During CES Kodak announced that they licensed their brand name to JK Imaging for certain consumer products, including digital cameras, pocket video cameras, and portable projectors. In an interview with AP, Kodak’s representative confirmed that a new compact system camera will be part of the portfolio:
Kodak will get approximately $525 million for its patents portfolio. This was a necessary step in order to get the previously reported $793 million in financing in order to exit from bankruptcy and continue as a commercial printing company. Full press release:
Bloomberg reports that Eastman Kodak have arranged $793 million in financing in order to exit from bankruptcy and continue as a commercial printing company. One of the condition for the funding is the sell of Kodak’s patents for $500 million.
Yesterday Kodak published a press release announcing “continued performance improvement in segment profitability for the third quarter of 2012“. The company was able to reduce their expenses by 24% ($63 million). The operating loss for Q3 was $37 million ($87 million improvement from the previous year). The company’s profit margin increased by 2%: “Since our Chapter […]
Kodak announced that is discontinuing the Professional T-MAX P3200 film due to “low sales volume“. In the past few months Kodak stopped producing digital cameras, sold its sensor business, increased the price of film by 15%, and discontinued three slide films in an effort to reorganize its business. Both Adorama and B&H currently have the T-MAX P3200 in stock.
The Fuji X100 limited edition kit is now $100 off. Pentax K-30 now shipping in the US. The President of Olympus said that the OM-D E-M5 sensor is made by Sony.
New laptop sleeves from ThinkTankPhoto: Artificial Intelligence 13 V3.0, Artificial Intelligence 15 V3.0, Artificial Intelligence 17 V3.0. Samples of the new Fujifilm WCL-X100 conversion lens for the X100. New firmware released for Canon EOS 60D and Canon EOS 60Da. Pentax no longer supports the AF-540FGZ flash.
Former Olympus CEO Michael Woodford to receive $15.4 Million settlement. Kodak to auction more than 1,100 digital imaging patents. Canon to start manufacturing digital cameras in Brazil. After a delay, the Canon EOS-1D X will start shipping on June 20th. Canon T4i now in stock.
Canon invested £10 million in the UK based photo store chain Jessops. Fujifilm to end APS film sales this month. ITC says again that Apple and RIM don’t violate Kodak patent. Canon announces resolution of patent infringement disputes. Getty Images could be valued at $4 billion for a potential IPO.
Kodak will be increasing the price of all its films by 15%. No exact date was given for the price increase. Stock up on your favorite film now. A week ago Kodak announced that it will discontinue three slide films.
