Splash News & Picture Agency, a prominent paparazzi group, has filed for Chapter 11 bankruptcy stating that the global pandemic that has kept celebrities indoors is partially to blame, but also fighting a privacy lawsuit by Meghan Markle has caused the group to default on a nearly $1M loan.
DxO Labs today announced that it has filed for Chapter 11 Bankruptcy Protection, confirming reports of the move that emerged last week.
Kodak clawed its way out of bankruptcy this past Tuesday, but the Rochester-based company has a long climb yet.
There's been plenty of talk on this topic over the past week, but most of it seem to be focused on what Kodak gave up to emerge from the shadow of Chapter 11. NBC News, for example, emphasizes the loss of consumer-oriented operations and a 50% reduction in yearly expected revenue when they discuss the "New Kodak Moment."
Anyone with an appreciation for Kodak’s heritage is sure to feel a twinge of sadness over these developments, but it is still far too early to be asking if the sacrifice was worth it. The more important question is "will it work?"
Ritz Camera and Image LLC officially filed for bankruptcy last Friday for the second time in three years. And while bankruptcy and financial trouble in general are, unfortunately, not uncommon in the world of photography these days, Ritz is making headlines because of their major unsecured creditors. Amon the biggest names on the list are Nikon, Sony and Fuji, all of whom stand to lose quite a bit of money as Ritz prepares to restructure.
It wasn’t too long ago that Kodak filed multiple patent infringement lawsuits against Apple in a scramble …
Well, the rumors were true: today the iconic photography company Kodak announced that it has filed for Chapter 11 bankruptcy protection. What this means is that the company is given permission to continue its normal operations as it struggles to restructure and transform into a sustainable business.
The Los Angeles Times is reporting that Kodak may be “a shutter click …