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Contact Carmine Taverna by eMail at: BlackAndWhitePhoto@aol.com

According to CBSNEWS.COM
"MoneyWatch
Kodak warns its business is in "substantial doubt" after 133 years
moneywatch
By
Edited By
Updated on: August 12, 2025 / 8:01 PM EDT / CBS News

Kodak is warning that its future in business is looking very blurry.

The iconic 133-year-old business cautioned Monday that there's "substantial doubt" about its ability to continue as a going concern because it might not have the financial resources to meet its future debt obligations, according to an Aug. 11 regulatory filing. A so-called going concern warning is an accounting term that signals a risk that a business might cease operations.

Shares of Kodak plunged $1.73, or 26%, to $5.05 in Tuesday morning trading. Reached for comment, a Kodak spokesperson pointed to the statement in its regulatory filing.

The warning is the latest development in the photography company's storied history, which includes introducing one of the first consumer cameras in the 1880s and mass manufacturing film rolls for hobbyists and professionals alike. But Kodak struggled to adapt when digital cameras overtook film starting in the 1990s, leading to a bankruptcy filing in 2012.

Its current financial crunch is tied to almost $500 million in short-term debt obligations, as well as more than $200 million in pension liabilities. Last year, Kodak had said it would end its pension plan in order to reduce debt, according to the Wall Street Journal."

LINK TO CBS NEWS; www.cbsnews.com/news/kodak-going-concern-warning-d…

Freezing 35mm film can significantly extend its shelf life, potentially for many years. Freezing film halts the chemical processes that cause degradation, effectively putting it into a state of hibernation. However, proper thawing is crucial to avoid condensation and potential damage to the film's emulsion.
Here's a more detailed explanation:
Benefits of Freezing:
Extended Shelf Life: Freezing can preserve film for up to 15 years beyond its expiration date.
Slows Degradation: It halts the chemical reactions that cause film to degrade over time due to factors like temperature and humidity.
How to Freeze:
1. Seal it:
Place the film (still in its original canister or plastic wrap) in a tightly sealed container or ziplock bag to protect it from humidity.

Enjoy Thousands of my Photographs here; carminetaverna.com/

​Carmine Taverna is a seasoned photojournalist based in New York City, with a photography career spanning back to 1973. He is passionate about capturing the essence of America through his lens, emphasizing the importance of "FREEDOM of EXPRESSION" in photography. His work has been featured on magazine and newspaper covers, showcasing his dedication to the craft .​

For those interested in learning from his extensive experience, Carmine offers hundreds of free photography how-to videos on his YouTube channel, "CARMINE TAVERNA PHOTOGRAPHY." These videos cover a range of topics and are a valuable FREE resource for both budding and experienced photographers.​
You can explore his photographic works and access his tutorials through his official website: WWW.carminetaverna.com where you can find a collection of his photographs.​
For direct inquiries or to connect with Carmine, you can reach him via email at BlackAndWhitePhoto@aol.com.​
If you're interested in specific aspects of his work or have particular questions, feel free to ask!
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Photography is a multifaceted art form that transcends an image captured. It serves as a powerful tool for storytelling, allowing individuals to document and share personal and collective experiences. Through photography, we preserve memories, celebrate milestones, and convey emotions that words often cannot express. It fosters connections among people, bridging cultural divides, and offers a universal language understood by all . Moreover, photography plays a crucial role in raising awareness about art and the health of our world. Whether capturing the beauty of everyday life or highlighting the need for conservation, photography empowers individuals to see the world through different perspectives and to appreciate the richness of the human experience. In closing, remember the foundation of this channel "Photography was never meant to be expensive". Low cost gear creates art photography. #art #kodak #film #35mmfilm #money #stockmarket #bank #investment #ilford