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Kodak Can Reject Deal for Oscar Theater Rights, Judge Says

Eastman Kodak Co., the photography pioneer that filed for bankruptcy, can reject a deal for naming rights to the theater in Los Angeles that hosts the annual Academy Awards show, a judge ruled.

U.S. Bankruptcy Judge Allan Gropper in Manhattan approved a request today by the company to end the Kodak Theatre sponsorship agreement to save money as it restructures. The approval comes less than two weeks before the film industry’s Oscar awards show, set for Feb. 26.