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 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