Posts Tagged ‘bankruptcy’

Sipa Wins Reprieve to Find New Owner

Posted by on Friday December 7, 2012 | Business, Photojournalism

A French court has decided to put Sipa Press under bankruptcy protection while the photo agency searches for a new owner, according to a report today in Le Journal de la Photographie. Sipa Press, which was founded in 1973 and has been the French distributor for AP, Rex Features and other international agencies, faced the... More

Sipa Press Files for Bankruptcy

Posted by on Tuesday November 27, 2012 | Business, Photojournalism

News photo agency Sipa Press has filed for bankruptcy in Paris, following the bankruptcy of its parent company in Germany in October. The fate of the photo agency–including the possibility of liquidation–will be decided by a French court on December 6, according to Le Journal de la Photographie. Sipa, which was founded in 1973 and... More

Kodak to Sell Off Film and Photo Paper Business (Update)

Posted by on Thursday August 23, 2012 | Business

Eastman Kodak plans to sell off  its film and photographic paper businesses in an effort to emerge from bankruptcy, the Wall Street Journal reports. In an announcement on Thursday, Kodak chief executive officer Antonio Perez said the company is seeking buyers for its film and photo paper business and its digital image processing kiosks and... More

Kodak Ceases Camera Production Amid Bankruptcy

Posted by on Thursday February 9, 2012 | Business

In a statement posted on the Kodak Web Site under the title “Update on Kodak’s Transformation,” the company announced that it will cease producing digital cameras, pocket video cameras and digital picture frames “to focus its Consumer Business on desktop inkjet, online and retail-based printing—areas that offer the most significant opportunities for profitable growth. Kodak... More

Kodak Files for Bankruptcy Protection

Posted by on Thursday January 19, 2012 | Business

After months of speculation, film company Eastman Kodak Co. filed for Chapter 11 bankruptcy protection today. In its filing in US Bankruptcy Court in the Southern District of New York, the company reported that it has $6.8 billion in debt and $5.1 billion in assets. Kodak has struggled for years as photography moved from film... More