Kodak Addressing the Rumors about the fate of Kodak motion picture film

[lonelyboy]

Kim Snyder, President Kodak’s Entertainment Imaging Division Vice President of Eastman Kodak Company addressing the rumors:

http://motion.kodak.com/motion/About/The_Storyboard/4294969168/index.htm

 

[EASmithV]

I hope they mean what they say. The photography world wouldn't be the same without Kodak. I hope that they stick to it for the long haul, and that the investment in future-proof technology pays off enough for them to continue R&D

 

[Helinophoto]

Yes, and comical-Ali also said something like
"The americans are dyiiing.......runiiing in they tanks, away from the Iraqi army as we speak"
"Do noe be afraid my friends, you are safe here with me".

We saw where that ended

 

[JOSarff]

I began working closely with Kodak reps in 1978. This is the same 'film is here to stay, film will never die' rap they were spinning then, updated for 2011. BTW, using 'always' and 'never' in an argument is a sure sign of eventual failure.

 

[OzJohn]

Although it may be coated on the same machines as the film we are all interested in, this PR blurb only addresses the continued production of MP film. Of course they will produce that while ever there is a market because it is made in vast quantities. I also believe they will continue to make RA4 paper for a good while yet because there is a big market for it too, mainly to print digital snapshots! All of this, however, is no guarantee that Kodak will continue to make sporadic short runs of consumer/professional film. If you haven't done so, read elsewhere here on APUG about the confirmed demise of PlusX in recent days and EKs reasons for dropping it - basically not enough demand to justify coating any more of it. OzJohn

 

[ric_kb]

as sidebar... I requested Kodak to make a special order of 5,000 rolls of film... they couldn't take the order, even though they had all the technology... their suppliers couldn't supply them. Some had gone out of business...

when the river dries out, when local manufacturers disappear, ... certainly you can see the tree falling in these woods.

 

[lonelyboy]

as sidebar... I requested Kodak to make a special order of 5,000 rolls of film... they couldn't take the order, even though they had all the technology... their suppliers couldn't supply them. Some had gone out of business...

when the river dries out, when local manufacturers disappear, ... certainly you can see the tree falling in these woods.

May I know what kind of film you placed your order?:confused:

 

[Photo Engineer]

Under the present circumstances, can Kodak even pay its suppliers?

PE

 

[MDR]

Well they could sell their canadair challengers 604 would net them about the same amount of money as the Imax deal 8 - 13 Millions times two. to pay their suppliers. I personally hope that they don't have to and that the pilots will keep their jobs for a long time.

Dominik

 

[fstop]

Under the present circumstances, can Kodak even pay its suppliers?

PE

In what terms? do they have the capital or are not allowed?

 

[sdotkling]

I think the Kodak VP of Entertainment Imaging will find out about the end of film when she gets a pink slip. Until then, her job is to sell. sell, sell.

 

[Photo Engineer]

That was a rhetorical question. It has been asked and answered out there in the business world. According to one supplier, Kodak apparently did not pay the full bill for the printer ink it purchased, but EK denies this. What is real and what is not is known only by the parties concerned. Thus my rhetorical question.

PE

 

[Diapositivo]

It was my understanding that the ink provider decided not to give credit to Kodak anymore given the financial circumstances of the firm. Normally a provider delivers the good and is paid at 3 months, 6 months or so. When a client is rumoured to swim in troubled waters, providers fear to deliver the goods only to then remain locked in a bankruptcy, so they begin asking to be paid upfront. One has to infer that Kodak refused to pay upfront, and the provider stopped providing the ink.

When one provider asks to be paid upfront, it goes without saying that all other providers will ask to be paid upfront. That will increase working capital requirements and will make a financial problem bigger.

It is reasonable to assume that if Kodak had enough working capital to pay all providers upfront, they would have paid the ink provider upfront and would have avoided the bad press and the panic surrounding its viability as a firm.

So Ron's question is quite valid, Kodak is in the condition of being unable to convince its providers that they will be duly paid, and that's normally just one step away from being bankrupt.

Fabrizio