Sadly, according to the Wall Street Journal, Kodak are going to declare bankruptcy. Founded in 1892, the company have played a huge part in the development of photography, introducing both colour 35mm film and the megapixel sensor. The only option for the company now is to sell a portion of their digital patents, if not, bankruptcy proceedings are expected to happen within the month.
Analysts have said the patents could fetch $2 billion to $3 billion, but no takers have emerged since Kodak started shopping them around in July
Could this be the end for Kodak?