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#11
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Re: LVS to sell AVID
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Focusrite is pretty extended on purchasing (low cost) subsidiaries Novation, Adam Audio, Martin Audio, and Sequential. All in the low million dollar range -- they aren't sent to have capital for the billion dollar range. Universal Audio went through layoffs recently and rethinking their strategy (another company faltering at the moment) None of them have the interest in broadcast/video market which would be needed for Avid.
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Pro Tools Ult 2024.3, HDX 2, MTRX/SPQ, RME BBF Pro + MADIface Pro • S1 x 2, Fire HD10 + Max11, Dock, iPad Air5 • Mac Mini 14,12, 12 core, macOS 13.6.5 • RAM 32GB, SSD 4TB, GPU 19 core • QNAP TVS-872XT 148TB TB3 |
#12
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Re: LVS to sell AVID
I only mentioned it because it was news and I still can't find the amount of stake LVS had in the company.
I have to assume they were the single largest share holder considering how they mentioned it news wise. Ergo the mention of "sale" Honestly the whole mention was odd in how it was framed, and there is just too little detail. Darryl is spot on as with the spike in the shares, someone would need to come in at a premium though paying off debt isn't usually part of the deal. It would just be a restructure with said banks. But beyond that, there is no contract that would force funding for restructuring or product investments. And it is a pipe dream to think out of house engineering would go away, but since Ukraine things have gotten better. If AVID were to come to a position of insolvency, Hollywood would buy it collectively. Between the studios they have enough money and could keep it going. That is the most likely scenario. Post Production development trumps music development by 100's of millions.
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Mac Pro 5,1. 3.46 12 core, 128 gigs ram, 580 GPU flashed Apple EMI, 3 monitors PT Ult 2023.6, OSX 10.14.6, 3 card PCI-e expansion with 3.2 USB Sonnet card. OCTO 8 card, Apollo 8 Quad, UAD quad satellite FW. Almost every plugin |
#13
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Re: LVS to sell AVID
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#14
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Re: LVS to sell AVID
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There isn't a possibility of anti trust at all because there are too many other options. And Film and TV make up a small proportion but heavy dollars. I haven't done enough digging to see LVS position. There is enough of a stake in Hollywood though. When AVID got d-listed I said there might come a point where the studios come together and purchase AVID. And they could do it easily. There is no other option in the Film and TV industry and the US isn't going to just go Nuendo. However, considering the current economic climate and the studios (sans Universal) are looking to find savings. Personally I think if Film and TV owned it, it would grow. Just make sure you keep your licenses up to date.
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Mac Pro 5,1. 3.46 12 core, 128 gigs ram, 580 GPU flashed Apple EMI, 3 monitors PT Ult 2023.6, OSX 10.14.6, 3 card PCI-e expansion with 3.2 USB Sonnet card. OCTO 8 card, Apollo 8 Quad, UAD quad satellite FW. Almost every plugin |
#15
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Re: LVS to sell AVID
No studio is going to buy it. On productions, Avid edit gear is rented in (if only for the creative accounting that's done for film production LLCs.) WB Discovery is cost cutting right now and Disney is shoring up from the losses of (their real money makers) the theme parks from the past years. Studios aren't doing well and the strikes and the restructuring deals (distributors/streamers/networks only wanting in-house productions) already have them all trying to keep shareholder confidence.
And all audio post-production companies are hurting financially to try to pull off something like this (Formosa Group? Todd Soundelux? -- nope.) Studios have been slashing post-production budgets for years -- it's a race to the bottom. No extra capital floating around. If there's one company that could do it, it'd probably be Yamaha. Years (and years and years ago), that was actually on the table in two ways: Avid buying Steinberg and integrating/merging and then later came up, Yamaha buying Avid. And, of course, Yamaha owns Steinberg now. The other thought is Dolby (though I don't know how their financials are doing) and if they suddenly had a preferred DAW, that could hurt their business model.
