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A bankrupt Kodak signals a patent bubble burst

Kodak

Eastman Kodak fought hard to avoid bankruptcy. New products, layoffs, lawsuits: in the end, none of it was enough. On 19 January, the Rochester NY-based company announced it would voluntarily file for Chapter 11 reorganisation in the US Bankruptcy Court for the Southern District of New York.

There's so much that can be said about Kodak's storied history, as well as the company's role in the development of media and consumer electronics industries. The Atlantic's Alexis Madrigal already traced that legacy in his The Triumph of Kodakery: The Camera Maker May Die, But the Culture It Created Survives, writing that "Kodak may be the most direct ancestor of the gadget business as we now recognise it and certainly of the mobile, social variety that now has such currency."

By: Tim Carmody, Edited by: Dan Smith

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