During an earning call, Eastman Kodak’s CEO Jim Continenza said, “So on film, right, we’re doing a shutdown in November, total shutdown.” (finance.yahoo.com/news/q3-…)
Jim states the “shutdown” is necessary for the factory upgrades: “…in November, we will be modernizing the plant, putting more investment within that.”
Film demand was the first item the CEO listed as a key growing product at Kodak: “As we continue to grow the different initiatives… which really comprises of film, chemicals, substrate coating for EVs…”
This summer, I estimated that film production (for still photographers alone) is a $7.2B market (analog.cafe/r/how-big-is-f…), in which Kodak is a dominant player, at least when it comes to colour.
This grabby news item generated many positive comments from the community, who were excited about an upcoming improvement to Kodak film (maybe it’ll be cheaper?) and a nice +5% bump to Kodak stock.
Dmitri Nov 20, ‘24