What have you done Kodak, what have you done? Earlier this month, the stalwart film company got into bed with the oh-so-tempting blockchain brigade, and its stock price dutifully shot up. With one day to go before its initial coin offering was scheduled, more details have emerged about this unholy marriage, and it's easy to believe that the reincarnated Kodak isn't long for this world.
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Yesterday, camera manufacturer Kodak - whose stock was previously hovering around $4 a share - announced that it was forming its own cryptocurrency, an ambiguously blockchain-based project called "KodakCoin." As has happened with a number of smaller stocks, Kodak's stock immediately skyrocketed as soon as the words "blockchain" left its lips.
In the past few months, a number of companies have whispered the word "blockchain" and seen their stock prices explode, including a Hooters franchise owner, an iced tea company, and a biotech firm whose CEO promptly sold off around $1.1 million in stock. So hey look! Camera manufacturer Kodak is now crypto!
Last year, one of the coolest things we saw at CES was a mock-up of Kodak's digital Super 8 camera that recorded to actual Super 8 film. We were supposed to get more details in autumn, and the camera was supposed to come out in spring. And then spring came and went and we heard nothing.
With the mass release of VR devices imminent (you can now pre-order your own Oculus), everyone's hopping on the 360-degree video boat. Kodak, accordingly, is hustling to get its offerings up to spec with a 4k update to its SP360 Action Cam. For $US500 ($712), it's pretty good, too.
Screw 360-degree film cameras on drones or Vines on 16-megapixel smartphones. Kodak's going old school with these little beauties. The design is inspired by the Super 8 fad from half a century ago, and these new cameras that shoot film on, well, actual film.
Making a photograph today is a matter of pressing a button and letting a bunch of electronics do their thing. Before that we had film, and before film we had even more cumbersome processes. Did you know that making photographs once involved materials like egg-whites, asphalt and platinum? Watch these videos to hear and see how the magic of photography came to be.
Rochester, New York, is the city where George Eastman founded the company responsible for making photography an everyday part of American life. Although Kodak is still a household name, the digital age has gutted what was once a thriving industry. Traces of the film giant can be seen echoing throughout Rochester in the photography of Catherine Leutenegger.
Kodak may be "a walking corpse of a company" according to some, but 120 years ago it was the first to offer consumers a chance to try out -- and even own -- a camera. Introduced in 1888, the Kodak No. 1 was the first camera marketed to average consumers.
These days there's a mountain of extra data saved every time you snap a digital photo. So figuring out where and when a shot was taken requires minimal detective work. Back in the days of film it wasn't so easy, so Kodak built a camera in 1914 called the Autographic that let photographers sign and denote their shots for easy reference later on. Basically, it was the world's first camera with EXIF data.
Kodak may be going under, but apparently they could have started their own nuclear war if they wanted, just six years ago. Down in a basement in Rochester, NY, they had a nuclear reactor loaded with 3.5 pounds of enriched uranium -- the same kind they use in atomic warheads.
After being purchased by the photo-hosting site Shutterfly for $US23.8m last month, one-time giant Kodak will take its Kodak Gallery offline for good, July 2. Users of the image-hosting service were notified today by email, along with a request to please notify Kodak no later than May 28 if they wish to have their photos migrated over to Shutterfly's servers.
Apple has been pursuing a patent lawsuit against Kodak over the rights to its LCD screen previews used in its digital cameras, printers and digital picture frames. But with Kodak in Chapter 11, U.S. Bankruptcy Judge Allen Gropper has ordered Apple to back off, putting current lawsuits on hold and blocking any further legal action until Kodak has sorted out its financial issues..