Avid Technology

Avid Technology, Inc. engages in the provision of technology services for media and entertainment industry. It develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management and distribution. The company was founded by William J. Warner in September 1987 and is headquartered in Burlington, MA.

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Avid Technology reports strong FY 2022 performance and eyes subscription growth

Avid Technology delivered solid financial performance in FY 2022, driven by robust subscription revenue growth and operational efficiency.
The company's strategic initiatives, including Pro Tools Intro and enterprise subscription agreements, position it well for continued growth in 2023.
While facing challenges in hardware business diversification and SaaS migration, Avid Technology remains focused on improving profitability and cash flow.
Opportunities lie in sustained subscription revenue growth, innovation-driven value delivery, and expanding partnerships to drive business expansion.

Avid Technology reports robust Q1 performance, focuses on subscription growth

Avid Technology's Q1 2023 earnings call reflects a resilient performance marked by strong subscription revenue growth, proactive cost-saving measures, and strategic initiatives to drive subscriber expansion. Despite challenges in the audio hardware segment and supply chain constraints, the company remains focused on achieving improved profitability and cash flow in the second half of the year. Avid's long-term growth model targets creative and enterprise subscriptions, aiming for higher gross profit margins and enhanced EBITDA margins over time.

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Avid Technology, Inc. engages in the provision of technology services for the media and entertainment industry. It develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management, and distribution. The company was founded by William J. Warner in September 1987 and is headquartered in Burlington, MA.

BURLINGTON, Mass., Nov. 21, 2023 (GLOBE NEWSWIRE) --  Leading media and entertainment technology provider Avid ® has signed a multi-year subscription agreement with Icelandic state broadcaster RÚV to upgrade its server platform to Avid | Stream IO ™, Avid's new ingest and playout solution.

Icelandic State Broadcaster RÚV Upgrades Production Capabilities with New Avid | Stream IO

BURLINGTON, Mass., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Avid Technology, Inc. (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced the completion of its acquisition by an affiliate of STG in an all-cash transaction valued at approximately $1.4 billion. The acquisition was previously announced on August 9, 2023, and approved by Avid stockholders on November 2, 2023.

STG Completes Acquisition of Avid Technology

Record TV, one of Brazil's leading TV broadcasters, has upgraded its audio post-production studios with Avid's Pro Tools | HDX and MTRX Studio interfaces.

Brazil's Record TV Upgrades Studios with Avid Audio Solutions to Power Top TV Broadcasts

BURLINGTON, Mass., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Avid ® (Nasdaq: AVID) is continuing its mission to help more people gain skills for successful careers in the entertainment industry as the first technology Founding Partner of the Roybal School of Film and Television Production Fund, which was established by George Clooney, Grant Heslov and Creative Artists Agency's Bryan Lourd, to support The Roybal Film and Television Production Magnet, a specialized academy created to drive transformational change across the industry by building a more inclusive pipeline of historically underrepresented college- and career-ready students pursuing below-the-line careers in film and television.

Avid Joins Roybal School of Film and Television Production Magnet

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Avid Technology, Inc. (NasdaqGS: AVID) to an affiliate of STG. Under the terms of the proposed transaction, shareholders of Avid will receive $27.05 in cash for each share of Avid that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the c.

AVID TECHNOLOGY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Avid Technology, Inc. - AVID

New iPad app and added capability to Pro Tools desktop software enables musicians to quickly capture new ideas and experiment with arrangements anywhere New iPad app and added capability to Pro Tools desktop software enables musicians to quickly capture new ideas and experiment with arrangements anywhere

Avid Unveils Pro Tools Sketch for Modern Music Creators and to Expand Pro Tools Workflows

International production labels across 11 countries and part of ITV PLC, which includes the UK's biggest commercial broadcaster, sign new subscription deal to upgrade editing and storage workflows International production labels across 11 countries and part of ITV PLC, which includes the UK's biggest commercial broadcaster, sign new subscription deal to upgrade editing and storage workflows

ITV Studios' International Production Arm Extends Partnership with Avid to Standardize and Streamline Post-Production Workflows

UK's biggest commercial broadcaster signs subscription deal to modernize news editing, storage and management workflows UK's biggest commercial broadcaster signs subscription deal to modernize news editing, storage and management workflows

ITV Partners with Avid to Upgrade Its National and Regional News Production Systems

Tighter Pro Tools integration with Media Composer and prominent partner tools accelerate production of rich audio experiences for TV and film Tighter Pro Tools integration with Media Composer and prominent partner tools accelerate production of rich audio experiences for TV and film

Avid Brings Next Wave of Audio Production Innovations to IBC2023 Show

New product introductions and demonstrations harness artificial intelligence and third-party integrations to accelerate television, film and news production workflows New product introductions and demonstrations harness artificial intelligence and third-party integrations to accelerate television, film and news production workflows

Avid Unveils Innovations at IBC2023 Show to Drive the Open and Collaborative Future of Media Production

