Having worked longtime for a minicomputer company--which actually survived longer than most mostly because of some storage innovations along with some high-end Unix initiatives--it's really hard. You can't really kick a huge existing business to the curb. Or otherwise say we're going to largely start over.
Kodak was not actually in a position to be big in digital. And, of course, the digital camera manufacturers mostly got eclipsed by smartphones anyway a decade or so later.
Kodak was well aware of what was going to happen. Company culture killed digital photography.
I was at Apple when we worked with engineers from Kodak who were working to change various format standards to allow digital photos. This was in the late 1980s or early 1990s.
At that time our son was using it for games. He goes away to college and came home for the first school break. I get a phone call from our internet provider asking if our son was home. I was so shocked and handed the phone to our son.
Apparently at that time bittorrent was optimizing for the most efficient path to a host. Since we had relatively good connection, the mighty weight of the internet was funnelling through our tiny internet provider to our son's computer. The provider (without our knowing it) had made a deal with our son that he would only turn on bittorrent between midnight and 6 AM. I doubt other providers would be so generous.
I have been sceptical of bittorrent since that day.