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OPINION
January 8, 2012
Every revolution has elements of tragedy as well as triumphs — even the bloodless revolutions in the way people earn a living. Economist Joseph Schumpeter called it "creative destruction," the entrepreneurial-driven process that "incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one. " Such a process was set in motion by digital technology, which released information from...
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BUSINESS
May 30, 2013 | By Roger Vincent
The historic former Hollywood home of Eastman Kodak Co. has been purchased by developers who plan to turn it into one of the city's increasingly popular office sites for creative businesses. The two-building complex on Santa Monica Boulevard at Las Palmas Avenue dates to the early days of the movie industry. In the late 1920s, Eastman Kodak scientists working there helped develop the company's first film designed for sound motion pictures. Lincoln Property Co., one of Southern California's largest commercial landlords, bought the 100,000-square-foot complex for $24.5 million from Thompson National Properties of Irvine.
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BUSINESS
January 20, 2012 | By Tiffany Hsu, Los Angeles Times
Eastman Kodak Co.'s grand days as a vanguard American company, responsible for the millions of photos stuffed in family albums and shoe boxes across the country, seemed far away when the company finally filed for a long-expected bankruptcy. But although many knew that Chapter 11 restructuring was coming for the storied brand - long buckling under competitive and technological pressures and liquidity woes - the announcement still left many in a somber mood. "There's a romanticism that everybody feels with Kodak - it's like holding a blank canvas," said Damon Berger, co-founder of the Disrupt/Group production house in Hollywood.
BUSINESS
December 19, 2012 | By Tiffany Hsu
Bankrupt Eastman Kodak Co. said it will sell about 1,100 digital-imaging patents to a group that includes Apple Inc., Google Inc. and Facebook Inc., for about $525 million. The consortium of 12 companies, led by Intellectual Ventures and RPX Corp., also includes a collection of other major technology companies including BlackBerry maker Research in Motion, Amazon.com Inc., Microsoft Corp., Samsung Electronics Co., Adobe Systems Inc., Huawei Technologies Co. and HTC Corp. Fujifilm Holdings Corp., whose digital-camera innovations were said to be a factor in Kodak's decline, is also part of the group, according to a motion filed in bankruptcy court Wednesday.
BUSINESS
October 31, 2008 | Times Wire Services
Eastman Kodak Co., already slim from retooling for the digital age, said it was slashing its full-year profit and sales forecast and eliminating more jobs because of the global credit crisis. Its stock fell nearly 6%. The pullback by the photography pioneer overshadowed third-quarter results -- its profit more than doubled even as its sales dropped 5%. Driven by digital cameras, picture frames and inkjet printers, the Rochester, N.Y., company earned $96 million, or 33 cents a share, up from $37 million, or 13 cents, a year earlier.
BUSINESS
June 16, 1989 | From Times wire services
Eastman Kodak Co. today announced it will consolidate its four consumer photography products and picture finishing systems operations, a move that will result in the loss of several hundred jobs. Company spokesman Paul Allen said by year's end the new division will join together the consumer products, photo finishing systems and United States sales divisions. It also will include the administrative service area within the photo products group. The move, part of Kodak's continued cost-cutting strategy, is an effort to strengthen its consumer photography business.
BUSINESS
April 28, 1989
A group including the Robert M. Bass Group said it lowered its stake in Houghton Mifflin Co. to 1.1% of the common shares outstanding . . . Eastman Kodak Co. and Walt Disney Co. said they have signed a 15-year promotional agreement under which Disney has agreed to use Kodak movie film exclusively at its movie studios and exclusively sell Kodak photographic products at its theme parks in return for an undisclosed "multimillion-dollar" amount.
ENTERTAINMENT
August 13, 1989
As a 20-year-old concertgoer, when I see "Budweiser" plastered all over a venue, it isn't going to entice me to drink: It's just a name, as is Kodak or Pepsi. G. A. PAUL Riverside
BUSINESS
December 7, 1986
Congratulations are in order for Kodak as a result of its withdrawal from South Africa. On the surface, Kodak, General Motors, IBM, Barclay's and others have demonstrated a visible commitment to the lofty egalitarian principle that "all men are created equal." But cut through the rhetoric and the ever-present adherence to preserving a positive bottom line can be seen. Saying "no" to Botha, is simply good business. Regardless of their base motivations, the companies that have pulled out of South Africa should be applauded for their efforts.
BUSINESS
January 14, 1998 | Bloomberg News
Live Picture Inc., the Internet company whose chairman is former Apple Computer Inc. President John Sculley, said it has raised $22.2 million from Eastman Kodak Co. and several other companies. The closely held Internet imaging company will use the cash infusion to expand its sales and marketing mainly in the U.S. and Japan, President Kathleen Mitchell said. The funding comes as traditional imaging companies such as Kodak are trying to move into the market for digital imaging on the Internet.
