thisistheverge:

Kodak files for Chapter 11 bankruptcy | The Verge

Patent lawsuits won’t save Kodak from an overhaul, it seems: as predicted, the photography company just announced that it’s filed for bankruptcy. Kodak says it’s voluntarily filed for Chapter 11 reorganization in New York, in order to “bolster liquidity in the U.S. and abroad, monetize non-strategic intellectual property, fairly resolve legacy liabilities, and enable the Company to focus on its most valuable business lines.”

Having recently purchased a Kodak product and seeing how awful the user experience was, this is the opposite of surprising. Still sad though.