Polaroid Corporation it had asked for. In 1977, Land introduced the Polaroid Instant Home Movie camera named Polavision, based on the Dufaycolor process. However, the product arrived on the market when videotape-based systems were rapidly gaining popularity. Thus it failed to sell well in retail stores and has been described as the swan song for Polaroid. After four decades as chairman, Edwin Land was coerced into resigning and leaving the corporation he had founded. He died in 1991. The "Polavision" debacle eventually caused the company to write off $89 million, including most of the manufactured products. The underlying technology of Polavision was
Polaroid type 55 2008 announced it would cease production of all instant film, filing for bankruptcy protection a second time. In 2009 the business was sold, the new owners announcing instant film production would be licensed out to a smaller company. The chemicals needed to process Polaroid instant film had been stockpiled in case of this eventuality but the licensees announced their intention to redesign and manufacture film on a limited basis under the Polaroid brand that would be compatible with most Polaroid film cameras, using machinery left over from a liquidated factory in the Netherlands. In response, in November 2009, Polaroid announced