Polaroid Corporation in 2001, its brand and assets were sold off. The "new" Polaroid formed as a result, and itself declared bankruptcy in 2008, resulting in a further sale and in the present-day Polaroid Corporation. In May 2017, the brand and intellectual property of the Polaroid corporation were acquired by the largest shareholder of the Impossible Project, which had originally started out in 2008 by producing new instant films for Polaroid cameras. The Impossible Project was renamed Polaroid Originals in September 2017. The original Polaroid Corporation was founded in Cambridge, Massachusetts, by Edwin Land in 1937. Described by "The Boston Globe" as
Instant camera integral instant film, similar to but incompatible with Polaroid's SX-70 film. The film was chemically similar to Polaroid's with the exception that the negative was exposed from the rear and the dye/developers diffused to the front of the photogragh. This alleviated the need for a mirror to reverse the image before it struck the negative. Even so, Polaroid brought a patent-infringement lawsuit against Kodak, and eventually Kodak was forced to stop manufacture of both the camera and film. Kodak was also left to pay a settlement to customers who were left without a way to use their now defunct cameras.