Why does this make me feel strangely pessimistic? Will they make the prices go extra up? Thank god for Harman.
But then count that Harman was also purchased by Pemberstone Ventures, which is of a familiar nature.Me too but Harman doesn't make color film which I use.
Me too but Harman doesn't make color film which I use.
Alaris went belly up as worst case scenario, EK could start manufacturing Still film again.
Indeed, just unfortunate wording on my side. I was thinking if in that scenario, something like the chemical rights and distribution could happen. But then it would be an actor like Cinestill picking up marketing and distribution while EK manufactures anyways.EK is already doing all the manufacturing of Still film.
What they don't have, and what Kodak Alaris does have, is the marketing and distribution infrastructure, as well as the rights to that marketing and distribution.
If Alaris goes belly up (i.e. goes bankrupt), those rights would be part of the bankrupt estate, unless there was a provision in the original ~2005 bankruptcy settlement agreement that bankruptcy triggers the vesting of those rights elsewhere.
Eastman Kodak doesn't have anything close to the resources necessary to perform the work that Kodak Alaris currently does - those resources went to Kodak Alaris as part of the ~2005 bankruptcy settlement, leaving EK a tiny fraction of what it was pre-bankruptcy.
The obligations attached to the worldwide marketing and distribution business were sinking Eastman Kodak. With the settlement, Eastman Kodak was released from those, and in addition received 100s of millions of dollars in cash, which resulted in Eastman Kodak coming out of bankruptcy as a far smaller entity with a greatly simplified and streamlined business. Most of its still large international workforce became the responsibility of Kodak Alaris, allowing Eastman Kodak to continue.
Indeed, just unfortunate wording on my side. I was thinking if in that scenario, something like the chemical rights and distribution could happen. But then it would be an actor like Cinestill picking up marketing and distribution while EK manufactures anyways.
I actually found that you wrote a post about the bankruptcy on the other thread which clarifies well this.
Let's see how Kingswood Capital proceeds. As any other internet user, one can read about them https://kingswood-capital.com/about/ and the Team.
They are from LA, I'd like to draw a connection between LA (Hollywood) and Kodak with their imaging legacy; but let's better see if any (non) news appear in the upcoming months.
I would not worry too much about Kodak Moments. My reasoning is that in terms of film production Eastman Kodak is at capacity. Unless Kodak Moments can find and market other brands, they sell as much as Eastman Kodak makes.
What would make anyone really think that avenure capitalprivate equity group would really care about film users or the Kodak pensioners? That kind of orgainziation exists for only one purpose - to make money for themselves, one way or the other. And history has shown that it is often "the other" way.
I wonder what would they do with Alaris to make money.
I wonder what would they do with Alaris to make money.
Keep what works and ditch everything else they don't think has a future.
If you read Kodak Alaris financial reports, Film segment has been the driver behind revenue and profit growth for many years now, so it would seem that continuing with getting cheap film from Eastman Kodak and selling it at high price to end users should be a pretty safe bet.
Pemberstone seems to have done well with their acquisition of Harman/Ilford.
A US venture capital is bound to be more "nimble" than either the UK Pension Fund Protection entity, or for that matter, Eastman Kodak before the bankruptcy.
Of course a venture captial group doesn't care about anything except money. I wonder what would they do with Alaris to make money.
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