20 August 2013 Last updated at 16:00 ET
Kodak helped pioneer digital photography, but saw other firms secure most of the industry's profits
Eastman Kodak has gained court approval to come out of bankruptcy as a much smaller digital imaging company.
The company, once the biggest name in photography, had planned to come out of bankruptcy in July.
Eastman Kodak was founded in New York in 1892 and pioneered the use of film in cameras.
US bankruptcy judge Allan Gropper agreed to the company's plans, meaning it should be back trading in about two weeks.
Source: BBC News - Business http://www.bbc.co.uk/news/business-23774639#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
