Kodak Issues Survival Warning After 133 Years – Sony Should Step In to Buy Its Legendary Film Styles

Photography icon Eastman Kodak has issued a stark warning about its future, saying it may not be able to continue operations much longer. In its latest earnings filing, the 133-year-old company acknowledged it lacks the financing and liquidity to meet nearly $500 million in upcoming debt obligations.

To cut costs, Kodak will suspend payments to its retirement pension plan, a move that underscores the severity of its financial troubles. The market reacted sharply, with shares plunging around 25–26% after the announcement.

Despite the grim outlook, Kodak maintains cautious optimism. The company says it plans to pay off part of its debt early or seek refinancing, while continuing to diversify into pharmaceutical and chemical manufacturing.

Kodak’s struggles highlight a lost opportunity in the digital era. Seeing Fujifilm’s massive success with its built-in film simulations, it’s hard not to imagine a different path for Kodak. One intriguing possibility: Sony could license Kodak’s legendary film names and styles—Portra, Ektachrome, Tri-X—and bring them as built-in Kodak film profiles to its Alpha cameras. This move could give Sony a creative edge while keeping Kodak’s heritage alive in a modern, digital form.

What do you think about that?