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Kodak was once a dominant leader in photography, controlling 90% of the film and 85% of camera sales in America by 1976 and rated as one of the most valuable brands. However, Kodak failed to transition to digital photography in time, remaining focused on its traditional film business instead of innovating. As digital cameras became popular, Kodak's film-based business declined and it eventually had to declare bankruptcy in 2012 due to its unwillingness to change and late move toward the new digital market.







