According to PMANewsline, the further splintering of Kodak has continued. And this time, they’re parting ways with their Document Imaging business for around $210 million. Brother will also get stuck with a “deferred service revenue liability” totaling $67 million.
Now, let’s take a look at the entire timeline of what’s been happening in Kodak’s current whirlwind.
2/10: Kodak announces that they’re backing out of the camera business.
3/01: Kodak discontinues all their slide film.
7/03: Ektachrome becomes tougher to find in stores.
8/23: The first mumbles of the company selling off their film business hits the web.
9/28: After previously announcing that they would restructure to work in the printing business (and even after going to many trade shows in NYC showing off their printers) Kodak announces that they’re pulling out of the printer business.
11/14: Kodak becomes set to receive $793M from a slew of banks, however there is a stipulation that the company make at least a half a billion on their patent sales, which thus far has not been a successful venture.
11/24: Rumors stir that Lomography may be a potential suitor for Kodak.
12/07: The company’s digital imaging patents are sold for $500+ Million.
12/13: In a very weird move, Kodak releases a new Super 8 film.
12/19: Apple, Google and Microsoft are named amongst the purchasers of Kodak’s patents.
1/18: Kodak and a company that might as well be branded a startup called JK Imaging announce a new Micro Four Thirds camera. JK Imaging is also announced as a new member of the Micro Four Thirds coalition.
1/23: The approval for the massive loan finally comes through.
1/24: Kodak expects to exit bankruptcy before the end of the year.
Please Support The Phoblographer
We love to bring you guys the latest and greatest news and gear related stuff. However, we can’t keep doing that unless we have your continued support. If you would like to purchase any of the items mentioned, please do so by clicking our links first and then purchasing the items as we then get a small portion of the sale to help run the website.