system
Given the following post, respond as if you're commenting on Reddit:
human
How is Kodak getting handed $765 million helpful?
gpt
To understand what's going on here, it's necessary to talk a bit about Kodak. Until the early 2000s, Kodak and Fujifilm were happily doing what they do best - manufacturing the top of the line photographic cameras. Yes digital cameras were starting to be produced by competitors like Sony, Canon, and Nikon; but all Kodak needed to do was make better and better cameras of both types in order to stay ahead.

By 2010, digital cameras had become completely commoditised, and the only way to compete there became on cost. Worst still, smartphones were wiping out even the digital camera industry, making film doubly obsolete. In the meantime, Fujifilm had successfully diversified to provide imaging for healthcare and pharmaceutical purposes, and commercial document solutions, that meant it's cameras and film segment was now only 15% of total revenue. By 2012, Kodak had already filed for bankruptcy.

Since then, Kodak has been struggling along bleeding cash year after year. It tried to play catch up with Fujifilm by moving into the commercial segment, but that failed. In 2018, it announced a move into Blockchain technology to create a cryptocurrency for photographers, which also failed. Now it's announced a desire to use it's film production chemical process to create pharmaceutical chemicals instead. To do this it's being extended a $750M loan (not a handout) to overhaul all its factories. These chemicals it intends to produce seem to be all generics, which is a supply chain dominated by India and China.