– The Academy Awards are in talks with the 7,100-seat Nokia Theatre in downtown Los Angeles, according to The Hollywood Reporter:
The downtown venue is offering a lease comparable to what the Academy currently pays CIM Group, owner of the 3,400-seat Kodak, but with a perks package that includes more seats, better infrastructure, greater promotional opportunities and more ancillary facilities for parties and press.
Kodak is expected to file bankruptcy soon, or at the very least be reorganized in a way that may make it unlikely they will continue its $4 million a year commitment for another decade.
– Kodak’s UK pension fund may figure big into any reorganization, Reuters reports:
Kodak’s ties to the UK began in the 1800s and continued in the 1900s. Whole communities were built around the plants, similar to its hometown of Rochester.
Kodak’s overseas pension and benefit obligations have been underfunded for most of the past decade, its annual reports for that time period show.
The company has employee pension plans in France, for instance, but the UK Pension Regulator is unique in that it has aggressive legal authority to pursue funding claims abroad.
– Kodak’s lawsuits against Apple and HTC may be a move to increase the value of its trove of digital imaging patents, Bloomberg reports.
– In 2011, Xerox ranked 28th in the number of patents granted.
– Xerox CEO Ursula Burns decried the state of higher education in the U.S.