History in the making…
The Bankruptcy Court judge approved the deal to give $830 million in loans to Kodak. Kodak still would have to meet the condition that they sell their digital imaging patent portfolio for at least $500 million in order to get that loan.
Kodak is ending a sponsorship at U.S. Disney Parks at the end of the year. These are the marked “Kodak Picture Spot” and are meant to help visitors find the most photogenic spots in the Disney Parks. Kodak has been a Disney sponsor since the opening of Disneyland in 1955. Crews at Disney will soon be removing the Kodak signs. Kodak has a kiosk in Disneyland that stopped selling 35mm film this week. They are expected to continue to sell batteries, digital memory cards and disposable cameras. Kodak will also continue to process the souvenir photos at attractions, such as pictures snapped of visitors riding Splash Mountain.
On Wednesday Kodak announced a new Super 8 movie film. VISION3 50D Color Negative Film will be available in January. This is a fine-grained, low-speed film for capturing images in natural light.