Press Releases

New Strategic Purchasing Agreement Makes All Avid Audio and Video Solutions Available to Diversified’s Clients through a Single Source BURLINGTON, Mass. , Aug. 05, 2020 (GLOBE NEWSWIRE) -- Avid ® ( Nasdaq: AVID ) today announced a new strategic purchasing agreement with Diversified , one of the

68% Year-Over-Year Subscription Revenue Growth Driven by Continued Increase in Paid Subscriptions with Net Increase of 24,000 Subscriptions in the Quarter Operating Income Increased 214% Year-Over-Year from Improved Gross Margin and Significantly Reduced Operating Expenses BURLINGTON, Mass. , Aug.

Independent artists and labels can now distribute their music in Dolby Atmos through AvidPlay to Amazon Music and TIDAL BURLINGTON, Mass. , July 29, 2020 (GLOBE NEWSWIRE) -- Longtime partners Avid ® ( Nasdaq: AVID ) and Dolby Laboratories (NYSE: DLB) are breaking new ground for DIY music

MediaCentral 2020 accelerates end-to-end workflow and enables teams to quickly break news across disparate platforms BURLINGTON, Mass. , July 21, 2020 (GLOBE NEWSWIRE) -- Avid ®  ( Nasdaq: AVID ) today announced the immediate availability of MediaCentral ® 2020 , the comprehensive media workflow

BURLINGTON, Mass. , July 20, 2020 (GLOBE NEWSWIRE) -- Avid ® ( NASDAQ: AVID ) , a leading technology provider that powers the media and entertainment industry, today announced that Jeff Rosica , Chief Executive Officer and President, and Ken Gayron , Executive Vice President and Chief Financial

Avid-powered storage and graphics toolkit enables one of Europe’s biggest broadcasters to quickly adapt and deliver creativity as part of technology overhaul BURLINGTON, Mass. , May 19, 2020 (GLOBE NEWSWIRE) -- Avid ® ( Nasdaq: AVID ) today announced that leading broadcaster ITV Studios Daytime

Results Impacted by COVID-19 Global Pandemic and In-Line with April 7 th Business Update Subscription Revenue Growth of 50% Year-Over-Year Drove Double-Digit Growth in Recurring Revenue Management Implemented $40 million Cost Savings Plan to Help Manage Business Through Global Pandemic BURLINGTON,

Strategic Cloud Partners Build on Early Success to Help Media Companies with Content Workflows in the Cloud;  Partners Respond Swiftly to Help Customers Work Remotely Amid the COVID-19 Global Health Pandemic BURLINGTON, Mass. , May 04, 2020 (GLOBE NEWSWIRE) -- Leading media and entertainment

Avid’s freemium strategy attracting whole new generation of content creators to paid subscriptions for the same tools used by the world’s most celebrated professionals BURLINGTON, Mass. , April 27, 2020 (GLOBE NEWSWIRE) -- Avid ® ( Nasdaq: AVID ) today announced that aspiring creative people around

BURLINGTON, Mass. , April 17, 2020 (GLOBE NEWSWIRE) -- Avid (NASDAQ: AVID) today announced that it will host its 2020 Annual Meeting of Stockholders in a virtual format only due to the public health impact of the COVID-19 pandemic and to prioritize the health and well-being of meeting participants.