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Post by guitfiddler on May 26, 2023 10:27:41 GMT -6
Anyone hear anything about this, or have the inside scoop? I’m hoping this is good for the people using their products…
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ericn
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Post by ericn on May 26, 2023 10:39:51 GMT -6
It’s not a done deal yet.
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Post by drumsound on May 26, 2023 12:04:53 GMT -6
Who's buying?
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Post by lowlou on May 26, 2023 12:12:10 GMT -6
Cockos !
nop ok sorry, I'm out !
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ericn
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Post by ericn on May 26, 2023 12:21:52 GMT -6
The Article just says LVS, but the only LVS I know owns casinos! |
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Post by chessparov on May 26, 2023 12:47:43 GMT -6
Sure it's not CVS?
Chris
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Post by Quint on May 26, 2023 13:06:42 GMT -6
Elon is going to buy Avid, and then delay compensation in PT is going to quit working.
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Post by tasteliketape on May 26, 2023 13:07:49 GMT -6
LVS is an investment company that bought Avid 2 years ago and is now selling
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ericn
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Post by ericn on May 26, 2023 13:31:38 GMT -6
LVS is an investment company that bought Avid 2 years ago and is now selling Ah should have checked the date on what I read. |
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Post by sirthought on May 26, 2023 14:22:02 GMT -6
ChatGPT is considering it, with a module required with subscription to help write the music for you.
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Post by drumsound on May 26, 2023 16:36:34 GMT -6
Elon is going to buy Avid, and then delay compensation in PT is going to quit working. I thought it already didn't work. |
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Post by drbill on May 26, 2023 17:09:00 GMT -6
Elon is going to buy Avid, and then delay compensation in PT is going to quit working. I thought it already didn't work. Works perfectly here.... Go Avid!!!!! |
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Post by brenta on May 26, 2023 21:35:23 GMT -6
It will be interesting to see what happens, if anything.
Avid is publicly traded, so it is their board that is trying to sell it. No potential buyers have been publicly identified, but whoever buys it will have to pay at least the current $1 billion market cap and would acquire Avid's $200 million in debt. They would need to have a master plan on how to make the company much more profitable than it has been, and would need the necessary capital to put that plan in action.
That kind of cash means it would probably have to be one of the big boys, like Adobe, Apple, Samsung, or similar. Adobe and Apple already have video and audio software. There's a chance nobody buys it.
IMO, best scenario for us would be if Avid spun-off Pro Tools from their video stuff and sold it to a 100% music-focused company. I thought the company's products and service were a lot better in all regards before Avid acquired Digi.
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Post by sirthought on May 27, 2023 10:36:57 GMT -6
It may be notable the Gannon, who worked for Pro Tools in its very early beginnings, then went to Universal Audio, has now been back with Avid for a few years. I think updates with Carbon and MTRX might be him making some things more competitive with UA, which is funny because he was brought in to UA to make them more competitive with Pro Tools.
I think PT might have been better for audio guys when it was just on its own, but now that the audio and video software has been so tied in together I'm not sure how they would spin it off. Who keeps the rights to what?
I don't think any business like this should be publicly traded. What's good for investors on that scale will never be good for fast industry risk taking and bold moves. Maybe they just aren't that kind of company anymore now that digital is the main thing.
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ericn
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Post by ericn on May 27, 2023 11:33:56 GMT -6
As far as breaking up AVID, let’s take a look back for some perspective. AVID itself was at least 30% of direct business for Digi and it was estimated that indirectly over 50%. The intergrated eco system is its biggest selling point.
The next owner will probably be another investment found that thinks it’s smarter then the current owner rather than an audio or video company. Sony or Panasonic would make the most sense, maybe either Uhli or SSL wants to be in the video business or the Guys at RED find someone with more money than brains and looks at Blackmagic and says “ we could be a one stop solution.”
Just remember audio isn’t where the $ is, it’s video.
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Post by christopher on May 27, 2023 13:44:42 GMT -6
It will be interesting to see what happens, if anything. Avid is publicly traded, so it is their board that is trying to sell it. No potential buyers have been publicly identified, but whoever buys it will have to pay at least the current $1 billion market cap and would acquire Avid's $200 million in debt. They would need to have a master plan on how to make the company much more profitable than it has been, and would need the necessary capital to put that plan in action. That kind of cash means it would probably have to be one of the big boys, like Adobe, Apple, Samsung, or similar. Adobe and Apple already have video and audio software. There's a chance nobody buys it. IMO, best scenario for us would be if Avid spun-off Pro Tools from their video stuff and sold it to a 100% music-focused company. I thought the company's products and service were a lot better in all regards before Avid acquired Digi. Instead of trying to make $100 a year off 1 million users, they could focus on $10/year on 100 million users. And grow from there. They are the Coca Cola of recording software. Blowing it |
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Post by drbill on May 27, 2023 14:57:41 GMT -6
I've heard of AVID's demise so many times that I don't have enough fingers (and maybe toes) to even count the times. And yet......
Here we are.
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Post by Ward on May 27, 2023 15:35:45 GMT -6
I've heard of AVID's demise so many times that I don't have enough fingers (and maybe toes) to even count the times. And yet...... Here we are. Indeed, here we are . . . again. I wish the original Digidesign guys could buy it back and make protools great again! It's still great but you know what I mean, I hope. |
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Post by trakworxmastering on May 27, 2023 17:07:57 GMT -6
make protools great again! Hey, let's print up some red baseball caps. I have a good friend at Avid here in Da Bay. There've been recent layoffs and "looking at offers". Possible changes to "company structure". All up in the air right now. Change can be a good thing... or not... We'll see... |
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Post by gmichael on May 27, 2023 17:23:02 GMT -6
Goldman Sachs is brokering with the new buyer. Avid is 88% owned by shareholders. Shareholders only concern themselves with most current fiscal year.
