Polaroid Corporation was an American company that made instant film and cameras, which survives as a brand for consumer electronics. The company was founded in 1937 by Edwin H. Land, to exploit his Polaroid polarizing polymer.[1] Land and Polaroid created the first instant camera, the Land Camera, in 1948.[2]
Land ran the company until 1981. Its peak employment was 21,000 in 1978, and its peak revenue was $3 billion in 1991.[3]
Polaroid Corporation filed for bankruptcy in 2001; its brand and assets were sold off. A successor Polaroid company formed, and the branded assets changed hands multiple times before being sold to Polish billionaire Wiaczesław Smołokowski in 2017. This acquisition allowed Impossible Project, which had started producing instant films for older Polaroid cameras in 2008,[4] to rebrand as Polaroid Originals in 2017, and eventually as Polaroid in 2020.[5] Since the original company's downfall, Polaroid-branded products in other fields, such as LCD televisions and DVD players, have been developed and released by various licensees globally.[6][7]
History
Founding and success
The original Polaroid Corporation was founded in Cambridge, Massachusetts, by Edwin Land and George W. Wheelwright III in 1937.[9][10] It has been described by The Boston Globe as a "juggernaut of innovation", and "the Apple of its time" with a "leader in Edwin Land, a scientist who guided the company as the founding CEO for four decades".[1] Polaroid’s initial market was in polarized sunglasses — spawned from Land’s self-guided research in light polarization. Land, having completed his freshman year at Harvard University, left to pursue this market, resulting in Polaroid's birth. Land later returned to Harvard to continue his research.[11]
Controversy
In 1970, Caroline Hunter and her co-worker, future husband Ken Williams, discovered the involvement of their employer, Polaroid, in the South African apartheid system as the producer of the passbook photos used to identify Black individuals in South Africa. To pressure Polaroid to divest from South Africa, Hunter and Williams created the Polaroid Revolutionary Worker Movement (PRWM).[47] Through the PRWM, Hunter and Williams organized a boycott against the corporation.[48] Consequently, Polaroid banned all sales to the government, including the military and police, and promised to raise wages and increase job training at its distributors. The plan did not pacify the PRWM, however, and, in 1971, Hunter testified before the United Nations advocating a boycott of Polaroid products. Polaroid proceeded to fire both Hunter and Williams. As a result of protests, a community group in Boston donated $10,000 it received from Polaroid to South African liberation movements. In 1977, it became public Polaroid film was being sold by the distributor Frank and Hirsch to the South African government for use in the "passbook" in violation of Polaroid's policy. This ended Polaroid's relationship with its distributor and all direct sales to South Africa.[49]
Other ventures
(diskettes)
In 1985, Polaroid had its own brand of 5 1/4-inch floppy disks,[50] and also a data recovery service.[51] In 1987, The New York Times described it as a major brand.[52] In 1985, The New York Times listed it a notch lower in an almost reverse alphabetical list,[53] and noted "remember that those companies established their reputations by selling other products, not diskettes."
By mid 1991, they stopped selling floppy disks.[54] The packaging used both Polaroid and PerfectData brands
See also
- List of Polaroid instant cameras
- Polacolor
- Polaroid (polarizer) – a light-polarizing material developed by Edwin H. Land
- Polaroid Eyewear
- Success trap
- Zink (technology)
External links
Official websites
Spinoffs
- Wideblue – former specialist design and development department at Vale of Leven plant
Spinoffs
References
- History of Polaroid and Edwin Land Boston.com, The New York Times Company, 2012-10-03, retrieved 2015-01-31^
- History of Polaroid and Edwin Land^
- Polaroid quits instant film Sun Journal, February 9, 2008, retrieved January 12, 2021