Kodak and the present growth or decline of the cine film business

[koraks]

I'm sure most of them were hired. To an extent these people would have replaced those leaving due to national attrition (pensioners, mainly), in part they're not necessarily dedicated to film finishing, some of them would fill positions that technically were required for years but there were no financial means to fill them, and to an extent they would have to play a role in meeting the demand of film that has grown in recent years. So a bit of everything, most likely.
PS I expect most were not specifically need for film finishing.

 

[Tel]

I was reminiscing a few days ago with a friend who used to work in Kodak Park about the old days (specifically 2001 when I was visiting and he was still working there). Even then (with hints of what was to come) it was an amazing operation; so sad to see it reduced.

 

[Alan Edward Klein]

Mentioned in a Kodak earnings call in August 2023. Quoted in multiple articles ie

Eastman Kodak committed to making film ‘as long as there is demand’

Eastman Kodak will continue to make photographic film as long as there is demand, the film producer’s executive chairman said in a call to shareholders this week. Eastman Kodak’s CEO Ji…

kosmofoto.com

Here's a transcript of the full call:

https://seekingalpha.com/article/4625658-eastman-kodak-company-kodk-q2-2023-earnings-call-transcript

I thought Kodak Alaris had a contract with Eastman in perpetuity. Hearing that it ends in 2028 is new to me. It also raises the question why an outside company (Kingswood Capitol) would buy Alaris subsequently in Aug 2024. What if Eastman decides they want another distributor? That would put Alaris out of business. Here's an article on the purchasing of Alaris. It is also a good description of what they do.

Kodak Alaris Announces Acquisition by Kingswood Capital Management - Kingswood Capital Management, L.P.

Kodak Alaris announced today that Kingswood Capital Management, LP ("Kingswood") has acquired the company from the United Kingdom Pension Protection Fund

www.kingswood-capital.com

 

[DREW WILEY]

I takes quite awhile for new technicians to fully acquire their necessary skills. Therefore these new hires themselves at the Kodak facility must themselves be thought of as a long term investment. That says a lot about their confidence in a reasonable stable market going forward. That's the take I got from the announcements. It wasn't about marketing or office staff, but mainly hand in hand with their expensive equipment upgrades for sake of greater production volume. And they can't simply wait until older staff retires, but need to train in parallel while it's still feasible. But one would have a contact inside the operation for a more accurate assessment.

 

[Paul Howell]

The "digital replacement" happened in Hollywood a decade ago, more or less. Similar than with still photograhpy, it seems that there is a growing interest in the past years on shooting movies with film.

As I recall J.A Abrams, Spielberg and other "A" directors and producers demanded, maybe too strong of a word" that the major studios including Sony and 20th Century Fox pay in advance for a set price for a production run of film even if not needed. That along with IMAX who uses film stock saved Kodak as still film production was enough to keep Kodak in business. The film that was not used was sold by Kodak to retail vendors who packaged the film as still film. When questions about the economics of the decision to keep production afloat, the CEO of Sony film production said that with a film that costs a $100,000,000, to spend a few more million for film is not worth worrying over. The question is, will the new directors and producers who came of age in the digital age feel the same way as the old guard.

 

[halfaman]

Do you have any evidence (even if it's just circumstantial) that there is *growing* interest?

I know that film continues to be a big part of the movie industry. Tarantino is a strong advocate for film. But my understanding was that film still on the decline; it's just a slow decline now. I tried to find information online, but all I could find was this page with a plot that ends in 2018, but that doesn't tell us what's happened in the last 7 years. Perhaps it's been a slow decline, perhaps it stabilized, and perhaps it bounced and recovered.

View attachment 404179

No data here. I am basing my opinion in the coments of some cine lab owners.

As I recall J.A Abrams, Spielberg and other "A" directors and producers demanded, maybe too strong of a word" that the major studios including Sony and 20th Century Fox pay in advance for a set price for a production run of film even if not needed. That along with IMAX who uses film stock saved Kodak as still film production was enough to keep Kodak in business. The film that was not used was sold by Kodak to retail vendors who packaged the film as still film. When questions about the economics of the decision to keep production afloat, the CEO of Sony film production said that with a film that costs a $100,000,000, to spend a few more million for film is not worth worrying over. The question is, will the new directors and producers who came of age in the digital age feel the same way as the old guard.

John Mathieson said in interview that he had to fight to shoot Jurasic World Rebirth (100 million dollars budget) on film. Producers thought that they will end with a million feet of footage that will cost a fortune to process and edit. Apparently, on digital there is an habit of recording continously without any stop between takes even they extend for a long time. Nobody pays a lot of attention to the ammount of footage. Mathieson explained that on film it was pretty much the opposite (Kubrick or late Olson Welles aside) and the ammount of footage will be significantly less than with digital.

DP John Mathieson harnessed Kodak 35mm film to bring a sense of…

Director Gareth Edwards and DP John Mathieson revive Jurassic World with an action-packed, nostalgic adventure, shot entirely on KODAK 35mm film.

www.kodak.com

 

[halfaman]

I thought Kodak Alaris had a contract with Eastman in perpetuity. Hearing that it ends in 2028 is new to me. It also raises the question why an outside company (Kingswood Capitol) would buy Alaris subsequently in Aug 2024. What if Eastman decides they want another distributor? That would put Alaris out of business. Here's an article on the purchasing of Alaris. It is also a good description of what they do.

Kodak Alaris Announces Acquisition by Kingswood Capital Management - Kingswood Capital Management, L.P.

Kodak Alaris announced today that Kingswood Capital Management, LP ("Kingswood") has acquired the company from the United Kingdom Pension Protection Fund

www.kingswood-capital.com

Kodak Alaris was founded as a way to pay the debt Eastman had with the UK employers pension fund, one of major creditors during 2012 Chapter 11. There was no need to be a perpetual contract, but it will take a very long time to pay the 3 billion dollars Eastman owed. I don't know what will be the situación after so many changes in ownership and UK pension fund having nothing to do nowdays with Kodak Alaris.