"Nikon's Acquisition of RED: Implications for the Cinema Industry"

Nikon is acquiring RED Digital Cinema, a US camera manufacturer known for its digital cinema cameras, in a move to expand into the professional digital cinema camera market. The exact terms of the deal were not disclosed, but RED will become a wholly-owned subsidiary of Nikon. The acquisition follows RED's lawsuit against Nikon for patent infringement, which was dismissed last year. Nikon aims to leverage RED's expertise in cinema cameras and color science to redefine the professional digital cinema camera market.