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Kodak cuts 425 jobs as film revival treads water

From Engadget - November 14, 2017

Kodak will cut 100 jobs from its Rochester, NY location and about 325 elsewhere. It's also reducing costs and investments elsewhere in an effort to turn a profit by next quarter. Kodak, based in Rochester, NY is a separate company from Kodak/Alaris in the UK. The latter company makes all of Kodak's consumer 35mm, instant and other films, while Kodak in the US handles commercial printing, photo printers and motion picture film.

Despite the cost advantages of digital cinema cameras compared to old-school film, a growing list of directors still prefer to shoot on 16mm, 35mm and 70mm film supplied by Kodak. In 2016, 29 films were shot on 35mm film, according to Filmmaker, down from around 64 the year before. However, 15 films at the 2017 Cannes film festival alone were shot on Kodak film stock, so that bodes well for the overall slate of Kodak movies this year. (One of those, The Florida Project, was shot on both 35mm and an iPhone, showing there's a place for digital and film, even in the same movie.)

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