The first shoe has dropped in the Kodak bankruptcy case when the company asked a judge to terminate its sponsorship of the Oscars Theater in Hollywood. It’s costing the company a lot of money to have its name up there on the corner of Hollywood and
Vine Highland. Now we’re left to wonder when the other shoe will drop with Kodak’s sponsorship in Disney’s theme parks.
To make matters more interesting many of the creditors Kodak is trying to work out refinancing deals are movie studios, including Disney. Kodak owes Disney $4.2 million. It’s also not good news for the owners of the theater as the AMPAS, who runs the Academy Awards, is thinking about moving the Oscar ceremony to another theater soon.