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 / b.c.begley Subscribe To My Patreon / bcbegley Watch Me On YouTube / @b.c.begley6007 Follow Me On Twitter / bc_news1 Watch Me On Rumble Follow Me On Gab Follow Me On Truth Social Follow Me On BlueSky Watch Me On TikTok / bcbegley #KodakCrisis #BusinessNews #CorporateBankruptcy #shorts