3M will merge with Ford Motor Co. to create a new integrated film company, according to a filing with the Securities and Exchange Commission.
3M said in the filing that the company is merging with Ford, Ford Motor Group LLC and Kodacom Inc., as part of the Ford Vision project.
The merged company will be led by CEO Mike Ford and will be based in Palo Alto, California.
3Minute, a maker of video, audio and video-on-demand content, will continue to operate under its existing business, the company said.
The company also will merge its film and photo services businesses, and 3Minutes’ film, video and photo content businesses will merge.
3D Vision is expected to begin releasing its new video product in 2020, 3Minuses said.
3m, founded in 1988, is one of the largest video companies in the world.
The 3M unit has a global footprint with more than 5,000 locations in more than 150 countries.
3 Minus, the maker of 3-D printers, said the merger is expected at a time when 3-M’s business is under increasing pressure from a number of competitors, including GoPro, Amazon.com Inc., and Snapchat Inc. 3 minutem, 3m film, 3minutes, 3-Minute film, blended film source Getty Images 3 minumute, 3d film, film, blurred film source AFP