Nikon Is Acquiring RED – digitalcameras.ie

In a shock announcement, Nikon is buying the cinema digicam producer RED, one of many foremost skilled cinema digicam corporations at the moment, and making it one in all their subsidiaries. Nikon says that this determination will assist with “accelerating enlargement in [the] skilled digital cinema digicam market.”

In 2022, RED sued Nikon for infringing on its video compression-related patents. The lawsuit was dismissed in April 2023, and now, lower than a 12 months later, Nikon has taken the shock transfer of buying RED outright.

The total press launch from Nikon is reproduced beneath. For now, any additional particulars on how RED’s expertise might seem in future Nikon cameras or vice versa – and the way this will influence RED’s cameras with a Canon RF mount – are pure hypothesis. However I’m fairly excited to see Nikon take this step contemplating the continued development of cinema within the digicam market. With this transfer, Nikon is not only one of many high nonetheless digicam corporations at the moment, however one of many high cinema digicam corporations at the moment.

Accelerating Enlargement in Skilled Digital Cinema Digicam Market

March 7, 2024

TOKYO – Nikon Company (Nikon) hereby publicizes its entry into an settlement to amass 100% of the excellent membership pursuits of RED.com, LLC (RED) whereby RED will turn into a wholly-owned subsidiary of Nikon, pursuant to a Membership Curiosity Buy Settlement with Mr. James Jannard, its founder, and Mr. Jarred Land, its present President, topic to the satisfaction of sure closing circumstances thereunder.

Since its institution in 2005, RED has been on the forefront of digital cinema cameras, introducing industry-defining merchandise corresponding to the unique RED ONE 4K to the cutting-edge V-RAPTOR [X] with its proprietary RAW compression expertise. RED’s contributions to the movie {industry} haven’t solely earned it an Academy Award however have additionally made it the digicam of alternative for quite a few Hollywood productions, celebrated by administrators and cinematographers worldwide for its dedication to innovation and picture high quality optimized for the very best ranges of filmmaking and video manufacturing.

This settlement was reached on account of the mutual needs of Nikon and RED to satisfy the shoppers’ wants and supply distinctive person experiences that exceed expectations, merging the strengths of each corporations. Nikon’s experience in product improvement, distinctive reliability, and know-how in picture processing, in addition to optical expertise and person interface together with RED’s information in cinema cameras, together with distinctive picture compression expertise and shade science, will allow the event of distinctive merchandise within the skilled digital cinema digicam market.

Nikon will leverage this acquisition to develop the fast-growing skilled digital cinema digicam market, constructing on each corporations’ enterprise foundations and networks, promising an thrilling way forward for product improvement that can proceed to push the boundaries of what’s doable in movie and video manufacturing.