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Pro Tools Ult 2024.3, HDX 2, MTRX/SPQ, RME BBF Pro + MADIface Pro • S1 x 2, Fire HD10 + Max11, Dock, iPad Air5 • Mac Mini 14,12, 12 core, macOS 13.6.5 • RAM 32GB, SSD 4TB, GPU 19 core • QNAP TVS-872XT 148TB TB3 Last edited by BScout; 05-27-2023 at 12:48 PM. Reason: typo |
#16
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Re: LVS to sell AVID
I won't pretend to know a lot about any of this, but there seems an awful lot of widly fanciful and over-confident speculation. Why do people keep talking about music and audio companies? Quite apart from Avid being better known for video, LVS is an investment management company. Seems more logical to me that these kinds of companies would be more likely buyers.
Every company has a different take and things they are looking for. In the Insider Moneky article, they quote the LVS investment newsletter as saying: Quote:
From my humble perspective, I think Avid's main problem is that it hasn't moved with the times, so less likely to be able to embrace new ways of working, especially around AI. Adobe are vastly more advanced there. I don't know if all investors will be thinking on these lines, but given the huge industry changes that are all around us (not so much the individual performance of a streamer), it would seem a sensible metric to me. In our humble audio sphere, while Avid are adding improvements to marker tracks as a big new feature while Adobe and Descript are spearheading an audio revolution, I do wonder how they will compete.
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Guy Rowland www.guyrowland.co.uk www.sound-on-screen.com - Original audio clips of movies, TV shows and games, licensed as regular production music. PT 2024 Ultimate; W11 Pro; Ryzen 9 7900; 64gb RAM; RME Babyface; UAD Quad Satellite USB; GTX 1050i Macbook Air M2; 24gb RAM |
#17
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Re: LVS to sell AVID
Knowing zilch of balance sheets and even less about high-finance, I hope James Gordon (CEO Audiotonix Group Ltd) lashes out and buys Pro Tools!
Strength in numbers … and a common goal that might breed some magnificent offspring, considering: SSL acquire console designers Harrison Published 13/4/23 https://www.soundonsound.com/news/ss...gners-harrison Harrison 32C Channel - Now You Can Have Good, Fast And Cheap! https://youtu.be/p-hUydxwNkc Mixbus32C™ v9 | Music Production Software https://youtu.be/8_rMKL7L_9M SSL Sold to New Owners Audiotonix December 20th, 2017 by David Weiss https://sonicscoop.com/ssl-sold-new-owners-audiotonix/ Brands owned by Audiotonix https://www.audiotonix.com/our-brands/ Allen & Heath Calrec DigiCo Waves DiGiGrid GROUP ONE Harrison Klang Technologies Slate Digital Solid State Logic (SSL) SOUND DEVICES
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Pro Tools Studio 2024.3 Last edited by unkJE; 05-29-2023 at 01:04 AM. Reason: more info |
#18
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Re: LVS to sell AVID
Maybe these are unrealistic options, as pointed out in the replies, but I agree that SSL or Focusrite would probably make good stewards of the product.
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#19
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Re: LVS to sell AVID
My crystal ball is currently in the shop, so I can only say "this is an interesting conversation."
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~ tom thomas Formerly hobotom Pro Tools Ultimate 2024 HDX Hybrid HD Omni and 192 I/Os Windows 10 Intel Hexcore i7 All Samsung Pro SSDs Ampex MM1200 2" 24 trk tape Outboard: UREI, Eventide, Lexicon, Yamaha, TC Electronics, Orban, ART, EchoAudio, Dolby, Hughes, API, Neve, Audio Arts, BBE, Aphex, Berringer, MOTU, dbx, Allison, etc. Plug-ins: Too many to talk about. www.metrostudios.com |
#20
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Re: LVS to sell AVID
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Within the Film & Television (and game authoring) ecosystem you have folks like Autodesk who clearly could fund an acquisition. Their Media & Entertainment business is under competitive pressure of their own it is hard to see why a company like that would take on Avid with yet another set of challenges. I like the suggestion of Yamaha. Yamaha clearly have the financial power to make this happen, with their consoles and Steinberg acquisition make this interesting but would they be willing to go through all this pain to sort out Pro Tools and Nuendo, and Avid control surfaces and Nuage, and Avid Live and Yamaha Mixers/Consoles. I sure could see them wanting Media Composer's business and overall more USA market share. Again, antitrust is may be an issue. Last edited by Darryl Ramm; 05-27-2023 at 01:07 PM. |
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