Polaroid Bankruptcy??? what effect on film supply?

Discussion in 'Large Format' started by dan_smith, Jul 11, 2001.

  1. With the Wall Street Journal reporing Polaroid is considering Bankruptcy, citing about 2 Billion in debt, what effect will this have on the availability of Polaroid film?
     
  2. I guess it all depends wether it is a reorganization or a flat out
    cessation of business. With a 2 billion dollar debt I suspect the
    creditors are not going to let it go under and will facilitate terms,
    so the outlook for the near future should not be too bad,but I would
    not be buying any new polaroid equipment if I were you! or stock for
    that matter...:)))
     
  3. There is debt andthere is debt. What Polaroid faces immediately
    is a note that is due either Friday or next week for $300,000,000.
    ifthey defaultthey are in serious trouble. Bankruptcy will probably
    be there way out of the immediate mess and give them
    breathing room to reorganize.<P>My info comes from last
    Sunday's NYT.
     
  4. I'm probably going to get in trouble for this answer.

    <p>

    There is no plan in the future to change the production schedules
    of 4x5, 8x10 and 20x24.

    <p>

    Yes we have problems.

    <p>

    Bill
     
  5. Bankruptcy doesn't mean the business closes. Chrysler and Continental
    airlines are two examples of companies who have filed (actually did
    Chrysler file bankruptcy?? Continental certainly did) and come back
    quite well. It usually means a stressful time for the employees.

    <p>

    Polaroid has a lot of valuable intellectual property. For all I know
    (I know nothing!) their professional instant film products are a
    profitable division of the company...
     
  6. I am very sad about this whole matter, Dr Land was the Thomas Edison
    of the UK and an amazing guy, all we seem to have these days are a
    bunch of bean counters.. where are the visionarys? Its depressing to
    consider what lies ahead for traditional image makeing. damn you
    digital, cant you just leave us be.
     
  7. Hmm...I don't know about that...I was always under the impression that
    professional lines in all companies, whether film/paper
    mmanufacturers, or equipment were not the big money earners. I would
    be very surprised to learn that Polaroid is making alot of money off
    their pro films...I've heard that their biggest sellers are more of
    the sticky camera type films...and the integral films. I imagine
    they've taken a real beating from the rise of cheap photofinishing,
    point'n'shoots, and now digital cameras & inkjet printers. Think about
    all the technical imaging equipment & films they used to
    offer...forensic cameras, dental cameras, passports, IDs, copy
    cameras...alot of this stuff is being done more & more on digital.
    Just look at the duping films & copy films EK has discontinued as
    well...like it or not it's coming our way....and as far as
    intellectual property, when are those patents up anyways?

    <p>

    I want to see them continue though, because I rely heavily on type 55
    film, and really don't want to work without it....
     

Share This Page