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The Rochester Business Journal reports that Eastman Kodak Co. is selling its online photo business to rival Shutterfly for $23.8 million.

According to the story, “The terms of the agreement include the transfer of Kodak Gallery customer accounts and images in the United States and Canada to Shutterfly.”

The company has said that it is “focusing its consumer business on retail and destination photo solutions as well as home printing products.”

Kodak Gallery, the story notes, reportedly has more than 75 million users.
KC's View:
Call this the developing portrait of a once-great brand becoming irrelevant, antiquated and obsolete.