4 • 38 Ratings
🗓️ 15 August 2025
⏱️ 7 minutes
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0:00.0 | This is TechCrunch. |
0:06.8 | Google pushes AI into flight deals. |
0:10.0 | I'm Imran shaken. Let's get your Friday Daily Crunch off the ground. |
0:14.2 | On your left, you'll see three big tech headlines. |
0:17.4 | On your right, the Grand Canyon. |
0:26.2 | Eastman Kodak is denying reports that it's shutting down. On Wednesday, media outlets like CNN and CNBC detailed the company's ongoing financial challenges, including statements made |
0:32.5 | in its earnings report that warned investors it didn't have committed financing or available liquidity to meet |
0:40.3 | debt obligations coming due within 12 months. However, Kodak quickly published a press release |
0:45.4 | to counter these claims, noting it has no plans to cease operations or file for bankruptcy |
0:51.2 | protection. Rather, it claims to have plans to repay, extend, or refinance |
0:57.6 | its debt before the due date and expects to have a stronger balance sheet by early next year, |
1:03.0 | okay? The company also offered an explanation of its financials, noting it will use $300 million |
1:09.0 | in cash it's receiving in December 2025 from its pension plan |
1:14.0 | termination to address a large portion of its $477 million in term debt. It'll then address the |
1:21.4 | remaining $177 million in debt and another $100 million in preferred stock outstanding. |
1:28.2 | Now, despite these clarifications on recent issues, the 133-year-old company has regularly |
1:34.5 | struggled with finances as digital technology eclipsed film sales. |
1:39.5 | Kodak previously filed for bankruptcy in 2012. |
1:41.7 | In recent years, however, some Gen Z users have embraced older |
1:46.6 | tech, like compact cameras and dumb phones, as a way to tap into nostalgia for a time they |
1:52.9 | never got to experience. Airbnb has launched a new feature called Reserve Now, Pay Later, |
1:59.8 | that lets users in the U.S. reserve a property |
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