Adobe has announced it is to acquire Frame.io, the cloud based video collaboration platform.
Possibly the biggest news in the industry this year, Adobe is to acquire Frame.io for $1.275 billion.
We’ve entered a new era of connected creativity that is deeply collaborative and we imagine a world where everyone can participate in the creative process. With this acquisition, we’re welcoming an incredible customer-oriented team and adding Frame.io’s cloud-native workflow capabilities to make the creative process more collaborative, productive, and efficient to further unleash creativity for all.” - Scott Belsky, Chief Product Officer and Executive Vice President, Creative Cloud
“Frame.io and Adobe share a vision for the future of video creation and collaboration that brings together Adobe’s strength in video creation and production and Frame.io’s cloud-native platform. We’re excited to join Adobe to continue to drive video innovation for the world’s leading media and entertainment companies, agencies and brands.”- Emery Wells, Frame.io co-founder and CEO
Slightly ironic that Adobe buys a company that started off by making a tool for Final Cut Pro.