Kodak brand is returning to store shelves
Matthew Daneman, USA TODAY 5:51 p.m. EST December 26, 2014
On Sept. 3, 2014, JK Imaging unveiled its Kodak PixPro SP360 Action Cam in Europe. It captures panoramic 360° video, is waterproof and has colors reminiscent of Kodak's iconic film box. (Photo: JK Imaging)
(Photo: Seedonk)
1129 CONNECT 126 TWEET 32 LINKEDIN 23 COMMENTEMAILMORE
ROCHESTER, N.Y. — Consumers soon will be seeing products beyond film bearing the Kodak brand.
Though Eastman Kodak Co. (NYSE: KODK), which once made products from digital cameras to Bayer aspirin, now is focused exclusively on printing-related equipment and technology, it is an iconic name.
"It was difficult to find a brand that resonated — family values, taking care of loved ones," said Ronald Pace, senior vice president of business development and operations at video monitoring technology company Seedonk Inc., which signed a deal with Kodak last year that will see it put out its Kodak Baby Monitoring System in early 2015. "Then the Kodak opportunity came up. Kodak Moments, these are things that are important to our customers."
Those yellow boxes of Kodak 35-millimeter film? They're made for Kodak spinoff Kodak Alaris.
USA TODAY
Hollywood to commit to Kodak film
Kodak stopped making digital cameras in 2012 as part of its bankruptcy. Sakar International of Edison, N.J., launched a line of Kodak camera and photo accessories in 2013, and Los Angeles-based JK Imaging secured the digital-camera licensing agreement the same year.
Licensing is big business for Kodak. In its most recent fiscal quarter, such brand licensing and intellectual property agreements added up to $51 million in earnings before certain expenses.
“They're been helping us create a better product. I plan on working (with Kodak) as long as I can, for many years.”
Ronald Pace, Seedonk Inc.
While it traditionally has favored one-time, upfront payments when signing such licensing deals, Chief Executive Jeff Clarke told Wall Street analysts last month that Kodak is going to focus more on revenue-sharing annuity deals, and to expect more licensing agreements.
"There's many, many products out there that we believe will be relevant to the consumer with the Kodak brand on it. We see this as untapped opportunity. We've added some resources in this area."
With Chief Marketing Officer Steve Overman now overseeing licensing, "We believe it will have a lot more energy," Clark said.
Some of the licensing arrangements that will be on display at the International Consumer Electronics Show next month go back years, as in the case of Rochester-based KMG Digital, which in 2010 signed a deal giving it the exclusive worldwide licenses to the Kodak name for media products such as blank CDs, DVDs and Blu-ray discs.
Others are far newer. London's Bullitt Group, which specializes in making consumer electronics under other companies' brands, announced this week it plans to come out with a variety of Kodak electronics in 2015, including a tablet computer and Android smartphone.
 People visit the Kodak display at the International Consumer Electronics Show (CES) in Las Vegas, Nevada, on Jan. 11, 2012.(Photo: Frederic J. Brown, AFP/Getty Images)
Seedonk's Pace declined to talk about the financial terms of the licensing agreement with Kodak. But the cost of the Kodak brand paled in comparison to the marketing weight it carries, he said.
"There's so much noise out there, so many gadgets and things popping up right and left," Pace said. "The one thing people are looking for is something they can trust. It's hard to build a brand from scratch and get that trust … without spending millions and millions of dollars for promotion.
"This was a superior way to go," he said. "It's a pretty good investment compared to what Kodak offers."
USA TODAY
Kodak spinoffs in major fight over microfilm
Meanwhile, the company tweaked the video monitor on its baby-monitoring system because of suggestions from Kodak's imaging-quality experts.
"They're been helping us create a better product," Pace said. "I plan on working (with Kodak) as long as I can, for many years."
Matt Daneman also reports for the Rochester (N.Y.) Democrat and Chronicle.
http://www.usatoday.com/story/tech/2014/12/26/kodak-branding/20910231/
|
