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Nikon agrees to purchase cinema camera maker Red less than a year after lawsuit

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Red Digital Cinema was founded in 2005 by Jim Jannard, the entrepreneur behind the popular Oakley brand of sunglasses and sportswear. Jannard set out to revolutionize the.
In brief: Nikon has agreed to acquire Red Digital Cinema, the high-end digital cinematography company based out of Foothill Ranch, California. Financial terms of the deal were not shared, but Red will become a wholly-owned subsidiary of Nikon once everything has been finalized.
Red Digital Cinema was founded in 2005 by Jim Jannard, the entrepreneur behind the popular Oakley brand of sunglasses and sportswear. Jannard set out to revolutionize the industry with a digital movie camera that could match the richness and detail of analog film and according to many, he was successful.

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