Polaroid, the company which was synonymous with instant photographs, is finally exiting the instant film business and closing three factories around the world.
The company has laid off 450 people, bringing its workforce to just 150 – a far cry from the 21 000 it employed at the peak of its production.
Polaroid is still in the instant photography business, though, although a more modern iteration – it is now focusing on portable printers for cell phone pics, digital cameras, televisions and DVD players.
It hasn't made any new instant cameras for the last two years.
The instant film used in Polaroid cameras will be available for the next year.