Well, the "rest of the story" is that by then, around 1982, the sales of pack film had dropped off to the point it wasn't economical for Kodak to have machinery built to automate film pack, er, packing. Polaroid had always done it that way.
I agree, it *should* be pretty simple -- in the dark, machinery sticks each negative to the tab/backing, collates tab/negative sets in numeric order (probably from different strip lines -- so each machine has a roll of tabs numbered, say, "12", and you have sixteen tab-sticking machines to make sixteen exposure film packs, plus one with the "dark slide" tab), staples the backing at a corner that's pre-notched to make it pull out predictably, then bends the stack over a bar, slides it off the end of the bar, and stuffs the ends into the pack on each side of the pack's pivot bar, finally latching the film end to the inside of the pack. I'd expect the packs to be blow-molded plastic these days, rather than metal (lighter, FAR cheaper, and they wouldn't take a permanent bend if dropped), but the pivot bar would probably still have to be metal, or at least a metal tube over a plastic post, for stiffness. They *should* be a good bit cheaper to put together than Polaroid packs, because there's no print, chemical pod, or need to interleave things with the double-tab system that Polaroid requires.
Given I can buy 3x4 Polaroid for just over $1 per exposure, I'd think 4x5 pack film could be made competitive with major brand 4x5 sheet film -- *if* there were a market. With modern adhesives (easier to cleanly remove the film from the backing -- heck, a masking tape paster like the one in 120 would be just about perfect), materials (very thin, completely opaque tab material like that used for 120 backing, blow-molded black plastic pack box), and equipment (computer controlled, IR machine vision systems to ensure the parts are all going together properly in the dark, IR night vision inespection), the only thing really preventing it is the capital cost of setting up a new film cutting/packaging line in days when film has been seen as waning.
Ilford might be the ideal company to approach about this, or find out who rolls the 120 for companies like Freestyle, that rebrand film (assuming it's not the original manufacturer -- I think not, because .EDU Ultra uses a different spool from Foma branded 120) -- heck, I'd *love* to be able to shoot pack film in my Speed Graphic; I could carry enough film and advance rapidly enough to use it as a real press camera. One *could* even package color that way, though I don't know if there are enough who do their own C-41 to make that practical.
An alternative might be to produce a roll film back to fit International slide-lock camera backs, that uses 4 inch wide film and has a rapid advance with a longish roll. If you have capacity for, say, twenty feet of film, that'd be about 48 exposures, equivalent to three packs of film on a roll a couple inches in diameter. Packed with paper cap and tail like 220, you could load and unload in daylight, even...
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