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February 3, 2012

Kodak Theatre may lose Kodak name

BUFFALO, N.Y. (AP) — Eastman Kodak Co. wants to end its contract for naming rights to the glamorous Los Angeles theater that hosts the Academy Awards as it tries to improve its financial position enough to move out of bankruptcy.

The photography pioneer's financial advisers say the benefits of having the company's name on the 3,300-seat Kodak Theatre aren't worth the contract's cost, according to a motion filed in U.S. Bankruptcy Court this week.


 
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