Boxes of Kodak films are pictured in Beijing, China, 19 January 2012. Eastman Kodak Co filed for bankruptcy protection on Thursday (19 January 2012)
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Contributor:
Imaginechina Limited / Alamy Stock PhotoImage ID:
W95XMTFile size:
28.7 MB (685.2 KB Compressed download)Releases:
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3872 x 2592 px | 32.8 x 21.9 cm | 12.9 x 8.6 inches | 300dpiDate taken:
19 January 2012Photographer:
ImaginechinaMore information:
Boxes of Kodak films are pictured in Beijing, China, 19 January 2012. Eastman Kodak Co filed for bankruptcy protection on Thursday (19 January 2012) in a bid to survive a liquidity crisis after years of falling sales related to the decline of its namesake film business. The once-iconic photographic film pioneer, which had tried to restructure to become a seller of consumer products like cameras, said it had also obtained a $950 million, 18-month credit facility from Citigroup to keep it going. Kodak said that it and its U.S. subsidiaries had filed for Chapter 11 business reorganization in the U.S. Bankruptcy Court for the Southern District of New York. Non-U.S. subsidiaries were not covered by the filing, it added.