Polaroid Corporation to design the Impossible Project mass market instant camera. Polaroid Corporation Polaroid is an American company that is a brand licensor and marketer of its portfolio of consumer electronics to companies that distribute consumer electronics and eyewear. It is best known for its Polaroid instant film and cameras. In 2017, its parent company was acquired by Polish investor Oskar Smołokowski. The company was founded in 1937 by Edwin H. Land, to exploit the use of its Polaroid polarizing polymer. Land ran the company until 1981. Its peak employment was 21,000 in 1978, and its peak revenue was $3 billion in
Instant camera in a single compartment, was invented in 1923 by Samuel Shlafrock. During 1977, was the height of the Instant Camera popularity but around 1979, Started the decline of Polaroid cameras. There were newer, smaller, and less expensive cameras and recording devices being introduced which was the start of the digital photography age being born In February 2008, Polaroid filed for Chapter 11 bankruptcy protection for the second time and announced it would discontinue production of its instant films and cameras, shut down three manufacturing facilities, and lay off 450 workers. Sales of the analog film by all makers dropped by