Kodak has finalized a deal with the major Hollywood studios that will allow film to remain alive in certain instances, at least for the near future. This marks the completion of the deal that Kodak said was near-final last summer, when negotiations began.
Disney, Fox, Paramount, Sony, NBC Universal and Warner Bros. have all reached agreements with Kodak to purchase undisclosed amounts of film over a certain number of years that would be enough to keep Kodak’s film manufacturing going for the time being.
Christopher Nolan Interstellar, Batman Movies) has been on a crusade to save film. J.J. Abrams Star Wars: Episode VII on celluloid. Other passionate film supporters in the use of filme are Quentin Tarantino and Judd Apatow.
The rise in use of digital imaging and motion technologies, Kodak’s film sales have plummeted by 96 percent over the last decade. Plus in the last two years as most theaters have converted to digital projection.
The Kodak is the last remaining maker of motion picture film. While Fotokem is the last remaining lab in Hollywood area to process motion picture film.
