CommanderFrank
Cat Can't Scratch It
- Joined
- May 9, 2000
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Eastman Kodak has had a bad year with its stock falling 77% and facing bankruptcy, but don’t count Kodak out just yet: The company holds title to an estimated $3 Billion in digital-imaging patents and just completed a deal with IMAX worth $10 million upfront plus royalties. The deal works well for both companies. IMAX can now work with larger screen capacities and Kodak get a much needed cash infusion.
Kodak’s technology is expected to illuminate screens as large as 100 feet and dome theaters with a brightness and clarity not currently available, Imax said.