Connect with us

Hi, what are you looking for?

Financial Source ReportFinancial Source Report

Tech News

Kodak pauses film production for factory upgrades to help meet demand

Rochester New York, Kodak Films world headquarters downtown
Photo by: Education Images/Universal Images Group via Getty Images

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?…

Continue reading…

You May Also Like

Editor's Pick

In this StockCharts TV video, Mary Ellen reviews the broad-based rally that pushed the Equal-Weighted SPX to new highs. She also shared base breakouts and...

Tech News

Illustration by Alex Castro / The Verge The young streamer behind a viral meme coin called Quant was doxxed by the crypto community after...

Editor's Pick

Clark Packard In anticipation of the Thanksgiving holiday this week, the Cato Institute published a new essay from Philip G. Hoxie entitled “Globalization Helps...

Editor's Pick

Eric Gomez and Benjamin Faber In October 2024, Congress received notification of two new arms sales for Taiwan, and the Ministry of National Defense...

Copyright © 2023 FinancialSourceReport.com All Rights Reserved.