Comment by kalleboo

One of the problems was just how profitable film was. No amount of digital camera sales is going to be as profitable as being able to charge people $2 per photo (film+development).

Fujifilm survived by diversifying more into a chemical company than a consumer product company (whereas Kodak sold off those portions of the company as "not being core to consumer imaging" and focused on printers(??))

And yet even Fuji are now back to having traditional film photography being their single largest revenue generator (their instax instant film is now so popular it is chronically sold out and they are doubling factory capacity to keep up)