25 Aug 2012

Kodak to exit film and paper divisions

7:18 am on 25 August 2012

Kodak says it may sell its still-camera film and photo paper divisions.

The photograthy company has already stopped making digital cameras as part of efforts to reduce its losses since filing for bankruptcy protection in January.

It has also been trying to raise funds by selling off more than 1100 digital imaging patents.

The company recently reported a net loss of $US665 million for the first six months of the year.

In its latest announcement, Kodak said it had hired Lazard, an investment bank, to help it sell its personalised imaging and document imaging businesses.

The BBC reports this would mean an end to the company making films for still cameras, photo papers, souvenir photo products at theme parks, scanners and picture print-out kiosks at stores.

It would leave the business focused on printers, cinema film stock and chemicals.