Kodak may be experiencing a lot of troubles for so long but the photography and camera legend has high hopes for a new life. Why, a New York Court recently approved Kodak’s redevelopment plan. This means Kodak could be out of bankruptcy next month.
You may remember that Kodak halted camera production last year, sold off patents, and planned to sell the film business. Kodak wanted to focus on printers and looks like it will stay that way by offering professional printing solutions.
The advent of digital photography is to blame for Kodak’s fall but it’s good to hear the company isn’t giving up. We hope its redevelopment plan will be a success.