Eastman Kodak bankruptcy (2012)
Kodak, the dominant film-photography company, filed for Chapter 11 after digital cameras destroyed its film business. Kodak had invented the first consumer digital camera in 1975 but failed to monetize it, protecting film revenue instead.
Kodak emerged from bankruptcy in 2013 as a much smaller commercial-printing and imaging company.
The case became the standard example of a market leader disrupted by a technology it helped create.
Getty faces the same pattern from generative AI image tools, which let companies create visuals without paying for licensed stock photos.
