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Kodak began to struggle financially in the late 1990s as a result of the decline in sales of photographic film and its

slowness in transitioning to digital photography

Kodak focused on digital photography and digital printing and attempted to generate revenues In January 2012, Kodak filed for Chapter 11 bankruptcy protection In February 2012, Kodak announced that it would cease making digital cameras, pocket video cameras and digital picture frames In August 2012, Kodak announced the intention to sell its photographic film commercial scanners to emerge from bankruptcy Kodak sold many of its patents for approximately $525,000,000 to a group of companies (including Apple, Google, Facebook)

On September 3, 2013, Kodak emerged from bankruptcy