Kodak pauses film production for factory upgrades to help meet demand [Verge, The]
Eastman Kodak Company Common New (KODK)
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Source: Verge, The
Share this story Eastman Kodak has temporarily paused all film production. The news comes as part of a shutdown in November allowing the company to upgrade and modernize its Rochester, New York factory, according to a report by Kosmo Foto . The decision was announced by Kodak CEO Jim Continenza during the company's Q3 2024 quarterly earnings call on November 13th. The improvements will help Kodak keep up with an increased demand for film. “Our film sales have increased on motion picture and in still film and other films. So on film, we're doing a shutdown in November, total shutdown,” Continenza said during the earnings call. “We've continued to invest in our manufacturing process, while we need to shut down completely to bring light into the dark, right? Film is made in the dark.” The factory improvements aren't expected to affect the availability of Kodak film as the company increased production in the months leading up to the shutdown, according to Kosmo Foto . “In November,
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KODK
Sec Filings
- 12/2/24 - Form 4
- 11/25/24 - Form 8-K
- 11/12/24 - Form 8-K
- KODK's page on the SEC website