Key events in the history of Eastman Kodak Co.

Published on NewsOK Modified: September 3, 2013 at 3:12 pm •  Published: September 3, 2013
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Kodak emerged from bankruptcy protection on Tuesday as a new company focused on commercial printing technologies.

Here are key events in the recent history of Eastman Kodak Co.:

July 20, 2011 — Kodak begins shopping around its 1,100 digital-imaging patents.

Sept. 27 — Moody's Investors Services downgrades all of its debt ratings for Kodak, citing ongoing weakness in the company's core business operations and the likelihood that flagging demand will hamper results indefinitely.

Oct. 3 — Kodak confirms it has hired Jones Day, a law firm that lists bankruptcies and restructuring among its specialties.

Oct. 16 — Kodak says Imax is licensing thousands of patents covering laser projection technology, giving Kodak millions of dollars in revenue.

Dec. 22 — Kodak says it has agreed to sell its gelatin business as it looks to boost its dwindling cash reserves. The product is used in photographic and printing processes as well as in food and pharmaceuticals.

Jan. 10, 2012 — Kodak announces plans to realign and simplify its business to cut costs, accelerate its digital transformation and boost its share price. The new structure has two business units instead of three.

Jan. 19 — Kodak files for Chapter 11 bankruptcy protection as it seeks to boost its cash position and stay in business.

Feb. 9 — Kodak says it will stop making digital cameras, pocket video cameras and digital picture frames.

Feb. 15 — Kodak receives court approval to end its sponsorship deal with the Hollywood theater that is the venue for the Academy Awards. Kodak had signed a $74 million deal for naming rights to the theater in 2000. During the Feb. 26 Oscars ceremony, host Billy Crystal jokingly refers to the venue as "the beautiful Chapter 11 Theater."

March 1 — Kodak says it plans to sell its online photo service business to Shutterfly Inc. for $23.8 million.

May 1 — Audio technology company Dolby Laboratories Inc. gets naming rights to the Oscars venue after Kodak ends a deal early. Bankruptcy judge issues order approving sale of online photo business to Shutterfly.

July 2 — Kodak shuts down Kodak Gallery. North American accounts go to Shutterfly. Judge rules that Kodak can proceed with auctioning some 1,100 digital imaging patents, about 10 percent of the company's portfolio.



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