Kodak Retires Kodachrome Color Film

June 22, 2009

(ChattahBox) — ” So momma, don’t take my Kodachrome away.”  Sorry Paul Simon, Eastman Kodak Co. announced Monday it’s retiring its most senior film ( 74-year-old ) because of declining sales and also because most labs stopped processing it. Kodachrome, because of a unique formula, was made only about once a year.

Revenue from Kodachrome represents “a fraction of one percent” of Kodak’s total sales of still-picture films, the company said today in a statement. Kodachrome became the world’s first commercially successful color film in 1935. The The Rochester, New York-based company, lost $4.53 billion in market value in 2008 as digital technology has become dominant.  Kodak now gets about 70 percent of its revenue from its digital business, but plans to stay in the film business “as far into the future as possible,”  said Mary Jane Hellyar, the outgoing president of Kodak’s Film, Photofinishing and Entertainment Group.


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One Response to “Kodak Retires Kodachrome Color Film”

  1. Kodak Retires Kodachrome Color Film Adding Info on June 22nd, 2009 2:00 pm

    […] stopped processing it. Kodachrome, because of a unique formula, was made only about once … Read Full Post: Kodak Retires Kodachrome Color Film Adding Related Info:Sorry, Paul Simon, Kodak’s taking your Kodachrome away, retiring the … – […]

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