After struggling for more than a decade, Kodak filed for bankruptcy last January and stopped making digital cameras a month later, despite having invented the technology that created digital cameras in the first place. Now the company is eyeing a comeback through the licensing of its brand.
“Kodak remains a strong and trustworthy brand in the consumer space, and this agreement reinforces how valuable our brand is,” said Laura Quatela, president, Kodak and Personalized Imaging. “When we announced our plan to exit the digital camera business last year, we said we would explore licensing opportunities for the brand in this category.”
In a multi-year deal, JK Imaging now plans to return Kodak digital cameras to the market, alongside pocket video cameras and portable projectors. The first products in the new line will be available next quarter.
Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes, it’s completely free.