The Photographic Angle Blog Tagged under News

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The photographic angle promotes education of the public in the art and science of photography by staging exhibitions and supporting professional, student and amateur photographers

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Friday Link Love

Posted on 18th May 2012 by Stacey

Street Photography

Friday has come round again and at TPA we have had an extremely busy week. We are relocating offices so it has been complete chaos with all the removals. But despite all the turmoil we are still beavering away and we have even managed to start a new series of blog posts.

Friday Link Love is a series that we will endeavour to post every Friday and it will feature links to interesting photography related stories that we have come across on the web during the week. So here are this week's links. We hope you find something that will grab your attention.


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KODAK Down, But Out?

Posted on 19th Jan 2012 by Antony

FotoNews



Kodak going down…?

I has to be said that it was with no small amount of sadness that we received the news that Kodak, that iconic photographic brand which has been credited with bringing photography to the masses, today officially filed for bankruptcy, however all is not lost read the Press Release below for more…

January 19, 2012 12:22 AM Eastern Time
Eastman Kodak Company and Its U.S. Subsidiaries Commence Voluntary Chapter 11 Business Reorganization

Flow of Goods and Services to Customers to Continue Globally in Ordinary Course

Non-U.S. Subsidiaries Are Not Included in U.S. Filing and Are Not Subject to Court Supervision

Company Secures $950 million in Debtor-in-Possession Financing in U.S.

Kodak's Reorganization to Facilitate Emergence as Profitable and Sustainable Enterprise

ROCHESTER, N.Y.-(BUSINESS WIRE)-Eastman Kodak Company ("Kodak" or the "Company") announced today that it and its U.S. subsidiaries filed voluntary petitions for chapter 11 business reorganization in the U.S. Bankruptcy Court for the Southern District of New York.

"Our goal is to maximize value for stakeholders, including our employees, retirees, creditors, and pension trustees. We are also committed to working with our valued customers."

The business reorganization is intended to bolster liquidity in the U.S. and abroad, monetize non-strategic intellectual property, fairly resolve legacy liabilities, and enable the Company to focus on its most valuable business lines. The Company has made pioneering investments in digital and materials deposition technologies in recent years, generating approximately 75% of its revenue from digital businesses in 2011.

Kodak has obtained a fully-committed, $950 million debtor-in-possession credit facility with an 18-month maturity from Citigroup to enhance liquidity and working capital. The credit facility is subject to Court approval and other conditions precedent. The Company believes that it has sufficient liquidity to operate its business during chapter 11, and to continue the flow of goods and services to its customers in the ordinary course.

Kodak expects to pay employee wages and benefits and continue customer programs. Subsidiaries outside of the U.S. are not subject to proceedings and will honor all obligations to suppliers, whenever incurred. Kodak and its U.S. subsidiaries will honor all post-petition obligations to suppliers in the ordinary course.

"Kodak is taking a significant step toward enabling our enterprise to complete its transformation," said Antonio M. Perez, Chairman and Chief Executive Officer. "At the same time as we have created our digital business, we have also already effectively exited certain traditional operations, closing 13 manufacturing plants and 130 processing labs, and reducing our workforce by 47,000 since 2003. Now we must complete the transformation by further addressing our cost structure and effectively monetizing non-core IP assets. We look forward to working with our stakeholders to emerge a lean, world-class, digital imaging and materials science company."

"After considering the advantages of chapter 11 at this time, the Board of Directors and the entire senior management team unanimously believe that this is a necessary step and the right thing to do for the future of Kodak," Mr. Perez continued. "Our goal is to maximize value for stakeholders, including our employees, retirees, creditors, and pension trustees. We are also committed to working with our valued customers.

"Chapter 11 gives us the best opportunities to maximize the value in two critical parts of our technology portfolio: our digital capture patents, which are essential for a wide range of mobile and other consumer electronic devices that capture digital images and have generated over $3 billion of licensing revenues since 2003; and our breakthrough printing and deposition technologies, which give Kodak a competitive advantage in our growing digital businesses."

Mr. Perez concluded, "The Board of Directors, the senior management team and I would like to underscore our appreciation for the hard work and loyalty of our employees. Kodak exemplifies a culture of collaboration and innovation. Our employees embody that culture and are essential to our future success."

Kodak has taken this step after preliminary discussions with key constituencies and intends to work toward a consensual reorganization in the best interests of its stakeholders. Kodak expects to complete its U.S.-based restructuring during 2013.

