Saturday January 21, 2012

Eastman Kodak Files for Bankruptcy

I guess you would have to call this a Kodak Moment for sure. After 131 years in the business, Eastman Kodak has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court in New York. Kodak is another in a long line of old established corporations that failed to adapt quickly enough to the digital age.

Founded in 1880 by George Eastman, Kodak became one of America’s most notable companies, helping establish the market for camera film and then dominating the field.

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