Kodak: The life of film is ‘tough to predict’

Kodak has dismissed a newspaper report that it is considering selling off its film business as ‘rumour and speculation’.

A report in yesterday’s Times claimed that the sale of the film business could raise £664m for the company.

The article reports Kodak’s chief executive Antonio Perez as saying that the traditional film business has ‘just a decade of growth ahead of it’.

In an interview with AP’s news editor Chris Cheesman, Kodak's European chief Jaime Cohen-Szulc said that the life of film was ‘tough to predict’.

He added: ‘Consumer film is declining. It is going to continue to decline but there is still a market there.’

Cohen-Szulc told us that film will be around for some time for use in the Hollywood movie industry.