BBC News- Polaroids
From the article:
"The firm was founded in 1937, making polarised lenses for the science world, introducing its first instant camera in 1948. Polaroid peaked in popularity in 1991 when its sales - mainly instant cameras and film - hit close to $3bn.
However it failed to embrace the digital photography revolution and went bankrupt in 2001, before being bought, four years later by a Minnesota-based consumer products firm, Petters Group Worldwide. "
Let's hear it for the Minnesotans who tried to save the day! Good effort boys. But, the good news:
"It says there is enough film in stock to last until 2009, and it hopes to sell licensing rights to another firm to continue supplying enthusiasts who still use their Polaroid cameras."