Kodak mulls bankruptcy protection
Kodak mulls bankruptcy protection
2:56

Kodak mulls bankruptcy protection

Culture
It's Thursday, January 5th, 2012. I'm Bridget Carey, on CNET.com and it's time to get loaded. Kodak could be going the way of Polaroid. The Wall Street Journal reports that Kodak is preparing to seek Chapter 11 bankruptcy protection. It's trying to solve some patents to avoid Chapter 11 but might not make the money in time. Kodak is a 131 year old company with 19,000 employees. The company has been focusing on printers in recent years after failing to make headway in the digital camera market. Reportedly that wasn't enough to generate the cash needed to cover expenses especially its obligation to retired employees. It's another example of a company that can't cope with changing technology demands like Borders bookstores or Blockbuster Video. The thing is Kodak invented the digital camera of the '70s. It just can't capitalize on it. The next Xbox console could have a built in DVR. Microsoft was granted the patent to record television shows on a game console and it could even record gameplay. The technology also points to being able to record Live TV while playing a video game without dropping a frame. Xbox brought Live TV to its consoles last month, starting with a few channels for Verizon FiOS customers, and in other home entertainment news, Apple is having a hard time getting content for its iTV. Sources told USA Today that Apple is trying to cut deals to offer top TV network programs pay for a la carte through iTunes but Apple hasn't had much luck yet. Music retailers are singing a happy tune today. For the first time in 7 years, there's been an increase in music sales. Overall music sales were up 3% in 2011. 3% might not sound like much but there have been double digit declines in the past years. 103 million digital albums were sold up 19% and 1.3 billion single tracks were sold up over 8%. Perhaps more mobile devices like tablets and smart phones are to thank for the increase or streaming music services make it easy to discover new music for free before buying it, or then again, it just could be (off people?) really like Adele. Her album sold 6 million copies and the song, Rolling in the deep, sold more than 5 million copies. Barnes & Noble is changing up a few things this week. First, they announced they're selling off their print publishing division and now Barnes & Noble sent out a statement saying it is looking at ways to unlock the value of the Nook. Translation, Barnes & Noble wants to grow the Nook e-reader business but can't do that with its current resources. So the Nook business might spin off into something separate from the Brick and Mortar side or partner with a publishing firm to help it grow. Logitech has attempted to reinvent the mouse in its newest device, the Cube, which isn't cube shaped. It's a rectangular box, but regardless, it's a touch panel top. That's the main mouse interface and if you lift it off the table, the Cube is now a presentation device to help you advance through slides, but there's no laser pointer though. The Cube will ship this month in Black and White for $70. Those are your headlines for today. I'm Bridget Carey for CNET.com and you've just been loaded.

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