kodak is officially filing for bankruptcy →
okay, everyone can panic now.
Welp, it’s been fun folks.
At this stage isn’t bankruptcy protection a smart business move by Kodak?
I don’t think Kodak film is going to disappear for quite some time.
NY Times DealBook article says:
“Citigroup is providing Kodak with $950 million in financing to allow the company to keep going. Kodak plans to continue operating normally during bankruptcy.”
Exactly. Kodak isn’t going away any time soon. This is just a step to give them more time to figure their shit out.