Posts tagged: Gallery

Shutterfly Poised to Increase Market Lead with Kodak Gallery Acquisition

Alan Bullock
 Apr 27, 2012

This week, Shutterflys $23.8 million offer for “certain assets” of competing online photo service Kodak Gallery was selected as the winning (and only) bid in the court-supervised auction that is part of Kodak’s Chapter 11 bankruptcy proceedings The agreement, announced on March 1, is for the sale of “certain assets” including customer accounts and images in the U.S. and Canada, and is expected to receive final court approval early next week.

The transition process, expected to begin soon thereafter, is a familiar one for Shutterfly. In recent years, the service has scooped up customers from several competitors that have assumed room temperature, including Sony Image Station and American Greetings’ PhotoWorks. Unless they choose to opt out, Kodak Gallery users’ photos will be automatically transferred to a new or existing Shutterfly account and they will probably be welcomed to Shutterfly with some free prints and maybe a discounted photo book or two. According to a notice at Kodak Gallery, users who choose to not have their photos moved to Shutterfly will be able to download them for free or to purchase copies on DVD for a limited time. (Incidentally, this may be the last chance for Kodak Gallery users to retrieve their high-resolution image files — Shutterfly does not allow users to download their photos.) Read more »

If Kodak Goes Bankrupt, What Happens Next?

Jim Hamilton
 Jan 9, 2012

Last week’s Wall Street Journal article contends that Kodak is teetering on the brink of bankruptcy. Kodak would not comment on what it considers rumors, and that’s fair given that the Journal’s story was based on unnamed sources, but last fall under similar circumstances Kodak put out a press release denying any intention to declare bankruptcy. This time around the rumors are looking like a distinct possibility.

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Did Kodak Say It Was Going to Divest NexPress? No!

Jim Hamilton
 Feb 5, 2009

The Wall Street Journal reported today that Kodak was planning to “seek partners to share the costs or possibly sell” the Kodak Gallery and NexPress businesses. In a conversation that I had with Kodak this morning, it became clear that the Wall Street Journal had misinterpreted Kodak’s statements and jumped to an incorrect conclusion about divestment. During the investor conference Kodak did say that it needed to transform and position its Kodak Gallery and NexPress businesses (it made the same point about image sensors and OLED businesses). Kodak, however, says that no mention was made of divestment. For NexPress, Kodak said that it intends to explore partnerships and alliances, as well as look at segmentation and licensing opportunities. Read more »

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