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Kodak won’t be making any new film this November.
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.
@platinumarks mentioned this call on Reddit on the same day it was published (reddit.com/r/AnalogCommuni…). It has since been picked up by Kosmo Foto (kosmofoto.com/2024/11/east…) and @metalfingersfilm (youtube.com/watch?v=NSs8JT…)
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.
YouTube Video