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Dint be so dramatic man .
They're stopping Velvia 100F which nee-one liked anyway, and Velvia 50 in large formats (will still be available in 35mm and 120). Were that many people using it in 4x5 and 8x10 sheets? A shame to see any film disappear, but it's inevitable that some products will disappear, as they always have done, and there are still loads of film stocks out there and supposedly growth in some parts of the market so I wouldn't be surprised to see more new emulsions coming out too.
I do suspect E6 is on borrowed time overall like, now only Fuji are really left making any. I'd give it a good 10 years at least though, in 35mm and 120 sizes. C41 and B&W have decades left IMO. And even when formats have died out, like Polaroid or 110, someone has come along and revived them (eg Impossible Project). Too much love out there for film for it to disappear.
Reading the comments at the bottom of the article, there is a suggestion that it might just be Fujifilm UK that is stopping the supply, not that Fuji is stopping production. Suggests it's much cheaper getting it direct from US anyway. Then again they mention Astia, which was discontinued first in the UK, but I believe has also bitten the dust now anyway. So maybe it is just the beginning of the end for Velvia, rather than the end itself.
Think that's a good thing, hopefully it'll end up in the right hands of someone who wants to make a success (albeit on a smaller scale) of it. As Mr. Hesford says, the Harman buyout have made a reasonable success from taking over Ilford so it's not out of the realms of possibility.
I think the Ilford/Harman example is proof of this not being the case, along with the Impossible project reintroducing Polaroid film and making a massive success of it so far:either that or specialist companies can't compete with multi-conglomerate monsters