Maybe film does have a fighting chance in this digital era?
… Read the rest
Eastman Kodak Co., one of the world’s most recognizable film suppliers, is finalizing agreements with industry leaders to keep celluloid in the future of film.
“After extensive discussions with filmmakers, leading studios and others who recognize the unique artistic and archival qualities of film, we intend to continue production,” Kodak Chief Executive Jeff Clarke said in a statement Wednesday. “Kodak thanks these industry leaders for their support and ingenuity in finding a way to extend the life of film.”
Kodak’s sales of motion picture film have declined 96% in the last 10 years because of a widespread conversion to digital displays of movies worldwide, according to data provided by the company.
The company is one of the last film suppliers of significant size left. In 2011, there were 260 motion picture processing labs operating worldwide, according to Kodak data.