Question GoJu Nation. Do you know what industry instantly collapsed with the introduction of the internet? Encyclopedias. They immediately went the path of the dinosaur once the world-wide web became a culture staple. That’s the beauty and the curse of change. It moves us forward but there are business casualties along the way. In 1998 the digital cinematography/film era gained traction and changed the film/tv & camera industry completely. Kodak which was founded in the 19th century (1892) was the standard in film for over a hundred years. From their famous cameras to supplying film to the entire film & television industry, this behemoth was prosperous for generations. Then they got hit by a lightning bolt in technology with the advent of digital imaging. Kodak stuck to their guns and reluctantly came on board to this paradigm shift. As a result they have become the next casuality of the new corporate business model. Now don’t cry they have been successful for over 120 years but for every start there is a finish. Courtesy of CNN‘s Aaron Smith and Hibah Yousuf lets take a look at the business details.
CNN has a feature called “Connector of the Day“. It’s an expose’ where the taste makers who are doing it big in their industry are profiled. This one spoke to me because a lot of us aren’t aware of how strong some brands are establishing themselves. Enter Diddy, who (if you don’t know) has a 500 million brand in Sean Jean (that’s why he doesn’t care about the music as much). And we get to find out the in/outs of is his clothing empire (yes it is an empire). So courtesy of CNN here’s “Connector of the Day” with Sean Combs…
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