Avid Technology, Inc.
Apr 5, 2014

Avid Unveils Avid MediaCentral Platform, Delivering on Its Strategic Vision for the Future of the Media Industry

Platform Introduction Represents Major Move to Help Creative Professionals and Media Organizations Connect With Their Audiences More Powerfully, Efficiently, and Profitably

LAS VEGAS, April 5, 2014 (GLOBE NEWSWIRE) -- NAB (Booth #SU902) -- Avid® (OTC:AVID) today introduced the Avid MediaCentral Platform—an open, extensible, and customizable common services foundation that delivers on the Avid Everywhere™ strategic vision for the future of the media and entertainment industry. The MediaCentral Platform supports the entire media value chain—from creation to consumption—connecting creative professionals and media organizations with their audiences in more powerful, efficient, collaborative, and profitable ways.

"Across the spectrum of content creation and distribution, media organizations and creative professionals are in a time of unprecedented change," stated Avid President and CEO Louis Hernandez, Jr. "Pressured to create higher-quality content within compressed timeframes, distribute to a growing array of channels and devices, and maximize the value of every asset, their future success depends on being able to aggressively adapt to the new realities of a changing world. The MediaCentral Platform is the foundation that enables our customers to streamline their entire media workflow, from creation to monetization, with greater flexibility and the utmost security and protection."

The MediaCentral Platform streamlines and simplifies workflows by tightly integrating all products and services that run on top of it. The platform provides the utmost security and protection, enabling customers to create and deliver content in smarter, faster, and easier ways—with the Avid and third-party solutions they choose to use. Whether customers use the MediaCentral Platform in a large media enterprise, post-production facility, educational institution, recording studio, small editing suite, or their own home studio, they can easily add to and customize their platform functionality with optional services and components to meet their needs.

The MediaCentral Platform provides the following shared services:

To provide easy access to the platform, Avid has introduced Avid MediaCentral | UX (formerly Interplay Central), the front-end user interface to the MediaCentral Platform, providing a unified experience, whether customers choose to use a software application or web browser to interact, or work from a laptop, desktop computer, or mobile device. MediaCentral | UX currently works with Interplay | Production and iNEWS—with support for third-party expansion coming soon—enabling producers, editors, assistants, loggers, and other team members to contribute to the creative process without having to be in the facility.

By fostering an open approach, the MediaCentral Platform puts an end to the workflow silos currently prevalent throughout the media industry. It provides a standardized foundation that connects media creators and distributors together, regardless of who makes the tools they use. This fundamentally changes how media organizations and professionals operate, providing greater flexibility to choose solutions and easily customize and scale complete end-to-end workflows tailored to meet specific needs.

About Avid

Through Avid Everywhere™, Avid delivers the industry's most open, innovative, and comprehensive media platform, connecting content creation with collaboration, asset protection, distribution, and consumption for the most listened to, most watched, and most loved media in the world—from the most prestigious and award-winning feature films, music recordings, and television shows, to live concerts and news broadcasts. Industry leading solutions include Pro Tools®, Media Composer®, ISIS®, Interplay®, and Sibelius®. For more information about Avid solutions and services, visit www.avid.com, connect with Avid on FacebookTwitterYouTubeLinkedInGoogle+; or subscribe to Avid Blogs.

© 2014 Avid Technology, Inc. All rights reserved. Avid, the Avid logo, Avid Everywhere, iNEWS, Interplay, ISIS, Media Composer, Pro Tools, and Sibelius are trademarks or registered trademarks of Avid Technology, Inc. or its subsidiaries in the United States and/or other countries. The Interplay name is used with the permission of the Interplay Entertainment Corp. which bears no responsibility for Avid products. All other trademarks are the property of their respective owners.

CONTACT: PR Contact:

         Avid

         Amy Paladino

         amy.paladino@avid.com

         617.733.5121