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Avid Sells Off A Chunk Of Their Product Line
02 Jul 2012 16:31 #10776
by BenB
Avid Sells Off A Chunk Of Their Product Line was created by BenB
thenextweb.com/media/2012/07/02/avid-has...sinesses-to-inmusic/
"That means that Corel will now sell Avid Studio for PC, Avid Studio for iPad, Pinnacle Studio HD Ultimate Collection, Pinnacle Studio HD and the Dazzle video hardware product line including Dazzle Video Creator Platinum HD."
"...the company announced that it has sold its AIR Software Group (an audio software and technology development team) and M-Audio (the world’s largest manufacturer of keyboard controllers) to inMusic, a new company that is comprised of premier brands including Akai Professional, Alesis, Alto Professional, ION Audio, Numark and Sonivox."
"That means that Corel will now sell Avid Studio for PC, Avid Studio for iPad, Pinnacle Studio HD Ultimate Collection, Pinnacle Studio HD and the Dazzle video hardware product line including Dazzle Video Creator Platinum HD."
"...the company announced that it has sold its AIR Software Group (an audio software and technology development team) and M-Audio (the world’s largest manufacturer of keyboard controllers) to inMusic, a new company that is comprised of premier brands including Akai Professional, Alesis, Alto Professional, ION Audio, Numark and Sonivox."
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03 Jul 2012 01:05 #10816
by runaway
Replied by runaway on topic Re: Avid Sells Off A Chunk Of Their Product Line
As I recall they sold a chunk of their business that generated $91 million last year for $17 million.
Sounds like a bargain or maybe they realised it really wasn't worth that much?
Sounds like a bargain or maybe they realised it really wasn't worth that much?
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