Now available, and to be featured at the IBC2023 Show, Avid | Stream IO delivers unparalleled speed, adaptable media format support and flexible deployment Now available, and to be featured at the IBC2023 Show, Avid | Stream IO delivers unparalleled speed, adaptable media format support and flexible deployment

Avid Launches Stream IO Subscription-based Ingest & Playout Platform for Next-Generation Media Production

Latest software release provides cutting-edge functionality to speed up chord notation workflows Latest software release provides cutting-edge functionality to speed up chord notation workflows

Avid Augments Sibelius with AI-powered Auto-complete Chord Symbols

Technology Vendors and Customers Can Integrate Apps and Services Directly into Media Composer to Streamline Workflows Technology Vendors and Customers Can Integrate Apps and Services Directly into Media Composer to Streamline Workflows

Avid Launches Media Composer Panel Software Development Kit to Propel Third-Party Innovation for Media's Top Editing Tool

Avid's newly available PhraseFind AI and ScriptSync AI enable editors to focus on the quality of content, eliminate redundant tasks and accelerate project delivery

Avid Showcases the Power of AI-Driven Capabilities in Media Composer to Enhance Creative Intelligence

Avid brings a Europe-focused Learning Summit to London's Ravensbourne University on September 9, offering students and educators a free full-day program with connections to industry leaders Avid brings a Europe-focused Learning Summit to London's Ravensbourne University on September 9, offering students and educators a free full-day program with connections to industry leaders

Avid Learning Summit London Tackles the Skills Gap in Media and Entertainment Industry

New unlimited patching possibilities enable audio engineers to elevate their vision for live production New unlimited patching possibilities enable audio engineers to elevate their vision for live production

Avid's VENUE 7.2 Audio Software Gives Live Sound Engineers Greater Command of Their Shows

Global broadcaster signs multi-year agreement to upgrade to Avid's global tech platform and subscription tools Global broadcaster signs multi-year agreement to upgrade to Avid's global tech platform and subscription tools

Al Jazeera Extends Relationship with Avid to Enable Subscription and SaaS Cloud-Based Production for Thousands of Users Around the World

Get fresh backstories and inspiration through Avid-produced interviews and profiles of gifted editors competing across comedy, drama, reality and other award categories Get fresh backstories and inspiration through Avid-produced interviews and profiles of gifted editors competing across comedy, drama, reality and other award categories

Avid Artists Interviews Shine a Light on Emmy® Award-nominated Editors from the Avid User Community

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Avid Technology, Inc. (NASDAQ: AVID) to an affiliate of STG for $27.05 in cash per share is fair to Avid shareholders. Halper Sadeh encourages Avid shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Avid and its b.

AVID Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Avid Technology, Inc. Is Fair to Shareholders

Avid Technology (AVID) came out with quarterly earnings of $0.22 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.26 per share a year ago.

Avid Technology (AVID) Meets Q2 Earnings Estimates

Although the revenue and EPS for Avid (AVID) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Avid (AVID) Q2 Earnings

Total revenue of $108.5 million, an increase of 11.1% year-over-year or 13.0% at constant currency Subscription Annual Recurring Revenue (ARR) of $154 million at quarter end, an increase of 27.0% year-over-year, and total ARR of $248 million, an increase of 7.1% year-over-year Subscription revenue of $44.4M, an increase of 30.2% year-over-year, driven by a net increase of 17,700 Active Paid Software Subscriptions in the quarter, including continued growth in enterprise subscriptions BURLINGTON, Mass., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced its financial results for the second quarter of 2023, which ended on June 30, 2023.

Avid Technology Announces Q2 2023 Results

Stockholders to Receive $27.05 Per Share in Cash Transaction Represents 32.1% Premium to Avid's Unaffected Share Price on May 23, 2023 Avid to Become a Privately Held Company Upon Completion of the Transaction BURLINGTON, Mass., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced that it has entered into a definitive agreement to be acquired by an affiliate of STG in an all-cash transaction valuing Avid at approximately $1.4 billion, inclusive of Avid's net debt.

Avid Technology Enters into Definitive Agreement to Be Acquired by an Affiliate of STG for $1.4 Billion

BURLINGTON, Mass., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, announced today that Jeff Rosica, Chief Executive Officer and President, and Ken Gayron, Chief Financial Officer and Executive Vice President, will host a conference call on Wednesday, August 9, 2023, at 5:30 p.m. ET to discuss the company's earnings for the second quarter of 2023, ended June 30, 2023, which will be published after the market closes that day. Investors are invited to register for the Zoom video webinar by visiting https://ir.avid.com/events-and-presentations. A replay will be available for a limited time by visiting the Events & Presentations page on Avid's investor relations website.

Avid Technology Announces Conference Call to Discuss Second Quarter 2023 Financial Results

Avid hosts free full-day program July 29 at Musicians Institute in Los Angeles to prepare talented creative people for work in film, TV and music production Avid hosts free full-day program July 29 at Musicians Institute in Los Angeles to prepare talented creative people for work in film, TV and music production

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