Nikon is buying RED

Mark this one down as "things I didn't except to see today". Japan based Nikon has announced that it will be acquiring US based RED Digital Cinema. That in its own right isn't particularly interesting, Nikon make cameras, but can't crack the film market, RED make film cameras and are pretty crap at anything else (remember the RED Hydrogen smartphone?). No, the interesting part of this is that less than a year ago RED was suing Nikon for patent infringement. RED claimed Nikon had copied some of their video compression and shoved it in their cameras, but Nikon rebuked this by saying "piss off, it wasn't a real patent anyway" (I'm paraphrasing here). Ultimately the case was thrown out and nothing came of it... or did it? RED's president Jarred Land announced the news on his Instagram with a slapped together shot of the two company logos and a caption "Heh heh heh...". Take that as you will.