Welcome to our dedicated news page for Avid Technology (Ticker: AVID), a resource for investors and traders seeking the latest updates and insights on Avid Technology.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Avid Technology's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Avid Technology's position in the market.
Rhea-AI Summary
Avid announces commercial availability of Avid | Stream IO, a flexible subscription-based software platform for production ingest and playout of TV content. Broadcasters like CNBC-TV18 and BQ Prime are signing up. Avid | Stream IO supports IP and SDI streams, cloud and IP workflows, and offers complete deployment flexibility. It will support all common production formats and emerging IP standards. The platform is cost-effective compared to traditional hardware-based systems.
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0.19%
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Avid releases Sibelius 2023.8 with auto-complete chord symbols feature
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Avid introduces Media Composer Panel SDK to expand custom and third-party app integrations, streamlining workflows
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Avid announces next generation AI-driven capabilities in its video editing solutions Media Composer PhraseFind AI and ScriptSync AI, improving search efficiency and expediting project timelines
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Avid announces Europe-focused Learning Summit in London on September 9, aiming to connect students, educators, and jobseekers with industry leaders in film, TV, and music production.
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Avid announces the availability of its Avid VENUE 7.2 software update, providing more routing capabilities for the Avid VENUE | S6L mixing console. Users can now seamlessly patch any input source to any input channel, giving engineers unlimited patching flexibility. The update also includes advanced and flexible routing capabilities, enhancing creative freedom for users. Avid customers are already experiencing the benefits of the update. Avid's innovations in live sound also include the addition of Soothe Live for S6L, addressing common problems in mixing live sound. The Avid VENUE 7.2 software update is now available.
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-0.26%
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Avid extends agreement with Al Jazeera to transition to cloud-based subscription service and upgrade production operation
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News
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Avid launches Avid Artists pages to celebrate Emmy-nominated editors, highlighting their use of Media Composer and Pro Tools.
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Avid (AVID) reported total revenue of $108.5 million, an increase of 11.1% year-over-year, driven by strong growth in enterprise subscription revenue. Subscription Annual Recurring Revenue (ARR) reached $154 million, up 27.0% year-over-year, with total ARR at $248 million, up 7.1% year-over-year. Subscription revenue increased by 30.2% year-over-year, driven by a net increase of 17,700 Active Paid Software Subscriptions. However, the company announced a definitive agreement to be acquired by an affiliate of STG for $1.4 billion.
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0.41%
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Avid, a leading technology provider for the media and entertainment industry, has entered into a definitive agreement to be acquired by an affiliate of STG in an all-cash transaction valued at approximately $1.4 billion. Under the terms of the agreement, Avid stockholders will receive $27.05 in cash for each share of Avid common stock, representing a premium of 32.1% over the unaffected closing share price on May 23, 2023. The transaction is expected to close during the fourth quarter of 2023.
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Rhea-AI Sentiment
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0.41%
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Avid Technology, Inc.
Nasdaq:AVID
AVID Rankings
AVID Stock Data
1.19B
33.58M
7.2%
86.04%
2.61%
Computer Storage Device Manufacturing
Manufacturing
US
Burlington
About AVID
behind award-winning films, videos, music recordings, tv shows, live concerts and news broadcasts is avid everywhere — providing content creators with the tools to make, manage, store, distribute and monetize content. the avid mediacentral platform is an open, extensible and customizable foundation that streamlines your entire workflow. it offers four suites: artist, media, storage and studio. the artist suite allows users to create audio, video and graphics with proven and trusted creative tools. with the media suite, users can manage, distribute and monetize media with powerful collaborative systems. the storage suite allows users to capture, store, protect and play media with high-performance systems. and with the studio suite, users can captivate and engage viewers with in-studio and sports enhancement tools. whether you’re in audio and music production, broadcast and media, or video production, avid addresses your key needs and provides a more efficient way of working.