Today, Eastman Kodak Company announced that in the first half of 2012 it plans to phase out its dedicated capture devices business- including digital picture frames, pocket video cameras and digital cameras, due to its commitment to drive sustainable profitability and ongoing strategic review process via its most valuable business lines. Instead, Kodak will seek licensees and develop its current brand licensing program in the fore-mentioned categories. The Consumer Business of Kodak will include desktop inkjet printing as well as retail-based and online photo printing following this decision.
In order to ensure a well-regulated transition, Kodak got in touch with its retails partners and is working closely with them. However, Kodak will continue to provide technical service and support for its digital picture frames, pocket video cameras and cameras as well as honoring all related product warranties.
