Nikon completed the acquisition of US cinema camera manufacturer RED. As a final step of the acquisition process, RED’s President Jarred Land and RED’s founder James Jannard became advisors. Keiji Oishi from Nikon’s Imaging Business Unit, assumed the role of the new CEO of RED, and Tommy Rios, Executive Vice President of RED, moved into the role of Co-CEO. Full press text: Nikon Completes Acquisition of US Cinema Camera Manufacturer RED.com, LLC April 12, 2024 Nikon Corporation (Nikon) hereby announces that as of April 8th, it has successfully acquired 100% of the outstanding membership interests of RED.com, LLC (RED), which offers revolutionary digital cinema cameras and award-winning technologies. Upon RED becoming a wholly owned subsidiary, RED’s President Jarred Land became a close Advisor to the company, along with RED’s founder James Jannard. Keiji Oishi, of Nikon’s Imaging Business Unit, assumed the role of CEO and Tommy Rios, Executive Vice President of RED, moved into the role of Co-CEO. “Welcoming RED, a company that has been at the forefront of innovative technology, to the Nikon family is sure to expand the possibilities of imaging expression, and further delight the market with its innovation,” comments Hiroyuki Ikegami, Executive Vice President and General Manager of Nikon’s Imaging Business Unit. “Combining the best of both companies and working together to develop new, distinctive products, is our goal and for the brand to remain the choice for fans of Nikon and RED, and possibly reach out to an even wider audience.” “I believe it...
Published By: Nikonrumors - Friday, 12 April, 2024