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 Originals in February 2008 that it would stop producing film for Polaroid cameras. The founders are Florian Kaps, André Bosman and Marwan Saba. In June 2008, Kaps and Bosman met at the Polaroid factory’s closing event and decided to found a company to produce materials for Polaroid cameras. In October 2008, Impossible bought the production machinery from Polaroid for $3.1 million and leased a building, called Building Noord, which was formerly part of the Polaroid plant in Enschede, Netherlands. The company has offices in Vienna, Berlin, New York and Tokyo. It leased the Polaroid production plant and developed new instant film