This report highlights the huge changes in photography in the last decade and of course the need for companies to adjust to changing technology. Whereas other companies in the field adjusted to the digital age and saw themselves as being in the image business, Kodak remained essentially a film company.
From the ABC:
Iconic photography company Eastman Kodak is preparing to file for bankruptcy in the coming weeks if efforts to sell off digital patents fall through, according to the Wall Street Journal.
The WSJ says "people familiar with the matter" have confirmed that the filmmaker is in talks with potential lenders for around $1 billion in financing to keep it afloat.
The 131-year-old company is still making last-ditch efforts to sell around 1,100 patents through a court-supervised bankruptcy auction.
A filing for bankruptcy could occur as soon as this month or early February, the source said.
Kodak spokespeople in the US could not be reached for comment this morning.
Kodak shares plunged 28 per cent on the report.
New Life Narrabri 
Sadly, it isn't surprising. My dad worked for Kodak for many years until his retirement about 20 years ago. They had a huge facility in Toronto, it was like a small city with another large factory 30 or so miles away. He went back there a year or so ago and all the buildings but one had been levelled. We were always loyal to Kodak because of his association with them, but as mentioned in the article, there is a need to adjust to the technology and for some reason they didn't keep up after things went digital. I certainly hope they can recover something from this great company..
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Very good observation. I guess in our personal lives as well.
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Yes it's sad.There is also a warning here for the church. Do we keep doing the same things we've always done because we like it that way? Or do we re-imagine what we are about i.e. making the love of Jesus known in our dark world, and adapting the methods without changing the core business?
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