Death of Kodak; Death of Film

The trees outlived the car!

This whole situation makes me think about similar changes that have happened in the music industry (on the recording side).

You can't buy a new reel to reel tape machine anymore. Tape stock is harder and harder to come by. The recording community has responded with a mix of keeping their old machines on life support, and a stronger interest in high end mic preamps and analog output summing busses, as a way of imparting a little analog magic onto the signal.

The best guitar amps use tubes, but tubes are obsolete technology for anything but guitars. Most of the tubes today are NOS (new old stock; old but never used) from America or manufactured more recently in countries like China and Russia.

There is also The Impossible Project, where the old Polaroid factory workers bought the factory and started making Polaroid instant film again on their own as a new company.

It's worth noting that both Arri and Panavision have stopped making film cameras entirely in the last year or so.

Kodak (and Fuji) sold a lot more film for release prints than they ever did for the camera negative. Theaters have been adopting digital projection at a pretty rapid pace, and the combination of release prints and camera negative brought a certain economy of scale.

I think the future looks pretty digital, although I suspect there will always be at least a small fringe element that uses film, possibly sourced from small boutique companies at extremely high prices.
 
Yeah, but it remains to be see if Kodak will end up like Bendix Woods... what is Bendix Woods... Here's a picture...

Studebaker-Trees.jpg

Dude.... I live in Detroit. Trust me, I do know about collapsed industries. You should come up sometime.... We'll go explore the old Packard plant!!
 
Kodak still falling. Even when the DOW, NASDAQ, and SnP all gain 4% (November 30th) Kodak still fell. Today, another 7% to cancel out any progress in the good week. The stock now sits at $1.03... Very few stocks can loose 80% of their value in one year (ytd) and survive the psychological weight of falling below the $1.00 threshold. What now? Kodak still has not offered anything to show how it will turn itself around, besides finding temporary refuge in selling patents... which is basically using the 'in case of emergency' lever.

However, FujiFilm, the only other big film emulsion maker is expanding... however unlikely the direction. Perhaps this line of cosmetics will be film neutral and a good choice for screen use. :)

Sure Kodak's issues are not because of the film emulsion division, nor can they be solved by the film division. However, my point is to illustrate how the parent company must survive to take care of the children. Fujifilm just took the equivalent of a second job. Kodak is still selling belongings at the garage sale.
 
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Sorry the link is being strange... http://www.ft.com/cms/s/0a121d30-1d0f-11e1-a134-00144feabdc0,s01=1.html

Fujifilm of Japan is rolling out a multimillion-euro launch of its skincare range into Europe, brushing off fears over a eurozone meltdown and wary consumers.

British, French and German consumers will be able to buy the £70 serums and £45 moisturisers from next spring, with the US set to follow a few months later.


The move sees the 80-year-old Japanese group, best known for photographic film and surgical equipment, expand into one of the most crowded consumer sectors and markets. It is doing so at a time when many more established skincare groups are ramping up in faster-growing emerging markets.

That's the jist of it.
 
To me, one of the sure signs of the falling prevalence of motion picture film is the below eBay auction. An Arri BL 4 package with:

ARRIFLEX BL4 Body with PL Mount, 4Perf Movement, Variable Shutter, Full 35mm Gate, Arriglow module and Arriglow Groundglass in green.
2 400' Mags
2 1000' Mags
1 BL4 "Chubby" Viewfinder Extension
1 Wideangle Eypiece with heated Eyecup
1 regular Eyecup
1 VideoTap (BW) with all cables (will add picture later)
1 Powercable
1 Powercable for heated Eyecup (feeds off accessory block)
1 15mm Baseplate (sliding) with 2 18" stainless steel rods (15mm)
1 Jon Fauer 'The Arri 35 Book'
2 new extra Leather Chamois Eypiece Cushions.
The package is extremely clean and works perfect. Very quiet.
Has been maintained by Visual Products.
Comes in 4 heavy duty cases.

IT WENT FOR $6500.00!!!

When I saw that, I dang near cried. I know that using that camera package is absolutely unrealistic for me, but.... That camera package cost well over $60,000 when it was bought new, and similar ones are still fetching around $25,000 and this one is went for about $1500 more than I dropped on my FS100. AHHHH.... I think I am gonna cry again.

http://www.ebay.com/itm/ARRIFLEX-35-BL4-35mm-MOTION-PICTURE-CAMERA-PL-MOUNT-ARRI-PANAVISION-/190604078191?_trksid=e11010.m8&_trkparms=algo%3DMW&its=I%2BC&itu=UCC&otn=5&ps=63&clkid=4474714646123507298&fb_source=message

I swear though, with the price of great camera gear falling like it has, I do want to pick up an Arri SR-3 S16 package, if I can get it for less than $5000. I love that camera. I know that I would only use it for specialty situations, but I have wanted one for a very, long time. I still think even with the troubles that Kodak is having, motion picture film will still be available for a long time. I mean, shoot, you can still get Regular 8mm (Double 8mm) and Double Super 8 stock and processing 46 years after the "Demise" of Regular 8mm, and 32 years after the "Demise" of Double Super 8. Motion picture film's days are waning as the primary means of cinematic expression, that is for sure, but I don't think that it will cease to be an available means of cinematic expression for quit some time from now.
 
