It’s official! Nikon Corporation has officially announced its plans to acquire 100% of RED.com, LLC. Surprising news, right? We thought so too.

Keep in mind that this story is still developing, so be sure to check back for updates. RED Digital Cinema has been making waves in our industry recently. They recently partnered with ARRI to create a custom V-RAPTOR XL camera for use with ARRI DNA glass in the upcoming Tron: Ares movie. Shortly after that, they introduced the V-RAPTOR [X], the first cinema camera with an 8K Vista Vision sensor featuring global shutter technology. And now, out of nowhere, it turns out that yellow is taking over red.

This might be even more unexpected considering that just two years ago, the two companies were locked in a legal battle over in-camera compressed RAW patents.

With rumours abound, scroll down to read the two press releases from both Nikon and RED respectively.

Nikon’s official Press Release below

Accelerating Expansion in Professional Digital Cinema Camera Market

Nikon to Acquire US Cinema Camera Manufacturer RED.com, LLC

TOKYO – Nikon Corporation (Nikon) hereby announces its entry into an agreement to acquire 100% of the outstanding membership interests of RED.com, LLC (RED) whereby RED will become a wholly-owned subsidiary of Nikon, pursuant to a Membership Interest Purchase Agreement with Mr. James Jannard, its founder, and Mr. Jarred Land, its current President, subject to the satisfaction of certain closing conditions thereunder.

Since its establishment in 2005, RED has been at the forefront of digital cinema cameras, introducing industry-defining products such as the original RED ONE 4K to the cutting-edge V-RAPTOR [X] with its proprietary RAW compression technology. RED’s contributions to the film industry have not only earned it an Academy Award but have also made it the camera of choice for numerous Hollywood productions, celebrated by directors and cinematographers worldwide for its commitment to innovation and image quality optimized for the highest levels of filmmaking and video production.

This agreement was reached as a result of the mutual desires of Nikon and RED to meet the customers’ needs and offer exceptional user experiences that exceed expectations, merging the strengths of both companies. Nikon’s expertise in product development, exceptional reliability, and know-how in image processing, as well as optical technology and user interface along with RED’s knowledge in cinema cameras, including unique image compression technology and color science, will enable the development of distinctive products in the professional digital cinema camera market.

Nikon will leverage this acquisition to expand the fast-growing professional digital cinema camera market, building on both companies’ business foundations and networks, promising an exciting future of product development that will continue to push the boundaries of what is possible in film and video production.

RED Digital Cinema’s Official Press Release:

RED DIGITAL CINEMA ANNOUNCES IT WILL BE ACQUIRED BY NIKON CORPORATION

In a landmark move, RED Digital Cinema (RED.com, LLC), is excited to announce it will be acquired by Nikon Corporation (Nikon). The agreement with Nikon, reached with RED’s Founder Jim Jannard and President Jarred Land, signifies a new era of innovation and excellence in the professional filmmaking sector.

This strategic partnership brings together Nikon’s extensive history and expertise in product development, know-how in image processing, as well as optical technology and user interface, with RED’s revolutionary digital cinema cameras and award-winning technologies.

For over 17 years, RED has been at the forefront of digital cinema, introducing industry-defining products such as the original RED ONE 4K to the cutting-edge 8K V-RAPTOR X, all powered by RED’s proprietary REDCODE RAW compression. RED’s contributions to the film industry earned a Scientific and Technical Academy Award®, and their cameras have been used on Oscar®-winning films. RED is the choice for numerous Hollywood productions and is celebrated by directors and cinematographers worldwide for its commitment to innovation and image quality optimized for the highest levels of filmmaking, documentaries, commercials and video production.

This acquisition marks a significant milestone for Nikon, melding its rich heritage in professional and consumer imaging with RED’s innovative prowess. Together, Nikon and RED are poised to redefine the professional digital cinema camera market, promising an exciting future of product development that will continue to push the boundaries of what is possible in film and video production.

Stay tuned for more updates as Nikon and RED embark on this exciting journey to shape the future of cinema technology.