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Nikon buys Red Digital Cinema, will jump into the pro video space
Nikon wants to "accelerate expansion" into the pro digital camera market.
In the early days, the company was a pioneer in 4K digital filmmaking (see Peter Jackson's 48 fps film The Hobbit as a famous example), but since then, the competition has caught up. Red has a wide-ranging patent covering compressed RAW video and has been suing everyone under the sun over it. Nikon, Sony, Apple, and Kinefinity were all hit with lawsuits and all ended up either not shipping compressed RAW or signing some kind of agreement (presumably paying royalties or cross-licensing) with Red.
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