Kodak has confirmed that it has increased the prices of all of its consumer and professional films, just weeks after the company was put under the protection of US courts as it seeks to avoid bankruptcy.
The information was first revealed by Amateur Photographer, a UK-based photogrpahy magazine, and confirmed to BJP by a Kodak spokeswoman. "We have to contend with further increases in energy and raw material costs, and higher costs associated with lower volumes," a Kodak representative told Amateur Photographer. "Therefore, to remain a sustainable, viable business, the company is implementing a price increase for consumer and professional films."
Speaking to BJP, a spokeswoman for the Rochester-based company says: "Yes, Kodak raised the prices on all films by 15 percent." The increase, while immediate for retailers, is expected to take effect in shops in the coming weeks.
The move comes as BJP revealed last week that the company was discontinuing its range of colour reversal films. The discontinued films are the Kodak Professional Ektachrome E100G, Kodak Professional Ektachrome E100VS Film and Kodak Professional Elite Chrome Extra Color 100.
For more on Kodak's financial situation and future in film photography, read BJP's full coverage.
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