If film users didn’t have enough troubles with the digital explosion making traditional cameras practically irrelevant, now they’re going to have to pay more to take pictures. The world’s largest maker of photographic film, Eastman Kodak, said today that it’s going to hike prices on its consumer, professional and movie films to offset the high costs of raw materials such as silver. Consumer and professional film will be jacked up by as much as 17 percent while motion picture film could rise as much as five percent.
‘Over the past year, Kodak has been absorbing unrelenting increases in the costs of raw materials used to manufacture film, including silver and petrochemicals,’ the company said in a statement. ‘These pressures have reached a point where they can no longer be offset by Kodak’s ongoing productivity programs.’
Eastman Kodak announces film price hikesBusinessWeek