Jim Jannard steps down, hands the Red Camera reins to Jarred Land

Jim Jannard steps down, hands the Red Camera reins to Jarred Land

With Red Camera’s industry footing now quite solid, CEO Jim Jannard is relinquishing his position at the helm. Jarred Land, the company’s president, will become the new face of Red. Jannard announced the leadership change in a post today over at Reduser, the forum he’s used to announce everything from a lawsuit against Sony earlier this year to a DSLR replacement that never quite saw the light of day, way back in 2008. Today’s thread, titled “My Final Post,” details Jannard’s nearly eight years at the company he founded, which began with the NAB 2006 debut of Red One and ran through shipping the Dragon upgrade, the component that essentially served to make “Obsolescence Obsolete.” What’s next for Jim? Retirement might be in order, and with upwards of $2 billion in the bank following his sale of eyewear and apparel maker Oakley, he certainly has the financial footing to back some pretty posh R&R.

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Source: Reduser

Red Digital Cinema settles with Arri over email hacking, terms undisclosed

Red Digital Cinema settles with Arri over email hacking, terms undisclosed

One of the strangest corporate espionage stories in recent memory has come to a conclusion with a confidential settlement between cinema cam makers Red and Arri. It started when a former Arri honcho, Michael Bravin, pleaded guilty to hacking into email accounts at his ex-employer, camera distributor Band Pro Film & Digital. Red founder Jim Jannard claimed his personal account was also compromised during the attack and that other Arri executives were aware of it. As a result, Red sued its competitor for “unfair competition based on email hacking, invasion of privacy, conversion, misappropriation of trade secrets and unlawful trade practices, among other charges.” In a post on Red’s user forum, Jannard said “we are very happy with the terms of the settlement with Arri and glad to have this behind us.” He added that a separate suit filed by Band Pro against Arri has yet to be concluded, saying “hopefully they will settle in a way that Band Pro is as happy as we are.” Whether Red will be equally gleeful at the conclusion of its recent clash with Sony remains to be seen.

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Source: RedUser