Kodak to move into printers as film fades out

Eastman Kodak Co said on Thursday it plans to respond to declines in its traditional film business by widening its range to ink-jet printers as it focuses on digital products. The US camera and photography company will unveil details of its strategy shift later, when management meets with investors, a spokeswoman in Sweden said.

At the same time, Kodak will not make any more significant investments in traditional consumer film, though it will make private-label film to sell under non-Kodak brand names. Traditional film photography is under pressure due to growing popularity of digital still cameras. Consumers increasingly print these pictures at home on ink-jet printers. Additionally, Kodak is likely to sell or close about $1 billion worth of an array of businesses, which could mean more job losses.