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Kodak already spun off its chemical company.

They seem to be doing pretty well. https://en.wikipedia.org/wiki/Eastman_Chemical_Company

Somewhat surprisingly, they’ve also successfully diversified into high-end skincare, applying their chemical expertise to moisturizer forumulations and whatnot.

Film chemistry involves a lot of emulsions does it not?

Yes, exactly. Apparently the chemistry for film emulsion is very similar to what’s needed for skin applications. I think a lot of companies would not be so forward-thinking, so I give them a lot of credit here.

Fujifilm's digital cameras are also doing great these days in a somewhat surprising comeback.

Perhaps not so surprising: Fuji was producing excellent film cameras and lenses in the 1980s and 1990s, whereas Kodak was not.