Does anyone see a parallel to Polaroid demise? Remember them.
I worked in Cambridge, Mass near the Polaroid headquarters and watched them do a nose dive as many friends who used to try to get me to join the Polaroid gravy train in good times, got thrown under the bus by Polaroid (mis)management and lack of innovative growth as their one and only product went down the tubes.
It seems when Kodak lost the patent infringement battles with Polaroid (1985), they had enough "smarts" to see the instant photography business had no future, paid the infringement fees to Polaroid and shut down all their instant photography camera and film production. Why didn't Kodak soothsayers see the advancement of digital over film the same way?
Polaroid continued with their instant photography, tried to bring out "instant movies", specializing in extremely high speed instrumentation cameras (at astronomical prices since they knew they had no mass market for cost scaling) and went into the pit with that business as digital tapes (VHS) were available for cheap and more instant than Polaroid, but, they stuck with instant movie film a la SX70 technology. Maybe VHS weren't high speed, but, the instant movie market had no place for a proprietary Polaroid movie, when every consumer store was selling VHS equipment cheap. As the world moved to digital, Polaroid had no product in their research lab to compete, only Dr Land's patents and technology, and it just was passed by like the Kodak Film business.
As someone said, the chapter 11 lets Kodak off the hook on employee benefits - ask any former Polaroid employee who's retirement was tied into Polaroid stock which went from $100's of dollars per share to pennies, and the people that gave the corporation their sweat and toil for many years left with NOTHING. Only management got (very generous) severance packages as they bailed out before the stock pot was empty.