> IT WENT FOR $6500.00!!!

Unimaginable.

Yeah, I know. I remember watching Mark Wexler's documentary on his father Haskell Wexler, "Tell Them Who You Are" and there is a scene where Haskell is selling his camera gear, including, I think, a BL4 package. I thought, at the time I watched the flick, oh how sad, Haskell is giving up his tools and packing it in. Now, with all that is going on, he was smart to have sold the stuff when he did, and probably got a decent price for it. I think it would be more sad to think of him selling the stuff now and getting a pittance for his gear.

http://www.imdb.com/title/tt0420952/
 
The stock really can't sink much faster than this. Terrible day/week/year/half decade for Kodak.

Picture 9.png

I first posted about the demise of Kodak almost three months ago. Since then the stock has fallen about 75% of that value.
 
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Terrible .. if it hasn't been said .. when the NFL turns to digital then it might be all over.

Cheers.

Yes and no.

That would be a significant, if not fatal blow to the motion picture film division of the company. But you must remember, Kodak is a very big company. They are more than just eastman kodak film emulsions. They are consumer video and photography cameras, ink-jet and photo printers, photo-paper, photography developing and photo film, etc. The demand of motion picture film falling, does not help them, but their serious problems seem to come from the failing consumer brands, imo. My original statement in this thread was that the death of film would not be because of the decline in demand we are experiencing now, but Kodak's demise would be more immediately realized in the wake of their entire company failing from reasons much greater than simply the advent of the digital age in cinematography.

In summary, Kodak Film will die not because it reached event horizon in the war with digital, but because the entire company has been run into the ground. The death of film was certain, but Kodak's mismanagement as an entire company outside of motion picture film stocks, has seemed to fast-track the end.

If the company goes under, which I expect it to (unless a miracle group of investors ride in to save a company nobody thinks can be saved), the best scenario is that everything gets sold off, someone buys the motion picture film stock division of the company, and film continues to slowly decline the way it should have naturally. Otherwise, it's really going to be a cold-turkey end to Kodak film. That would be a sad day.
 
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Terrible .. if it hasn't been said .. when the NFL turns to digital then it might be all over.

Cheers.

Well its happening. I bought my cooke 18-100 from NFL Films. They were liquidating it to buy 5x 5DmkII's......

Oh well. I got a killer lens at a killer price. :)
 
So it's a good time to buy, right?

Hahaha, not sure if you're serious, Taylor. :)

If you believe Kodak can pull itself out of this mess, than yes... it really is. But the way I see it, there is a good chance if you do invest now, you'll simply be holding a pile of worthless stock certificates very soon.

As of now, Kodak is done. If they start selling patents, this stock will rise because it will show they are solving their money problems, very temporarily staving off chapter 11. But selling patents only buys time, it does not ensure a healthy future. Kodak has shown little real initiative (thus far to the public) to change their business plan. Thus, this leads me to believe, even if they get a quick cash cow, they will still bleed that money out, leaving them back to where they are now, but with nothing to sell.

I don't tend to invest on short term ups or downs, or big gambles. I like to find a company that is undervalued, or a company who I believe is on going to grow. I would invest in Kodak, if their CEO announced a new business plan which seemed to move them in the right direction. I believe they have a name brand which people still respect... The real challenge is if anyone can come up with a new business charter, and if Kodak is indeed not to big to steer in a new direction.


If I were a gambling man, I might. But I'm fairly certain EK is done. We might get a patent sale here or there, and the stock may rise around 20% on each news item of sale, but I have a feeling their stock value will come back down and continue to deflate so long as Kodak does nothing to change its ways. If you are a day trader, this might be a fun stock to play with, but that's not how I invest. I'm more like a really really poor Warren Buffett.
 
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Not to beat a dead horse, but Eastman Kodak was listed by Fortune 500 as the second worst stock of 2011.

http://money.cnn.com/galleries/2011/markets/1112/gallery.fortune500-worst-stocks.fortune/9.html



They better start selling those patents, or they will join the chapter 11 club next year.

I think there should be a new magazine coming out "Unfortunate", and then Kodak would be near the top the "Unfortunate 500" list...

Is Kodak 'too big to fail'?

A company that is closer to my day job activities, Motorola, it has been sloughing off business for the last 15-20 years or so... I was at the facility that use to be
the 'Iridium' communications project central... talk about a ghost town... as it was it being rented in part, a small part.. as a storage facility for another company...
 
Well,

Im not sorry to see it go. Film bled me dry!

I still know one or two knuckleheads that insist on making film films - they haven't seen the writing on the wall.
and they think small vid cameras are "unprofessional ".
 
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