Sunday, March 4, 2012

Kodak sold its online photo to Shutterfly

After filing bankruptcy, the company broke away from Kodak Gallery for $ 23.8 million. This service has 75 million users only in the U.S. and Canada

In January, Kodak company filed for bankruptcy after losing more than $ 700 million in 2011, a month later announced it would stop producing digital cameras, and now announced the sale of its online photo service Kodak Gallery.

This system was acquired by the company Shutterfly, who paid a sum of $ 23.8 million for a community of 75 million users only in the United States and Canada.

The deal will be completed mid-year, while continuing the bankruptcy process to be defined at the end of March.

This service allows users to upload photos, create and organize galleries, assemble albums and share and print your images. Those who do not want to continue at Kodak Gallery while migrating have the option to unsubscribe.

The company will receive a copy of their material, either through the purchase of DVD with your images or through free downloads while the system is active.

The marketing director of Kodak, Jotwani Praddep said this operation, "Kodak continues with the objective of maintaining a business model where we can get more from our technological strengths and as a brand."

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