Image by anankkml from freedigitalphotos.net
I grew up in a time when film was king. My dad was an avid photography enthusiast. We even had a small dark room (for your young 'uns out there, this is where negatives and photographs were processed and printed).
I remember Saturday mornings and there would be a red light bulb on outside the darkroom door. We all knew what that meant, DO NOT ENTER. We didn't mind because we would look forward to the photographs that my dad would be showing us after his darkroom session.
Nowadays that digital format is king, the film medium is a shadow of its former self. And so is the film empire of Kodak. There are still pockets of film enthusiasts worldwide, but their numbers are nothing like before.
Makes you wonder what happened to Kodak, one time king of the film world. Here's a short video by the New York Times that I came across that hopefully answers some of your questions.
For a guy who grew up around film, this made me a little nostalgic. It's good to know though that Kodak, though a much smaller company now, is transforming itself and still trying to make itself relevant in this digital age.