The Company and its Board of Directors are being advised by Lazard, FTI Consulting Inc. and Sullivan & Cromwell LLP. In addition, Dominic DiNapoli, Vice Chairman of FTI Consulting, will serve as Chief Restructuring Officer to support the management team as to restructuring matters during the chapter 11 case.

More information about Kodak's Chapter 11 filing is available on the Internet at www.kodaktransforms.com. Information for suppliers and vendors is available at (800) 544-7009 or (585) 724-6100.

Kodak will be filing monthly operating reports with the Bankruptcy Court and also plans to post these monthly operating reports on the Investor Relations section of Kodak.com. The Company will continue to file quarterly and annual reports with the Securities and Exchange Commission, which will also be available in the Investor Relations section of Kodak.com.

Although many of you will know that Kodak has been going through the death throes for some time I'm sure that you feel the same as I do when I say it would be truly sad not to see the company return to form. In this age of true deomcratisation of the arts, when more people are being able to enjoy photography than ever before, it would be a shame to see this company go down...

A/R


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Vernacular Photography - A Fascinating Area Of Photography

Posted on 19th Jan 2012 by Antony

Vernacular Photography

Vernacular photography or amateur photography refers to the creation of photographs by amateur or unknown photographers who take everyday life and common things as subjects.- (wikipedia).

"Aesthetically unpretentious, generally functional images made by amateur snapshooters or grass-roots professionals"- Robin Lenman.

Examples of vernacular photography are: Family Snapshots, Travel Photos, Photo Booth, School/ID Photos, Amateur Portraits, Souvenir Type Photos & Works by Itinerant Photographers

Invented in France and England in the first part of the 19th Century, Photography was for a long time stuck in the portrait studio where the upper classes went to have their picture taken. Within months of Daguerre's 1839 announcement of his photographic breakthrough in Paris, many amateurs began experimenting with the daguerreotype process capturing their members of their families in what would be the first family photographs. By the 1890's there had been a tremendous rise in amateur photography with the arrival of smaller formats and more simple cameras to use. The family album was born, where visual fragments of daily life were collected and preserved.

This exhibition will attempt to explore the genre of vernacular photography.

thumbnail: Young Love - Chris Cockerill

This theme was researched and written on for the The Photographic Angle by Malin Sjoberg, former assistant to the coordinator of exhibitions for MAGNUM photos Paris. M.Sjoberg is currently based in the UK and works both as a practitioner, specialising in historic photographic processes, and as a freelance photographic consultant having studied photography at Rockport College Maine, the Art Institute of Boston and several workshops under the tutelage of Scully & Osterman.


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VOICES Installed In Birmingham Ormiston Academy

Posted on 28th Nov 2011 by Antony

Setting up at BOA

We were really pleased this month to have installed our VOICES exhibition See It Our Way in the Birmingham Ormiston Academy (BOA). See It Our Way is an exhibition curated by PhotoVoice through their participatory photographic workshops. The work shows the lives of communities who are often hidden or invisible and whose voices need to be heard.


BOA is an independent state funded 14-19 Academy specialising in Creative, Digital and Performing Arts. As such it was the perfect space for us to exhibit this work, students currently experimenting in new media, including photography. Pushing the limits of contemporary photography, we very much hope to be able to bring new and interesting work closer to students and the public whenever and where ever possible.

The Academy was great to work with and we're hoping to catch up with them in the new year.

Cheers guys I hope you were as pleased with the show as we were!




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Between Here And There

Posted on 28th Nov 2011 by Antony



Finally an opportunity to write a little about 'Between Here and There' our touring exhibition currently headed to Milton Keynes before hitting our nations' capital and the mammoth venue which is Market Towers- Vauxhall.

Between Here and There is a photographic exhibition we began touring some time back with a relatively small number of works and photographers it has, however, now transformed into a fully mature touring exhibition with 11 participating photographers all interpreting the theme in their own unique way.

The theme itself is related to our understanding of 'place', to read more about the exhibition theme, see tour dates or further information on the photographers themselves click on the links which will take you through to the relevant pages on our site.



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The Photographic Angle (TPA) is a company limited by guarantee, registered with Companies House in London (number 07063537) and is a charity registered with the Charity Commission for England and Wales (number 1135750). TPA advances education for the public benefit, in particular in the art and science of photography and its theory and practice, partly by holding exhibitions of photography freely accessible to the public. .

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