UPDATE 1-Kodak to begin talks with creditors on reorganization plan


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Oct 12 (Reuters) - Eastman Kodak Co said it willbegin discussions with various creditor groups on areorganization plan to emerge from bankruptcy protection.

The company said in a filing that it expects revenue of $833million for 2013 from its commercial imaging digital printingbusiness and $1.72 billion from its commercial imaging graphics,entertainment & commercial films. ()

Kodak said there is interest from various parties in itscommercial imaging business and interest among several potentiallenders to finance the business.

"We are gratified that there appears to be interest amongseveral potential lenders to finance this business and itsemergence, and with this disclosure, we are now betterpositioned to explore these funding opportunities," Kodak ChiefExecutive Antonio Perez said.

The company had said last month that it would stop sellinginkjet printers from next year as it winds down most of itsconsumer businesses.

The company which has already shuttered its digital camerabusiness is continuing to explore options to sell its patents,estimated to be worth between $2.2 billion and $2.6 billion.

Kodak said the global August employee count will be reducedby 1,500.

Kodak filed for bankruptcy earlier this year afterstruggling to adapt to the digital age.

The case is In re: Eastman Kodak Co et al, U.S. BankruptcyCourt, Southern District of New York, No. 12-10202.

(Reporting by Tanya Agrawal in Bangalore; Editing by RoshniMenon)

((tanya.agrawal@thomsonreuters.com)(within U.S. +1 646 2238780)(outside U.S. +91 80 4135 5800)(Reuters Messaging:tanya.agrawal.reuters.com@reuters.net))