Hollywood cooperation is responsible for saving some of the Kodak film manufacturing business, because the studios agreed to cooperate on buying movie film.

Question

Quizplus · Accepted Answer

Several competing Hollywood studios came together and agreed to cooperate on buying movie film. They negotiated promises to buy certain quantities of film to keep Kodak from closing down its film manufacturing business. As long as the benefits of cooperating are enjoyed by all participants in a co-opetition system, the practice can aid companies in avoiding intense and damaging competition.

Hollywood Cooperation Is Responsible for Saving Some of the Kodak