Eastman Kodak Co invented the digital camera, in 1975, but said that it will stop making digital cameras in the first half of this year. The company said it would try to licence its brand to other camera manufacturers and, according to a spokesman, had already received "significant interest".

Kodak filed for Chapter 11 bankruptcy protection last month, having lost almost 90 per cent of its market value in 2011. Despite its history as a digital pioneer, the company struggled to adapt as digital photography became more popular with consumers.

Source: The Telegraph