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.
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.
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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.
