Instant camera Instant camera The instant camera is a type of camera which uses self-developing film to create a chemically developed print shortly after taking the picture. Polaroid Corporation pioneered (and patented) consumer friendly instant cameras and film, and were followed by various other manufacturers. The invention of commercially viable instant cameras,are which were easy to use, is generally credited to American scientist Edwin Land, who unveiled the first commercial instant camera, the model 95 Land Camera, in 1948, a year after unveiling instant film in New York City. The earliest instant camera, which consisted of a camera and portable wet darkroom
Polaroid Corporation (including the "Polaroid" name itself and non-bankrupt foreign subsidiaries) had been sold to Bank One's One Equity Partners (OEP). OEP Imaging Corporation then changed its name to Polaroid Holding Company (PHC). However, this new company operates using the name of its bankrupt predecessor, Polaroid Corporation. Significant criticism surrounded this "takeover" because the process left executives of the company with large bonuses, while stockholders, as well as current and retired employees, were left with nothing. The company announced a plan that gave the top 45 executives bonuses just for staying at their jobs. Meanwhile, other employees were restricted from selling their