Welcome to our dedicated page for Avid Technology news (Ticker: AVID), a resource for investors and traders seeking the latest updates and insights on Avid Technology stock.
Avid Technology, Inc. (NASDAQ: AVID) delivers cutting-edge solutions for media production and content management, serving professionals across film, TV, music, and news. This page aggregates official announcements and verified updates about the company’s strategic initiatives, product developments, and industry partnerships.
Investors and media professionals will find timely updates on product launches like Avid | Stream IO, financial developments including the Symphony Technology Group acquisition, and strategic collaborations such as the ITV News workflow modernization. Educational outreach efforts like the Roybal Learning Center partnership are also documented here.
All content is curated to provide a comprehensive view of Avid’s evolving role in media technology. Bookmark this page for streamlined access to earnings reports, innovation announcements, and operational milestones that shape the digital content landscape.
Avid has launched the Works with Avid On Demand program, enhancing workflow capabilities for customers by integrating certified tools and applications from various third-party vendors. The program debuted with 12 partners, expanding Avid | Edit On Demand, a cloud-based editorial solution, with features like file ingest and remote content review.
Tim Claman, Avid’s SVP, emphasized the program's flexibility, allowing users to customize their workflows as needed. Notable partners include Adobe, Microsoft, and EVS, contributing to enhanced collaboration in media production. The program aims to streamline workflows for media organizations, particularly in film, television, and sports.
Avid (NASDAQ: AVID) has expanded its partnership with GBH, enhancing audio production capabilities at The OutPost, GBH's award-winning facility. A second Avid S6™ console has been introduced to improve collaboration in audio mixing. This upgrade allows mixing engineers to work on complex sessions more efficiently, meeting tight deadlines while supporting various formats, including Atmos. Throughout the pandemic, GBH leveraged Avid's enterprise solutions, transitioning more than 75 edit suites to remote access, maintaining seamless collaboration through advanced cloud technologies. Additionally, GBH upgraded its Avid storage to 1.5 petabytes, ensuring interoperability among editing platforms and bolstering cloud-based workflows.
Avid has launched the Avid NEXIS | Cloud Nearline Storage to offer cost-effective data storage solutions for content creation teams. This service is designed to complement the Avid | Edit On Demand cloud-based SaaS solution, enabling users to store and access large volumes of shared content more affordably. The nearline storage tier reduces per-terabyte costs compared to traditional online storage while maintaining easy accessibility for long-term assets like camera originals and stock footage. This move positions Avid NEXIS as an industry standard for collaborative content creation, enhancing flexibility and efficiency for media production teams.
FAQ
What is the market cap of Avid Technology (AVID)?
