Nikon Goes Hollywood, Snaps Up Camera Giant RED In Blockbuster Deal
Nikon, the massive Japanese manufacturer of cameras, has announced a purchase of the entirety of the RED Digital Cinema company. In this stunning move, Nikon will now have access to the patents and other goodies that RED has amassed over time.
Nikon often competes with Canon, which has a similar lineup of consumer cameras that have been popular for decades. Canon also has a more robust cinema camera lineup, something that Nikon currently lacks. The acquisition of RED should surely be followed by some stellar cinema-grade products from Nikon, both with the hardware and software. Having access to the RED patents will be a tremendous help, since the system is already proven and robust.
RED has made some strides into the more affordable consumer cinema market with its RED Komodo camera released a few years ago. Blending a cheaper price point with RED's high image quality, this camera has been very popular with cinema professionals and consumers. RED likely will benefit from being under the wing of such a massive company such as Nikon, which will have more financial resources for future development.