Kodachrome Film to be Discontinued
Kodachrome Film will be discontinued by parent company Eastman Kodak. Kodachrome has been around since 1935, and is the first successful color film (there's a Paul Simon song about it, too). Existing supplies of Kodachrome film are expected to last until this fall, with the very last rolls produced to be donated to George Eastman House, a photography museum in Rochester, NY.
Kodak's film revenues are shrinking, and Kodachrome was less than 1% of that revenue as the photo giant continues to diversify.
That 31% drop from a year earlier highlights the woes the company has been undergoing. The company thought that when it completed a wrenching multiyear transition to having a digital focus at the end of 2007 that its restructuring was behind it. But a continued sales slump has resulted in more retrenchment -- Kodak in January announced plans to cut another 3,500 to 4,500 jobs, as much as 18% of its work force, this year.