Polaroid Corporation to design the Impossible Project mass market instant camera. Polaroid Corporation Polaroid is an American company that is a brand licensor and marketer of its portfolio of consumer electronics to companies that distribute consumer electronics and eyewear. It is best known for its Polaroid instant film and cameras. In 2017, its parent company was acquired by Polish investor Oskar Smołokowski. The company was founded in 1937 by Edwin H. Land, to exploit the use of its Polaroid polarizing polymer. Land ran the company until 1981. Its peak employment was 21,000 in 1978, and its peak revenue was $3 billion in
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