CCTV.com - CNTV English - CCTV News

Film firms diversify to survive

01-21-2012 08:46 BJT

The photographic film market was once dominated by Japan’s Fujifilm, China Lucky film, and Kodak in the US, but even these industry giants are facing difficulties with the rising popularity of digital photography.

Fujifilm used to take 60% of market share in China in the 1990s, but that figure dropped to 20% in 2001. The company later launched a line of cosmetics, and sought new outlets for its expertise by making optical film for LCD flat-panel screens. Today, their traditional film business only accounts for 1% of its revenue.

Lucky film also chose to shift strategies. Its move in to optical thin film boosted annual revenue by over 80% in 2010, accounting for over 40% of the group’s total revenue. The company merged with China’s Aerospace Science and Technology Corporation last year, as part of a government initiative on industrial restructuring.

Editor:Zhang Jingya |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program