Good news to all film fans!
A year and eight months after it shocked the world when it filed for bankruptcy protection, film and photography giant Eastman Kodak has announced last week that it has now emerged from its Chapter 11 business reorganization.
In a press release issued by the company on Sept. 3, Kodak’s Chairman and CEO Antonio M. Perez declared that Kodak has now “emerged as a technology company focused on imaging for business markets – including packaging, functional printing, graphic communications and professional services.”
CEO Perez also said that a “revitalized” Kodak has now become a “formidable competitor” upon completion of their Chapter 11 restructuring.
In a separate statement released the same day, Kodak Entertainment and Commercial Films President Andrew Evenski also announced that Kodak’s motion picture most certainly “will continue to be part of the company’s future.”
According to the President, “We are manufacturing film, we’ve inked contracts with six studios, labs around the world are dedicated to quality service, and, most importantly, filmmakers are choosing film.”
To solidify this claim, Evenski shared a list of productions to be shot on film, such as director Wally Pfister’s “Transendence” and Marc Webb’s “The Amazing Spider-Man 2,” just to name a couple. Kodak’s Productions stated on the list include not only movies but also TV shows.
Meanwhile, Evenski puts all worries to rest as he assured all film patrons that Kodak’s motion picture division is a “stable and profitable” section of the company.