they sell wholesale to KodakAlaris.
Again according to the video, KodakAlaris' annual revenue from film sales to lower level distributors was $30 million dollars for the year...
Interesting and well-done video on the background and current situation of Kodak. Apparently, they do $75 million in film sales just a small part of their overall sales. This amount does not include Alaris sales who distribute Eastman Kodak film.
Folks - can we please leave the subject of pensions. The fact that a film distribution company called KodakAlaris is merely one of the investments of a biggish private pension plan in the UK has nothing to do with the availability of film.
Kodak Ltd. was the UK subsidiary of Eastman Kodak, and it was, relatively speaking, huge!
It is gone. The only remnant is a relatively large pension fund, which despite being quite large, wasn't large enough to pay the actuarially projected future obligations of the former employees of Kodak...
It;s still all very coinfusing. Who is Kodak Ltd. How does Kodak Ltd. make money to pay the pensions of the old Alaris retirees?
what happens if there is a shortfall in pension payments to the old retirees and Alaris has to make up the difference? Wouldn't a new buyer of Alaris be responsible?
...Kodak, but has no other direct connection with any of the Kodaks, past or present. To help, I'll refer to it as Alaris from now on.
KodakAlaris happens to be owned - by way of shareholding - by what was before and now is in effect a pension plan. KodakAlaris has no connection with either...
Frankly, Matt, I really don't understand the arrangement as you described it. I'm sure that's my problem, not yours. My point was if KodakAlaris's profits provide for pension payments, whether for new or the original employees and retirees, any purchaser of Alaris would take on the financial...
Any pension entitlements that KodakAlaris employees have as a result of their employment with KodakAlaris are distinct and separate from any pension entitlements that any of those people may have had as Kodak Ltd. employees. With the bankruptcy, all pension contributions to the old Kodak Ltd...
Doesn't KodakAlaris have a relationship with that pension fund? It seems that the purchaser of KodakAlaris would then have to take on the responsibilities they have with the Alaris retirees. No?
No - the Alaris retirees are Alaris'/the Kodak Limited/UK pension authority's responsibility. That was the term of the bankruptcy settlement. There still is a huge amount of money in that subsumed fund - just not enough, if the actuarial projections are accurate. Those pesky Kodak retirees...
If Fuji don't restart in-house production of colour negative film I shall eat one of my most smelly socks.
But this announcement from Kodak is probably about as good as it can be. Even the most fervent doubters can rest easy for a few years, knowing Kodak films aren't going to disappear...
KodakAlaris sold the photo-chemical business to Sino-Promise Holdings 3.5 years ago.
There is product around that has the pre-2019 MSDS, and Sino Promise/post-2020 labelling. Some of that Sino Promise labelling says "Made in EU" and some of it says "Made in China". The variation in...
Wasn't Alaris up for sale? Or did they work something out to stay in the business? I would have thought Kodak would have re- absorbed Alaris back into the main company.
The only thing I know was that the old contract had to be renegotiated because Covid resulted in KodakAlaris being unable to fulfill its terms.
So I'm glad that KA was able to right the ship enough to justify another 5 years.
...the Q2 2023 earnings call on Wednesday (9 August).
“We recently renewed our supply agreement for film with our long-term customer, KodakAlaris in a deal that will run through 2028,” he said. “We are committed to manufacturing film as long as there is demand from the filmmakers and...
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