Avid Ex CEO Now Resigns As Director

20 May

SCRI's NewsBriefs

News headlines for broadcast, pro and streaming media sectors, worldwide

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Avid has reported via a Form-8K filing with the SEC that ex Chairman and CEO, Gary Greenfield has now also resigned as a director of the company.  The statement went on to say that the departure was “not a result of any dispute.”  This in contrast to the February announcement of Greenfield’s departure as Chairman and CEO which appeared to be somewhat rocky, based on the 8K filing with the SEC statement at the time that Greenfield would “release claims against the company” on payment of $1M + in salary and benefits” (Avid Switches CEO’s on Heels of Declining Revenue Trend)

Autodesk Q1 Down Across the Board

20 May

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Autodesk reported a Q1 decline in revenue across the board, with  an 8% decline in Media & Entertainment division revenue, to $47M million, compared to Q1 in 2012.

These results are in contrast to the positive Q4 results releases in February (Autodesk Reports Annual Revenue Up 14% ) where the company reported a 14% revenue growth across the board, with a 7% increase in the Media & Entertainment division.

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Chyron Cuts Staff After Posting Continued Q1 Loss

10 May

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Chyron has announced a 2013 Q1 net loss of $917K, compared to a $951K net loss in 2012; this in spite of a 2% overall revenue increase. In fact, only product revenue increased (3%); in contrast, services revenue declined (2%).  A week earlier, the company announced a board approved reorganization plan to reduce operating expenses by cutting twenty employees, with severance pay and benefits. [...]

Cloud-based storage usage varies by vertical market

8 May

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Cloud-based storage or other cloud-based software applications received much attention at NAB 2013 but how much of that is hype and how much is real in the broadcast pro video space? SCRI has conducted a comprehensive global survey of broadcasters and pro video facilities with Broadcast Engineering Magazine and tracked how these facilities are dealing with a wide range of new technologies in a new Broadcast Technology Report

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Harris Broadcast Cutting Staff

30 Apr

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In December 2012 Harris pulled the plug on it’s Broadcast Division which was sold to an industry outsider, Gores Group (Harris Sells Broadcast Division to Industry Outsider ). The question at the time was what would happen to the new Harris Broadcast. SCRI polled broadcast execs for their thoughts on the future of the newly formed company (Harris BCD Poll Results & Comments and  Update: Harris BCD Post Acquisition by Gores Group) [...]

Avid Replace CFO Amid Financial Troubles

28 Apr

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A month after receiving a letter from Nasdaq saying the company is in danger of being delisted(Avid Gets More Bad News ), Avid has named a new CFO to replace Ken Sexton, who has held the role for the past five years.  This follows on the heels of the not so amicable replacement of CEO Gary Greenfield in February (Avid Switches CEO’s on Heels of Declining Revenue Trend ) [...]

Post NAB Hype vs Metrics?

24 Apr

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Now that NAB 2013 and all the product announcements and technology discussions are behind us, it is time to sort the hype from the metrics.  To this end, SCRI has now completed all of its thirty plus 2013 Market and Product Reports covering the broadcast, pro video, digital film and content creation vertical markets. [...]

Sony Goes After RED…the plot thickens

11 Apr

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The RED litigation saga continues with Sony now filing a patent litigation suit against RED last Friday. This follows RED’s successful settlement of a lawsuit in March against ARRI  (RED vs. ARRI Lawsuit Settled ) and the patent infringement claim against Sony in February (RED goes after SONY) [...]

Cautious Optimism for 2013 Broadcast Pro Video Sectors

2 Apr

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SCRI has been tracking expectations among broadcast, pro video and digital cinema and content providers regarding business conditions and equipment budgets for 2013 – SCRI 2013 Broadcast, Pro Video, Digital Cinema, Digital Content Market & Product Reports. The general consensus is one of cautious optimism for improved business conditions as well as increased equipment budgets.  Read article for survey data. [...]

Avid Gets More Bad News

24 Mar

SCRI's NewsBriefs

News headlines for broadcast, pro and streaming media sectors, worldwide

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Following on the heels of  Avid’s recent postponement of Q3 earnings (Avid Postpones Q3 Earnings Release) as well as the replacement  of CEO Gary Greenfield  (Avid Switches CEO’s on Heels of Declining Revenue Trend), Avid has now announced more bad news… a potential delisting from the NASDAQ Stock Exchange.

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