Kodak can fade in history after he was a giant in the photography industry

Kodak, Once Titan in the era of the movie, It is now risking fading in history because it faces the possibility of stopping operations forever.

The company witnessed years of decline after its failure to take advantage of the technology that was attributed to it in the invention, which eventually prompted the company to a road to a financial danger. While the company announced in the file of the Securities and Exchange Committee (SEC) on Monday that there is “great complaints” about the company The ability to stay at work, Kodak spokesman confirmed that he is confident of his ability to stay at work.

The Fox Business spokesman told a statement that the “Go Concent” language was required to disclose because its debts come within 12 months of deposit, but the company is sure that it will be able to pay a large part of its financial loan before it became worthy, adjusting, extending or re -financing our remaining debts and/or preferred.

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George Eastman, the young photographer, was established amateurs and school leakage, Kodak in the late 1980s after he invented a dry plate and patented a machine to prepare large numbers of paintings. These paintings allowed to photograph easier and more portable photography in the late nineteenth century.

Esstman’s success attracted businessman Henry A. Strong. Strong invested in the company, which led to the formation of Eastman Dry Plate Company in 1881. Eastman has left its full -time upset and began to focus only on how to simplify photography through innovation, which led to pivotal creations for this industry, such as patents in the Roll First movie in 1884, followed by the introduction of the Kodak camera In 1888.

The camera was credited with a revolution in photography by making it accessible to the masses. The camera has already loaded with a 100 -photos movie. It can be carried easily and came at a price of $ 25. After using it, the entire camera was returned to Rochester, where the prints were developed and a new film was introduced for $ 10, according to Kodak.

In 1900, the Kodak Brownie camera made photography more easily, with the sale of the camera for one dollar and the film is 15 cents per roll.

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Although the company has many changes in the names, it eventually became Eastman Kodak in 1892, a name still keeps today, although it is simply known as Kodak.

In 1975, Kodak invented the world’s first digital camera, but it failed to adopt this technology in the fear that she would kill her cinematic works. This decision was an incentive that led the company to the risky situation per day.

When he took digital photography, Kodak’s basic works collapsed. While eventually tried to jump into the digital photography game, she struggled to keep up with emerging competitors such as Canon, Sony and Nikon, all of which embraced it early.

“Given that Kodak’s basic works were selling the movie, it is not difficult to know why the past few decades have proven to be a challenge. The cameras have become digital and then disappeared in mobile phones. People went from printing pictures to their online participation,” Scott Dr. Anthony, a clinical professor at Dartmouth School at Tuck Business, at The Harvard Business Review.

It was equipped with debt, presented for bankruptcy in 2012. Between 2012 and 2013, Kodak closed, sold or floats on parts of the consumed photo portfolio at that time.

In an attempt to save her business, she was identified from consumers photography to commercial printing and technology.

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Today, Kodak indicates on its website that it focuses mainly on business solutions, although it still makes films and chemicals, and participates in consumer markets through a variety of marketing and partnership agreements. Simultaneously tried to revive her brand through licensing deals and bold experiments, such as Cooperation with Forever 21 On a collection of clothing, before the chain of clothing collapsed, and with Outfitters in urban areas to sell their products.