Yeah… I don’t really know either. Kodak Pension Plan is a separate company, and Kodak (actual Kodak) owed them a lot of money. Kodak just announced that they sold the part of the business that deals with film (amongst other things) to KPP, principally as a way of paying off a few billion dollars of debt. That seems to put Kodak itself out of bankruptcy.
What this means for photographers is not very clear. The press release isn’t exactly informative, and while Kodak has made some further statements on its Facebook page, they’re pretty vague. As far as I can figure out, it’s not bad news, at least not yet. They say that they ‘don’t expect any changes at this time’, which appears to mean that Kodak will continue to manufacture film in Rochester, and the new company owned by KPP will market it under the Kodak name. For now, we’re still going to have Kodak film. I’m kind of worried about what a pension company will ultimately want to do with a film business, though.
