Kodak Files for Reorganizational Bankruptcy

“Chapter 11 gives us the best opportunities to maximize the value in two critical parts of our technology portfolio: our digital capture patents, which are essential for a wide range of mobile and other consumer electronic devices that capture digital images and have generated over $3 billion of licensing revenues since 2003; and our breakthrough printing and deposition technologies, which give Kodak a competitive advantage in our growing digital businesses.”

Kodak has taken this step after preliminary discussions with key constituencies and expects to complete its U.S.-based restructuring during 2013.

Related Content