The digital age has made filmmaking easier and more affordable. But it would be too simple for the industry to forget the artistic and historic significance of film stock, Scorsese said in a statement Monday.
"Everything we do in HD is an effort to recreate the look of film. Film, even now, offers a richer visual palette than HD," he said. "We have to remember that film is still the best and only time-proven way to preserve movies."
The Oscar-winner's statement came after news that
Industry support allows the company "to plan ahead and maintain production of film for the industry while gearing up for new markets, such as touch sensors," said Louise Kehoe, a spokeswoman for Kodak. Film currently accounts for about 6% of the company's revenues, Kehoe added.
The company is one of the few large film suppliers left. Three years ago, there were 260 motion picture processing labs operating worldwide, according to Kodak data. That number had diminished to 111 by October 2013.
The Rochester, N.Y.-based company filed for Chapter 11 bankruptcy in January 2012 after seeing sinking profits or a loss in every year except one since 2003. At the time, the company laid off 47,000 workers and shuttered 13 manufacturing plants and 130 processing labs.
Kodak emerged from bankruptcy in September 2013. Jeff Clarke was appointed CEO less than a year later.