It redefined the media industry and is still the gold standard. Today, Avid is reshaping the entire media value chain with powerful technology for creating, managing, storing, distributing and monetizing film, television and music.
Our tools and platforms empower more than a million users and thousands of media enterprises to tell powerful stories and build better businesses. With enhanced collaboration, advanced automation, end-to-end integration and workflow orchestration, Avid today helps aspiring artists, creative professionals, production teams and media enterprises to thrive in the digital era.
Our team of more than 1, employees across the globe are passionate about executing flawlessly to support our customers and their projects. Avid has a reputation for delivering innovation that provides advantages to every participant in media and entertainment.
With Avid, our customers modernize their workflows, standardize their infrastructure, optimize their operations and maximize the value of their content Our technology has earned us some thrilling recognition along the way, including two Oscars, a Grammy and 16 Emmys. Our creative tools, platforms and solutions are used by the best and most celebrated media professionals and artists to create their award-winning films, videos, music recordings, TV shows, news broadcasts and live concerts.
At the Academy Awards, every winner and nominee for film editing, sound editing, sound mixing, and original score was an Avid user. We believe working together is the best way to navigate the challenges and maximize the opportunities in this fast-moving era of digital media and entertainment.
Just like our customers, our colleagues are creative and inventive, using Avid products for their passions —making movies, music, and more. This makes our mission more personal and real and our work more meaningful and fun. Together we create innovative products and solutions and provide the support our customers need to achieve success—however they define today and in the future. This industry-standard file format permitted the exchange of digital media among different platforms and applications.
Meanwhile, Media Suite Pro 2. The company was positioned to provide the broadcast industry with tools to help it make the transition from analog to digital. Avid's latest system would allow a video image to exist as a digital computer signal, from the time it entered a studio, through editing, and finally through a transmitter, thus virtually eliminating the need for video tape.
In addition to saving money, the Avid film editing system gave film editors more creative freedom and the ability to edit quickly. For home video enthusiasts, Avid introduced VideoShop 2. Other products included NewsCutter, a news editing system; Media Recorder, a VCR replacement; and AvidNet, a networking system for sending video between different programs.
Together, AvidNet and MediaServer created an integrated, networked audio, video, and film environment. Along with increased demand for Avid's Media Composer nonlinear editing system came a demand for training on the system. Avid set up a program to designate selected companies as Avid Authorized Education Centers.
Media Composer was used by post-production companies, advertising agencies, and other corporations. At the November Comdex trade show and exhibition, Avid announced Media Suite Pro for Windows, one of the first nonlinear professional video production tools for Windows. Included in the system were video-capture, compression, and audio boards and an SCSI-2 disk controller.
The system would run on a based PC with 20 megabytes of RAM, a three-gigabyte or larger hard drive, and a pair of speakers. The acquisition formed the basis for Avid's new professional audio products group, which would be headed by Digidesign President and CEO Peter Gotcher. Avid also acquired Parallax Software Inc.
Avid introduced its disk-based camera technology at the April convention of the National Association of Broadcasters. Following the introduction, Avid's stock jumped nearly six points, an increase of about 20 percent.
The company also announced plans for its new nonlinear online suite called Media Spectrum. The system provided full-resolution, uncompressed digital image quality and was based on SGI's Onyx platform. Other new products introduced in included Avid's CamCutter camera for TV and cable news reporting that recorded images on a computer disk rather than on film. Later in the year Avid released its bit Real Impact for Windows NT package, which let users create digital video content for multimedia presentations, CD-ROMs, information kiosks, interactive training, and Internet distribution, as well as for videotapes.
Advanced Charting. Company Info Avid Technology Inc. Employees 1, Sales or Revenue Description Avid Technology Inc. Key People Avid Technology Inc. Michelle C. Paula E. Daniel B. Kevin W. Peter Miles Westley Chairman. Munson Independent Director. Christian Alejandro Asmar Independent Director. Nancy Hawthorne Independent Director. Robert Marc Bakish Independent Director. Elizabeth Monk Daley Independent Director.
Boggs Independent Director. Tom J. Timothy Claman. Garrard Brown. Kevin W. Alex Sukennik. VP of Corp.
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