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Pro Tools Owners Avid Explores Sale
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Pro Tools Studio 2024.3 * SSL UC-1 * Digidesign Command 8 * TECH 21 SansAmp 2.0 * Xvive U3 2.4Ghz Wireless Microphone * Shure SM57 & Rode NT2-A * Fender 30 & Champ 12 valve amps * M-Audio Axiom Pro 49 * PreSonus Speakers & Monitor Station V2 * Lenovo W520 laptop Type 427637U (32 GB RAM) with extra-Ports Dock + SSDs: 2 @ Samsung T5 + 1 @ Samsung T7 * 3 Screens: 15.6” Laptop + 24” BENQ GL2450-B + Samsung 27” CT550 curved Monitor * best Wife! |
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Re: Pro Tools Owners Avid Explores Sale
Oddly worded headline.
Cute that audio hardware is the scapegoat for missed earnings By the time these things are publicly reported the decision is done. The hedge fund wants out. We can only hope the Avid staff doesn't get screwed (including the fine folks we've gotten to know here)
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~Will |
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Re: Pro Tools Owners Avid Explores Sale
Original article: https://www.reuters.com/article/avid...-idUSL4N37L3R8
Avid stock climbed quite a bit on the possibility of the sale.
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Take your projects to the next level with a non-union national read at reasonable rates Demos: brucehayward dot com SonoBus Source-Connect: brucehayward Options for Remote Direction |
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Re: Pro Tools Owners Avid Explores Sale
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Apple MacBook Pro M2 Max, 96GB ram | Pro Tools HDX | Avid MTRX | Pro Tools Ultimate 2023.12 | macOS 13.6.3 |
#5
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Re: Pro Tools Owners Avid Explores Sale
Relevant.
“…[We bought Avid in 2022 because they were the ‘arms dealer’ of equipment in the streaming wars. The war is now over and Netflix won.]” https://finance.yahoo.com/news/why-l...071731096.html Sent from my iPhone using Tapatalk
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Kerry Smith http://apothekerry.com Mac Studio Ultra : 128GB RAM : Ventura 13.6 : Carbon : PT Ultimate 2023.12 : S1 : Metagrid Pro |
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Re: Pro Tools Owners Avid Explores Sale
Which company would be a suitable buyer?
Can’t think of one at the moment. |
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Re: Pro Tools Owners Avid Explores Sale
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~Will |
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Re: Pro Tools Owners Avid Explores Sale
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Once investors don’t have the feeling they can earn money on your companies stocks, they run away, and then the company falls.
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Apple MacBook Pro M2 Max, 96GB ram | Pro Tools HDX | Avid MTRX | Pro Tools Ultimate 2023.12 | macOS 13.6.3 |
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Re: Pro Tools Owners Avid Explores Sale
The article from Yahoo Finance indicates that LVS Advisory (which is an "boutique" investment portfolio advisory firm) has already sold its stock in Avid...they were the ones that invested in 2021 but now feel like the media streaming wars are over (I also disagree with this, the writers strike has lot of support and streaming is not the golden goose that Netflix thought it was, they've oversold the goose here)...so LVS sells Avid stock...which starts this whole conversation about someone buying up Avid...but I'm not sure that is what is actually going on...
As far as I can tell, with limited financial sleuthing...Avid got a boost in 2021 for streaming venues...but then ran into supply side issues...this would be in the video streaming end of things...and now the streaming flash sale is over and Avid has a few orders pending but nothing else in the big que... I doubt they are getting sold...it would require an investor...and who wants to buy when its underperforming and having these issues? We live mostly on the audio side of the tracks with a few crossovers... I think this doesn't affect us much unless Avid really screwed the pooch and over-extended themselves for streaming... Who knows? |
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Re: Pro Tools Owners Avid Explores Sale
Nobody tell Gibson please.
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~Will |
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