BUSINESS
September 29, 2012 | By Tiffany Hsu, Los Angeles Times
The slow decline of Eastman Kodak Co. continues, with the bankrupt company saying it will phase out sales of consumer inkjet printers and cut 200 more jobs than previously expected. The Rochester, N.Y., company has already nixed its digital camera business. Last month, it said it would sell the businesses responsible for scanners, film, souvenir photos and more, noting Friday that there has been "significant interest among potential buyers. " Its Kodak Gallery photo-sharing site was sold to Shutterfly, only to be shut down.
BUSINESS
September 10, 2012 | By Tiffany Hsu
Bankrupt Eastman Kodak Co., the onetime blue chip wunderkind, will shed an additional 1,000 jobs by the end of the year as it ditches chunks of its business. Already this year, the Rochester, N.Y., company has cut 2,700 positions. The newest swipe of the axe will help Kodak save $330 million, it said Monday. “Kodak is becoming a more focused and competitively scaled company,” said Chief Executive Antonio M. Perez in a statement. “We recognize that we must significantly and expeditiously reduce our current cost structure, which is designed for a much larger, more diversified set of businesses.” Last month, the company said it is selling its personalized imaging and document imaging businesses , which include “traditional photographic paper and still camera film products” as well as 105,000 photo-printing kiosks, souvenir event photos and the document-scanning branch.
BUSINESS
August 24, 2012 | By Tiffany Hsu
Eastman Kodak - once one of the world's best-known brands, now bankrupt and struggling to compete - is putting its film divisions up for sale. Remember those little rolls in the yellow canisters? Those photo machines at Six Flags laden with evidence of your roller coaster-induced screams? Kodak doesn't want them anymore . The Rochester, N.Y.-based company is offering its personalized imaging and document imaging businesses, which include “traditional photographic paper and still camera film products” as well as 105,000 photo-printing kiosks and the document-scanning branch.
NEWS
July 30, 2012 | By Mary Forgione, Los Angeles Times Daily Travel & Deal blogger
Long before Instagram and Twitpics, there were Kodak Coloramas -- 60-foot wide, 18-foot high transparencies that greeted visitors and commuters at Grand Central Station in New York City from 1950 to 1990. Deemed the largest pictures of their day, the images were clever Kodak ads that emphasized an idealized post-war American life, one that required a camera to capture family photos, leisure time and vacation travel. Now, they're back -- and in the same venue. Thirty-six photographs from the original collection are being shown at the New York Transit Museum Gallery Annex at Grand Central through Nov. 1. The photos are smaller than the originals, but large enough to convey the visual impact the enormous images would have had. (See a sampling in this photo gallery .)
SPORTS
July 28, 2012 | By Mark Medina
On the best days, here's how Kobe Bryant and Pau Gasol interact. They high-five each other. They rub each other's heads. They express appreciation for their complementary styles. On the worst days, here's how Bryant and Gasol interact. Bryant questions Gasol's aggressiveness. Gasol laments Bryant's high-volume shooting coming at the expense of crisp ball movement. In their Game 5 loss to Oklahoma City in the Western Conference semifinals, they even argued. But never had the two interacted this way. Bryant and Gasol posed in a photo Friday night moments before the opening ceremony of the 2012 London Olympics wearing their unique garb.
BUSINESS
July 5, 2012 | By Michelle Maltais, Los Angeles Times
If you're one of the nearly 70 million people who subscribed to the Kodak Gallery photo-sharing site, here's some bad news: it has officially closed. But no worries. Those cherished sets of family photos you uploaded to the site are safe, and you will be able to get them — eventually. Your photos are among the 5 billion snapshots making the journey to the Shutterfly site starting this week from the Kodak site, which was permanently closed Monday. The big question is when do you get to see them again.
BUSINESS
December 4, 2011 | Michael Hiltzik
Like the passing of distinguished individuals, the passing of great corporations should prompt us to ponder the transience of earthly glory. So let's pay our respects to Eastman Kodak, which at this writing appears to be a shutter-click from extinction. Once ranked among the bluest of blue chips, Kodak shares sell today at close to $1. Kodak's chairman has been denying that the company is contemplating a bankruptcy filing with such vehemence that many believe Chapter 11 must lurk just around the corner.
BUSINESS
August 22, 2003 | From Associated Press
Grappling with the rapid rise of digital photography, Eastman Kodak Co. unveiled another reorganization aimed at cutting costs and accelerating growth in both consumer and commercial imaging. Kodak hired Hewlett-Packard Co. veteran James Langley to run commercial printing operations. Bernard Masson, president of the Kodak Display Group, will head a new division that will oversee digital and applied imaging, entertainment imaging and consumer and professional imaging.
BUSINESS
July 5, 2012 | By Michelle Maltais
If you tried to get your photos on the Kodak Gallery site recently, you may have noticed that the doors are locked and the lights are out there. Some of our readers have asked about how to find their photos, now that they're moving to Shutterfly. Essentially, if you had an account on Kodak Gallery, your photos are in transit. Members who used the service most will get priority in the move, with their photos landing in the next few weeks. Photos of members who used the service less will take a few months to move, Shutterfly said.
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