In February 2008, Polaroid (under the control of Thomas J Petters of Petters Group Worldwide) announced it would cease production of all instant film; the company will shut down three factories and lay off 450 workers. Sales of chemical film by all makers have dropped by at least 25% per year in this decade, and the decline is likely to accelerate. Fujifilm is now the only remaining supplier of instant film in the United States.