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They did do more than just chemicals for film, but then decided to spin off the business so that they could focus on the film business: https://en.wikipedia.or
by ryao 1y ago
They did do more than just chemicals for film, but then decided to spin off the business so that they could focus on the film business:
https://en.wikipedia.org/wiki/Eastman_Chemical_Company https://en.wikipedia.org/wiki/Eastman_Chemical_Company
One really must admire their determination to throw all of the life boats overboard to go down with the film ship. Every time they have a chance to save themselves if they move away from a single minded focus on film, they discard the opportunity. They just needed to mimic Nikon and Canon to stay in business, but refused to do even that.
The only way I see Kodak having a happy ending would be if Eastman Chemical purchases their former parent company to put it under sane management.
- actionfromafar 1y agoThat's way too simplified. There's no "just" mimic Nikon and Canon and every other company which tried that died or pivoted away from the try.
- vkou 1y agoSurvivorship bias. There's no shortage of dead companies who did try to pivot, and, as it turns out, it's harder to become successful in a new field than just saying 'We're trying something new, boys!'
- LudwigNagasena 1y agoIt makes sense to spin off a successful subsidiary into a separate company and bankrupt the unsuccessful parent company. ECC net income is four times Nikon's and one third of Canon's, so it fits right in the middle. Seems like a happy end for Kodak stockholders beyond the sentimental value of continuity of brand.