Avid 2011 Revenue Down
9 Feb
Avid reported that revenues for 2011 were $677.9 million, compared to revenues of $678.5 million for the same period in 2010. This continues the downward trend in reported annual revenues since 2007.
Tag Archives: Avid
Avid Targets Ipad Users
2 Feb
Avid just announced the release of its first video editing application for the iPad—Avid Studio. The app will run on iPad only, though Avid says it’s exploring other mobile operating systems. Avid Studio for iPad costs $4.99 to start; after 30 days, the price will jump to $7.99. That’s still much less than what other current desktop editing applications cost, including Avid’s own Avid Studio ($129.99), Adobe Premiere Elements ($99.99), Apple’s Final Cut Pro X ($299.99), and Sony’s Vegas Movie Studio HD Platinum ($59.95).
Avid Struggles to Reverse Downward Trend
9 Nov
Declining Revenue
Avid reported revenues for the nine-month period ended September 30, 2011 were $492.6 million, compared to revenues of $483.2 million for the same period in 2010, a marginal increase of 1.9%. However going back five years to 2007, this represents a 26.6% decline in Q3 revenues. Looking at annual revenues, Avid further cut its full-year 2011 revenue outlook to $665-$675 million from its previous estimates of $690-$710 million, citing restructuring charges and challenging macro environment. Based on this estimate, Avid’s five year trend in annual revenue has declined by 37%.
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SCRI Partners with Digital Video Expo
19 Aug
SCRI once again has partnered with Digital Video Expo. FOr full ist of partners go to: http://dvexpo.com/conference/sponsorsandpartners.php?cat=18
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