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Avid Technology - AVID STOCK NEWS

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.

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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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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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Avid extends agreement with Al Jazeera to transition to cloud-based subscription service and upgrade production operation
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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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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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Avid Technology

Nasdaq:AVID

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1.19B
40.31M
7.2%
86.04%
2.61%
Software - Application
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United States
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