Press Releases

Subscription Revenue of $34.1M , an Increase of 58.7% Year-Over-Year, Driven by Increase of Cloud-Enabled Software Subscriptions to Over 450,300 Annual Recurring Revenue of $231.0M , an Increase of 14.1% Year-Over-Year Net Income per Common Share of $0.16 and Non-GAAP Earnings per Share of $0.26 ,

Companies announce a three-year agreement to enable Amazon Studios’ use of Avid’s Media Composer editing tool, NEXIS storage and MediaCentral platform on Amazon Web Services (AWS) BURLINGTON, Mass. , Aug. 02, 2022 (GLOBE NEWSWIRE) -- Avid Technology (Nasdaq: AVID) and Amazon Studios (Nasdaq: AMZN)

SRT support ensures high-quality, secure streams directly from Media Composer for accelerated content review and approval BURLINGTON, Mass. , July 28, 2022 (GLOBE NEWSWIRE) -- Avid ® ( Nasdaq: AVID ) today announced that the Avid | Edit On Demand ® solution now supports “over-the-shoulder"

MediaCentral subscription solution enables distributed broadcast and digital production teams to collaborate on their workflows from anywhere BURLINGTON, Mass. , July 25, 2022 (GLOBE NEWSWIRE) -- With thousands of stories breaking daily all over the world, distributed TV news and sports production

Management to Participate in Oppenheimer 25th Annual Technology, Internet & Communications Conference BURLINGTON, Mass. , July 20, 2022 (GLOBE NEWSWIRE) -- Avid ® ( NASDAQ: AVID ) , a leading technology provider that powers the media and entertainment industry, announced today that Jeff Rosica ,

New storage engines combine with Avid NEXIS | VFS virtual file system and Avid NEXIS | FLEX subscriptions empowering teams to quickly adapt to the changing needs of today’s media production landscape BURLINGTON, Mass. , July 12, 2022 (GLOBE NEWSWIRE) -- Avid ® ( Nasdaq: AVID ) today unveiled the

BURLINGTON, Mass. , May 30, 2022 (GLOBE NEWSWIRE) -- Avid ® ( Nasdaq: AVID ), the leading media tech innovator for cloud-based content workflows, today announced that its Board of Directors has unanimously elected John P. Wallace as Chair, effective immediately.

With the introduction of Avid NEXIS | Flex subscriptions, media organizations have the option to deploy Avid NEXIS with an OPEX business model, running Avid’s award-winning virtual file system on premises or in the cloud BURLINGTON, Mass. , May 25, 2022 (GLOBE NEWSWIRE) -- As unveiled yesterday

Subscription Revenue of $33.0M , an Increase of 32.5% Year-Over-Year, Driven by Net Increase of 21,200 Paid Subscriptions in the Quarter Total Revenue of $100.6M , an Increase of 6.7% Year-Over-Year Gross Margin of 66.3%, an Increase of 120 Basis Points Year-Over-Year Net Income per Common Share of

New Pro Tools subscription offering for entry-level musicians, plus enhanced functionality and new virtual instruments, for all music and audio post customers BURLINGTON, Mass. , April 26, 2022 (GLOBE NEWSWIRE) -- Avid ® ( NASDAQ: AVID ) today announced that its award-winning audio production