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Kodak reaches film supply pacts with major Hollywood studios

Eastman Kodak Co. said Wednesday it has finalized new film supply agreements with all six major Hollywood studios.

As part of the agreements, Kodak will continue to provide motion picture film to 20th Century Fox, Walt Disney Co., Warner Bros. Entertainment Inc., NBC Universal Inc., Paramount Pictures Corp. and Sony Pictures for their movie and television productions.

“Film has long been–and will remain–a vital part of our culture,” Kodak CEO Jeffrey Clarke said. “With the support of the studios, we will continue to provide motion picture film…to enable filmmakers to tell their stories and demonstrate their art.”

Kodak has been engaged in broad discussions with prominent filmmakers, studios, independent artists, production companies and film processors to enable film to remain a fundamental medium, the company said. Last July, the studios made known their intent to play a key role in leading this industrywide effort.

The agreements make it possible for Kodak to continue to manufacture motion picture film while also pursuing new opportunities to leverage film production technologies in growth applications, such as touchscreens for smartphones and tablet computers, the company said. It also positions the company to remain the premier supplier of camera negative, intermediate stock for post production, and archival and print film.

(c) 2015 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email rbj@rbj.net.

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