Kodak executive Steven Overman said it was a 'privilege' to bring back Ektachrome film. It is known for a particular look with very fine grain, good contrasts and clean colours.
The brand was developed in the 1940s and allowed photographers to perform processing techniques in their dark rooms, particularly for slides.
Kodak is currently working on a new kind of emulsion that meets new environmental regulations before it relaunches the film. Mr Overman said: "We are seeing a broad resurgence of excitement about capturing images on film.
"Kodak is committed to continuing to manufacture film as an irreplaceable medium for image creators to capture their artistic vision. We are proud to help bring back this classic." Dennis Olbrich, president of the imaging, paper, photo chemicals and film division at Kodak Alaris, which took over Kodak's film photography businesses, told Time magazine said that he was not sure if its most famous brand, Kodachrome, will be brought back - but conceded it was "much more likely" others would return first.
He said that the rise in sales "gave us some confidence to start to look at what films would we consider to bring back into the marketplace".
Kodak was founded in 1888 in Rochester, New York, by inventor and entrepreneur George Eastman, with its famous slogan "You press the button, we do the rest".
In 1963 the hugely successful Instamatic camera was released.But it was unable to adapt to the digital age and in 2012 filed for bankruptcy.
It launched its first digital camera in 2015 - but it failed. Last year Kodak tried again with the Kodak Ektra - a £449 smartphone running Google's Android operating system with all the functionality of a digital single-lens reflex (DSLR) camera.
In 2016, British vinyl record sales rose 53 per cent, according to the British Phonographic Industry. Some record shops have even started stocking cassettes again - as consumers want them back.