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
Polaroid Originals products for use in some existing Polaroid cameras, beginning mass production and sales in 2010. They generated USD270,000 in profit on USD4 million in revenue and sold 500,000+ units. In January 2012, the company announced that it and Polaroid would launch a range of collectible products, called The Polaroid Classic range, that originate from different periods of Polaroid's history. Between six and ten products will be released each year. In July 2013, Florian Kaps announced his 'retirement' from the project and Creed O'Hanlon took over the role as CEO. In December 2014, The Impossible Project announced that Oskar Smołokowski would