Kodak Avoids $18M Bill As Judge Axes Sony Film Deal

Law360, New York (February 20, 2013, 2:52 PM EST) -- A New York bankruptcy judge on Wednesday threw out a film supply contract between Eastman Kodak Co. and Sony Pictures Entertainment Inc. after Kodak contended that the contract would cost it $18 million to maintain.

At a hearing Wednesday, U.S. Bankruptcy Judge Allan L. Gropper overruled Sony's protests against the termination of the contract, under which the movie studio received discounted prices for motion picture film for several years. The judge repeatedly pressured Sony to explain why he should reject Kodak’s bid to end the contract...
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