133-year old Kodak says it might have to cease operations

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Eastman Kodak warned it may not survive, citing a lack of committed financing or liquidity to cover about $500 million in upcoming debt. The 133-year-old photography company plans to cut pension payments and sell assets to raise cash. Shares fell over 7% after the announcement. Once dominant in film and cameras, Kodak’s failure to adapt to digital photography led to a 2012 bankruptcy, CNN has reported. It has since pivoted to making films, chemicals, and licensing its brand, with recent efforts to expand into pharmaceutical ingredients. read more: 👍 Like this video to raise awareness about Kodak’s financial struggles and the challenges of adapting in a changing market. 💬 Comment below—do you think Kodak can reinvent itself again, or is this the final chapter for the iconic brand? 🔗 Share this video to keep others informed about major developments in the business world. 💰 Want to support the channel? You can donate directly by hitting the YouTube Thanks button. Your support helps us keep providing updates. 👉 Don’t forget to subscribe for more business and economic news. Thanks for watching and supporting the channel. Links for B.C. Visit My Website Follow Me On Facebook Subscribe To My Patreon Watch Me On YouTube Follow Me On Twitter Watch Me On Rumble Follow Me On Gab Follow Me On Truth Social Follow Me On BlueSky Watch Me On TikTok #KodakCrisis #BusinessNews #CorporateBankruptcy