Kodak

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Eastman Kodak Company

File:Kodak logo.svg
Company type	Public
Traded as	NYSE: [ KODK]
Industry	Photography, Digital imaging
Founded	September 4, 1888
Founder	George Eastman
Key people	Jim Continenza (Executive Chairman and CEO)
Products	Digital cameras, Printers, Film stock, Photographic paper
Revenue	$1.242 billion (2020)
Operating income	$167 million (2020)
Net income	$-541 million (2020)
Total assets	$1.497 billion (2020)
Total equity	$-1.497 billion (2020)
Number of employees	4,500 (2020)
Website	www.kodak.com

Eastman Kodak Company, commonly known as Kodak, is an American technology company that produces camera-related products with its historic basis on photography. The company is headquartered in Rochester, New York, and is incorporated in New Jersey. Kodak provides packaging, functional printing, graphic communications, and professional services for businesses around the world. Its main business segments are Print Systems, Enterprise Inkjet Systems, Micro 3D Printing and Packaging, Software and Solutions, and Consumer and Film.

History

Kodak was founded by George Eastman and Henry A. Strong on September 4, 1888. The company became known for its pioneering technology in the field of photography, including the development of the Kodak camera, which was the first camera designed to be simple and easy to use for the general public. The company's slogan, "You press the button, we do the rest," became widely recognized.

In the 20th century, Kodak became a dominant player in the photographic film industry. The company introduced the Kodachrome film in 1935, which became one of the most popular films for both amateur and professional photographers. Kodak also played a significant role in the development of digital photography, although it struggled to transition from film to digital technology.

Products and Services

Kodak's product portfolio includes:

• Digital cameras
• Printers
• Film stock
• Photographic paper
• Packaging solutions
• Graphic communications

Innovations

Kodak has been responsible for numerous innovations in the field of photography and imaging. Some of the notable innovations include:

• The invention of the first digital camera by Kodak engineer Steven Sasson in 1975.
• The development of the Kodachrome film, which was known for its rich color and durability.
• The introduction of the Instamatic camera, which simplified the process of loading film.

Financial Challenges

Despite its early success, Kodak faced significant financial challenges in the late 20th and early 21st centuries. The rise of digital photography led to a decline in the demand for photographic film, which was a major source of revenue for the company. Kodak filed for Chapter 11 bankruptcy protection in January 2012 and emerged from bankruptcy in September 2013.

Recent Developments

In recent years, Kodak has focused on diversifying its business and expanding into new markets. The company has invested in areas such as packaging, functional printing, and graphic communications. Kodak has also made efforts to leverage its expertise in imaging technology to develop new products and services.

See Also

• George Eastman
• Kodachrome
• Instamatic
• Digital camera
• Chapter 11 bankruptcy
• Photography

Related Pages

• Photography
• Digital imaging
• Film stock
• Printers
• Graphic communications