The Story of Kodak's Bankruptcy in 2013

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By:

Team of Hukumindo

Previously, the www.hukumindo.com platform has talk about "Case of Blocking US Immigration Officials From Arresting Individuals", "Del Monte Files for US Bankruptcy", you may read also "Bolivia is Struggling With a Risk of Defaulting On Its Foreign Debts" and on this occasion we will discuss about 'The Story of Kodak's Bankruptcy in 2013'.

Kodak is one of the world's most recognized camera manufacturers. This happened after George Eastman, Kodak's founder, invented the modern camera in 1888, which became a milestone in the history of modern photography. The Kodak company became a legend until its rise to fame was halted in 2013 due to bankruptcy.[1]

Eastman is widely known for his success in creating dry plates for photography, eliminating the hassle of carrying chemicals. This dry plate was later patented, leading the bank employee to enter the photography business under the banner of the Eastman Dry Plate Company in 1881. Seven years later, he and William Hall Walker created the modern analog camera called the Kodak. Thanks to Kodak, people no longer had to carry bulky photography equipment; they simply needed a handheld camera.[2]

Unfortunately, Kodak, known for its ingenuity, went bankrupt in 2013. The reason was a failure to innovate, particularly regarding the invention of the digital camera, which has become commonplace today. The next two to three decades saw the world of photography move rapidly. The underrated digital camera emerged, outperforming its analog counterpart. By this point, Kodak had lost ground, as digital cameras had already been invented by other manufacturers. Efforts to innovate had failed. Consequently, this situation exacerbated Kodak's financial difficulties. Ultimately, the legendary company went bankrupt in 2013.[3] And if you have any legal issue in Indonesia territory, contact us for business inquiry, feel free in 24 hour, we will be glad to assist you. 

*) For further information please contact:

Mahmud Kusuma Advocate

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References:

1. "Kisah Kodak Bangkrut Gara-Gara Remehkan Inovasi Karyawan", www.cnbcindonesia.com.,28 July 2024, Diakses pada tanggal 14 Juli 2025, Link: https://www.cnbcindonesia.com/tech/20240728092838-37-558184/kisah-kodak-bangkrut-gara-gara-remehkan-inovasi-karyawan

2. Ibid.

3. Ibid.