Today BlackMagic Design announced it has acquired Cintel, famous for its range of film and television scanning and restoration tools. The company was started by no less than television pioneer John Logie Baird!
What we find most exciting about today's announcement is not what Blackmagic has acquired, but what it will do with the products and intellectual property after the deal. Who could of thought that before its purchase, DaVinci Resolve would become a free popular standalone grading application?
Now we are not suggesting that BlackMagic are going to reduce the cost of film scanners by a factor of 10, specialised hardware for a niche market is always expensive. Our guess would be is they either incorporate Cintel's grain management, stabilisation and film restoration software into existing products such as Resolve, or produce a new simplified and cheaper to manufacture product that will run the majority of Cintels' restoration products. The acquisition of standards converter company Teranex is a good example here.
Either way, the acquisition is a good fit for BlackMagic as they expand their range of tools for film and video post production. We are going to look forward to IBC 2012 to see what's new on their stand!
Here is the full press release: