Kodak Shutters Digital Camera Business In Favor Of Licensing, Photo Printing

Consider today the end of an era for one of the most iconic brands in the imaging industry. While their bankruptcy protection filing from last month signaled the need for some drastic action, it?s still a bit of a shock to see Kodak announce that they are putting all of their digital cameras, camcorders, and picture frames out to pasture. When all is said and done, Kodak expects annual operating savings of around $100 million, but the bigger loss is going to be that of a cultural icon. Kodak will still exist, sure, but primarily as a purveyor of desktop printers as well as online and retail photo printing services.

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