Nikon Has Announced the Acquisition of Rival Camera Manufacturer

by | Mar 7, 2024 | News | 1 comment

Japanese camera manufacturer Nikon Corporation has announced its entry into an agreement to acquire 100% ownership of California based, LLC (RED). RED will become a wholly-owned subsidiary of Nikon per a purchase agreement with RED Founder Jim Jannard and Jarred Land, its current President, subject to certain closing conditions.

Since its establishment in 2005, RED has been a revolutionary force in the once staid motion picture camera manufacturing business. From the original RED ONE 4K to the latest V-RAPTOR [X], RED Digital Cinema cameras have become an important player in the industry, having shot hundreds of motion pictures and earning a Scientific and Technical Academy Award in 2017. Nikon’s vast expertise in product development, reliability, and in image processing, as well as optical technology will now interface with RED’s image compression technology and color science.

The acquisition comes about a year after RED’s lawsuit against Nikon for patent infringement on its video compression technology was dismissed. RED had sued Nikon in 2022 for allegedly copying its data compression tech in a firmware update for Nikon’s Z9 camera. Nikon responded by challenging the legitimacy of RED’s patents, and the case was dismissed last April.

Read the full press release issued by Nikon on March 7, 2024 here:

1 Comment

  1. mike

    RED hit a wall a few years ago…they need a much better chip design team…maybe Nikon can be it…ARRI is still much better


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