Kodak officials say the latest earnings report shows the company is making progress. But as it released the fourth quarter and full year numbers on Tuesday Kodak also  announced it is selling one of its businesses.

The company did show a net profit of $24 million in the fourth quarter, compared to a loss a year ago.  Revenues of $467 million for the quarter were down 12 percent compared to last year, partly due to currency fluctuations and also because of the expected decline in its older consumer inkjet business.

Kodak Alaris, the company that was spun off from Kodak a couple of years ago, is out with a new photo sharing app.  It's called "Kodak Moments" and the idea is to provide a more personalized way that you can tell stories around the photos that you want to share.


Kodak officials say they are hearing a lot of buzz at this week's Consumer Electronics Show in Las Vegas about their announcement they will be bringing back the Super 8 Camera.  That's a film camera that was put into production 50 years ago, and hasn't been made since the early 1980s.

But the film is still made at the Eastman Business Park, and the company figures demand for it will increase with this new camera that has some of the features of the original, but also incorporates digital capabilities.

Kodak is going back to its film legacy to develop a new product.  It is reviving the famous Super 8 camera and film, which the company says is an initiative aimed at putting the Super 8 movie cameras into the hands of a new generation of filmmakers, as well as meeting the needs of top directors.

The product is being introduced at this week’s Consumer Electronics Show in Las Vegas, with a prototype of a new Kodak Super 8 camera that combines the classic features of that camera along with some digital features.

The blockbuster Star Wars movie out this week will benefit a lot of companies and individuals associated with it, including an iconic Rochester brand.

The Force is also with Kodak with this week’s mega-premier of the latest in this blockbuster franchise, Star Wars: The Force Awakens.  That’s because it was shot on traditional Kodak film.

That’s a departure from some of the more recent Star Wars movies, according to Andy Evenski, who is Kodak’s President  and general manager of entertainment and commercial film.

A ceremonial launch of construction Tuesday morning at one the four former Kodak buildings that will become MCC's new downtown campus.

Speakers shared praise for those who battled to place the college at Kodak, and expressed anticipation for future MCC students who will use the place.

"We all believe in downtown. And most importantly, we all believe in the potential of the students who will enter these doors beginning in the fall of 2017, said Monroe County Executive Maggie Brooks."

WATCH: Michelle & Matt talk Xerox and Kodak

Nov 10, 2014

Michelle Faust, filling in for Beth Adams, chats with D&C Business Reporter Matt Daneman about news on Xerox and Kodak.

Kodak's Emergence Plan Approved

Aug 20, 2013

The U.S. Bankruptcy Court has approved Kodak’s plan to exit bankruptcy, clearing the way for the company to emerge as a much smaller commercial printing business.

The emergence plan represents the last great hurdle for Kodak in its bid to exit bankruptcy.

Judge Allan Gropper approved the plan Tuesday and the company is hoping to put it into effect as early as September 3rd.

In a statement released by Kodak, the company quotes the court as saying:

Eastman Kodak Company

Kodak has submitted a revised proposal of their plan to deal with legacy environmental issues at Eastman Business Park. The new plan would see New York state and its taxpayers contribute at least an extra $50 million in backup funding.

The original plan saw Kodak providing a $49 million fund for future costs stemming from environmental contamination in the Business Park and parts of the Genesee River.

Beyond that, the company could not be held liable for future environmental problems according to the settlement plan.

EPA Files Formal Objection to Kodak Environmental Plan

Jul 17, 2013
Eastman Business Park

The U.S. Environmental Protection Agency (EPA) has filed a formal objection to Kodak’s proposed environmental liability plan for the Eastman Business Park (EBP).

Under the plan proposed in the U.S Bankruptcy Court last month, Kodak would no longer be liable for environmental damage and contamination at the site caused by past operations.

Instead, liability would be assumed by a $49 million trust endowed by the company.