We reported last August that Kodak was looking to sell its camera film business along with a number of other core businesses. Well, the company has now succeeded.
Kodak announced today that it has reached an agreement to sell off its two remaining imaging divisions -- which includes its photographic film business -- in a major deal worth $2.8 billion.
Stamps, coins, comic books, and baseball cards. Those are some of the popular things people around the world collect as a hobby. Not Ying Nga (Cecilia) Chow. She collects unprocessed photographic camera film.
Chow, a photography enthusiast based in Hong Kong, China, started collecting different films back in 2008. Since then, she has amassed an impressive collection of over 1,250 different films, ranging from ordinary films that are still in use today, to obscure old Russian films that you'll be hard pressed to find anywhere on Earth. The collection features films by over 100 different brands from 30 different countries.
It's a sad day for film photographers: Kodak has announced that it will sell off its camera film business, one of the huge pillars of what made Kodak Kodak in the eyes of consumers around the world. It's yet another step in the company's effort to climb out of bankruptcy, which it hopes to do by next year, and transform itself into a commercial printing company.