The Kodak corporation has filed for Chapter 11 bankruptcy. The industry dinosaur has struggled to remain relevant in a film-less world and seems to be going the way of the buggy whip. Twitter responds:
#Kodak, how does that ‘stop bath’ feel now? Sincerely, Photo PaperSo
I wonder if Kodak filing for bankruptcy was a snap decision by management.
If that could happen to Kodak, I wonder what’s going to put facebook and twitter under the carpet someday.
Kodak is going under! What will hipster art students do now for a unique and retro portfolio???
#kodak has been undead for awhile.The declaration of bankruptcy by Kodak is the equivalent of the headless chicken running around.
Kodak used the razor blade business model – sell cheap cameras and make money on expensive film. Didn’t work when cameras went digital.
Consoles use the razor blade business model – sell cheap consoles and make money on expensive games. Will it work when games go digital?
Which leads us to…