Kodak, now going by the name of
Kodak Alaris. has announced the sale of its PPF (Paper, Photochemicals and Film) unit as soon as March 2019.
Just last month they promised to re-introduce
Ektachrome in 120 and sheet film later this year, but this week it was reported that they will be selling the company.
When Kodak filed for bankruptcy in 2012, it owed $2.8 billion to the UK Kodak Pension Plan (KPP). To settle this, KPP paid $325 million for Kodak’s imaging and document imaging businesses, which included Kodak film, paper, and photochemicals. Kodak Alaris now shares rights to the Kodak brand name with the Eastman Kodak Company (which actually manufactures the film and paper sold by Kodak Alaris).
Kodak Alaris is conservatively pegging the value of the film, paper, and chemistry business at
$34 million.
Canon Cameras
Sales of standalone digital cameras have been plummeting and
Canon believes the market for DSLRs will decline another
50% in the next two years. Mirrorless cameras have been eating away at Canon’s bread-and-butter DSLR sales, but they haven’t added to the total number of digital cameras sold according to Fujio Mitarai Canon President.