Kodak And Major Hollywood Studios Strike Film Supply Agreement

The six big Hollywood studios have struck an agreement with Kodak that will have the latter company provide the film used for both TV and movies. It's no surprise Kodak is pushing for film to remain a relevant — and integral — part of the entertainment industry, and as such it has been in talks with everyone involved, ranging from indie artists to major production companies. With these agreements in place, Kodak is free to keep producing film for motion pictures while dabbling in its other endeavors.

The agreements have been finalized, according to Kodak, and involve the company supplying motion picture film to Paramount Pictures, Sony Pictures, 20th Century Fox, Warner Bros., NBC Universal, and Walt Disney. This follows apparent business discussions that took place last summer.

Though digital is a consumer favorite, film is still a common medium in the industry, and many well known films from the recent past have been produced with it, including The Grand Budapest Hotel and Interstellar. Likewise, upcoming movies like Jurassic World, Star Wars: The Force Awakens, Ant-Man and more are being produced with Kodak's film.

Said Kodak's CEO Jeff Clarke, "With the support of the studios, we will continue to provide motion picture film, with its unparalleled richness and unique textures, to enable filmmakers to tell their stories and demonstrate their art."

SOURCE: Kodak