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Kodak sells online business to Shutterfly

Written by Andre Yoskowitz (Google+) @ 04 Mar 2012 16:31 User comments (2)

Kodak sells online business to Shutterfly Eastman Kodak, the bankrupt photography pioneer, has sold their online photo services to Shutterfly.
The final price on the deal was $23.8 million and should be the first round of asset sales for the company as it tries to emerge from bankruptcy as a leaner, profitable company.

In their bankruptcy proceedings, the company has already announced they will quit the digital camera market and sell their potent patent portfolio, which should fetch over $1 billion.

Shutterfly says it will transfer all current Kodak Gallery customer accounts and images over to Shutterfly. Users can opt out if they do not want to be transferred over, however.

Kodak Gallery has 75 million users and is a service exactly like Shutterfly allowing customers to upload and share images or get them printed in books, cards, mugs, etc.

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2 user comments

14.3.2012 16:52

Sad to see Kodak like this.. They invent the digital camera which had huge potential and didn't capitalize on it. Lack of vision if you ask me.

27.3.2012 15:00

Originally posted by jrp696:
Sad to see Kodak like this.. They invent the digital camera which had huge potential and didn't capitalize on it. Lack of vision if you ask me.
Or anyone else. No one would disagree that Kodak's refusal to innovate alongside society was their doom. Still, it's a shame to see them pretty much dead in the water.

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