Kodak Eastman was founded in 1880 by George Eastman, inventor of the hand-held camera and rolled photographic film. Kodak’s market value topped US$31 billion in the mid-1990s, but it filed a US$6.75 billion bankruptcy in January 2012, weighed down by high pension costs and badly lagging in the digital camera technology race. In August 2013, it was cleared to emerge from bankruptcy.