EMV PCI ATM Industry essential guide

CVS will keep more than 15,000 of Eastman Kodak Co.'s photo kiosks in the U.S. after a bankruptcy judge signed off on the deal late last week, MarketWatch reported.

Under the agreement, Kodak's photo kiosks will remain in CVS stores through 2016 — a move that retains the kiosks' biggest customer and stabilizes the product for a potential buyer. 

The deal also resolves competing claims between the two companies. Kodak agreed to reduce its $10.87 million claim by $4.5 million and will get $6.37 million from CVS. CVS will also get an $18.35 million unsecured claim against Kodak, payable under Kodak's reorganization plan, the article reported.

"At this juncture, as the debtors are seeking to market their personalized imaging business, which includes the [kiosk] operations, for sale, maintaining a customer relationship with CVS is essential to maximizing value of the business," Kodak said in court papers.

Read more about photo kiosks

Related Content

User Comments – Give us your opinion!
Products & Services

Education Kiosks

http://global.networldalliance.com/new/images/products/3790.png

3790/Education-Kiosks

EPSON M-T153 Series Thermal Printer Mechanisms

http://global.networldalliance.com/new/images/products/Telpar_Epson_M_T153.jpg

2408/EPSON-M-T153-Series-Thermal-Printer-Mechanisms

DMV KIOSKS

http://global.networldalliance.com/new/images/products/4623.png

4623/DMV-KIOSKS

Human Resources KIOSKS

http://global.networldalliance.com/new/images/products/2080.png

2080/Human-Resources-KIOSKS

Slabb X4 Wall Mount Informational Kiosk

http://global.networldalliance.com/new/images/products/6479.png

6479/Slabb-X4-Wall-Mount-Informational-Kiosk

License Renewal Kiosk

http://global.networldalliance.com/new/images/products/4521.png

4521/License-Renewal-Kiosk

Self-Service Kiosk Best Practices - Flextronics

http://global.networldalliance.com/new/images/products/ReplaceImage.jpg

2472/Self-Service-Kiosk-Best-Practices-Flextronics

Kiosk Weighing Solutions - AP200 Load Cell

http://global.networldalliance.com/new/images/products/6631.png

6631/Kiosk-Weighing-Solutions-AP200-Load-Cell

Security Cabinets

http://global.networldalliance.com/new/images/products/4744.png

4744/Security-Cabinets

Kiosk Receipt Thermal Printer - TELPAR SP 5000 Series

http://global.networldalliance.com/new/images/products/Telpar_SP5000.jpg

2401/Kiosk-Receipt-Thermal-Printer-TELPAR-SP-5000-Series

PTC Electronics
Telpar
CONNECT 2014 Mobile Innovation Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.
Ventus