Kodak News; June 3 – 7

1950s Kodak logo

1950s Kodak logo

History still in the making…

Kodak announced on Monday that it has reached a new agreement with 20th Century Fox to supply motion picture film to its movie and television studios through 2015. Although demand for movie film is down, Kodak said it continues to manufacture billions of linear feet of film each year. At the same time, Fox has told theater owners that they intend to end film distribution in the U. S. within two years.

Kodak has notified 61 workers that they are to be laid off by August 28th, according to a document filed with the NY Labor Department. Those being let go work with photographic equipment and supplies within Eastman Business Park.