It's been held together by rubber bands and blue tack for a decade.
There is no chance the big competitors will buy it and if they did, it would only be to put the assets in to "managed decline" status and sell off physical assets real property et al what can produce an immediate wad of cash.
The hardware end is burnt toast. The software assets and copyrights most likely will be term leased out over being sold off.
The problem for Protools users is that this is just 1 tooth on the bigger cog that is Avid, and it's not the centre piece jewel of the Avid Crown.
Most likely it's real estate and intellectual property and copyrights, patents are.
Support for large commercial clients like Paramount Mirimax tv stations broadcasters etc will probably become a 3rd party provider who has non exclusive access to the software for support reasons only.
Avid will be most missed by the small brick and mortar private businesses that are upside down investing in trying to be in step with commercial studios. The cost of accessing support might be the final nail for some.
While I don't think the unwinding of the Avid empire will happen overnight, the writing is on the wall and the same type of investment firms that left EMI dismantled for garbage on the road side will be key players in this deal.
To them it's just about returns, which Avid does not have the best history of delivering.
I'll take bets of up to 50 cents this all plays out in the next 24-36 months.
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Post by gmichael on May 27, 2023 17:32:17 GMT -6
It will be interesting to see what happens, if anything. Avid is publicly traded, so it is their board that is trying to sell it. No potential buyers have been publicly identified, but whoever buys it will have to pay at least the current $1 billion market cap and would acquire Avid's $200 million in debt. They would need to have a master plan on how to make the company much more profitable than it has been, and would need the necessary capital to put that plan in action. That kind of cash means it would probably have to be one of the big boys, like Adobe, Apple, Samsung, or similar. Adobe and Apple already have video and audio software. There's a chance nobody buys it. IMO, best scenario for us would be if Avid spun-off Pro Tools from their video stuff and sold it to a 100% music-focused company. I thought the company's products and service were a lot better in all regards before Avid acquired Digi. Instead of trying to make $100 a year off 1 million users, they could focus on $10/year on 100 million users. And grow from there. They are the Coca Cola of recording software. Blowing it It's an intentional tactic to bloat the optic value of shares. I agree, none with the liquid capital to consider a buyout have fallen for this tactic to date. Unsure of what kind of tax status has staved off the imminent layoffs to this point but that parlour trick has most likely been played one too many times already. Avid aren't new to executive decisions misreading the room or the market. The shareholders will make the calls now.
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Post by drumsound on May 27, 2023 17:34:34 GMT -6
I've heard of AVID's demise so many times that I don't have enough fingers (and maybe toes) to even count the times. And yet...... Here we are. Truer words have never been uttered here. |
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Post by drbill on May 27, 2023 22:19:58 GMT -6
Goldman Sachs is brokering with the new buyer. Avid is 88% owned by shareholders. Shareholders only concern themselves with most current fiscal year. It's been held together by rubber bands and blue tack for a decade. There is no chance the big competitors will buy it and if they did, it would only be to put the assets in to "managed decline" status and sell off physical assets real property et al what can produce an immediate wad of cash. The hardware end is burnt toast. The software assets and copyrights most likely will be term leased out over being sold off. The problem for Protools users is that this is just 1 tooth on the bigger cog that is Avid, and it's not the centre piece jewel of the Avid Crown. Most likely it's real estate and intellectual property and copyrights, patents are. Support for large commercial clients like Paramount Mirimax tv stations broadcasters etc will probably become a 3rd party provider who has non exclusive access to the software for support reasons only. Avid will be most missed by the small brick and mortar private businesses that are upside down investing in trying to be in step with commercial studios. The cost of accessing support might be the final nail for some. While I don't think the unwinding of the Avid empire will happen overnight, the writing is on the wall and the same type of investment firms that left EMI dismantled for garbage on the road side will be key players in this deal. To them it's just about returns, which Avid does not have the best history of delivering. I'll take bets of up to 50 cents this all plays out in the next 24-36 months. I've been hearing that pretty much verbatim since 2000/2001 - and yet...... AVID has more lives than the proverbial cat with 9 lives.... |
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Post by gmichael on May 28, 2023 1:46:20 GMT -6
Goldman Sachs is brokering with the new buyer. Avid is 88% owned by shareholders. Shareholders only concern themselves with most current fiscal year. It's been held together by rubber bands and blue tack for a decade. There is no chance the big competitors will buy it and if they did, it would only be to put the assets in to "managed decline" status and sell off physical assets real property et al what can produce an immediate wad of cash. The hardware end is burnt toast. The software assets and copyrights most likely will be term leased out over being sold off. The problem for Protools users is that this is just 1 tooth on the bigger cog that is Avid, and it's not the centre piece jewel of the Avid Crown. Most likely it's real estate and intellectual property and copyrights, patents are. Support for large commercial clients like Paramount Mirimax tv stations broadcasters etc will probably become a 3rd party provider who has non exclusive access to the software for support reasons only. Avid will be most missed by the small brick and mortar private businesses that are upside down investing in trying to be in step with commercial studios. The cost of accessing support might be the final nail for some. While I don't think the unwinding of the Avid empire will happen overnight, the writing is on the wall and the same type of investment firms that left EMI dismantled for garbage on the road side will be key players in this deal. To them it's just about returns, which Avid does not have the best history of delivering. I'll take bets of up to 50 cents this all plays out in the next 24-36 months. I've been hearing that pretty much verbatim since 2000/2001 - and yet...... AVID has more lives than the proverbial cat with 9 lives.... This marks the first time that it's gone so far as to hire a wall street broker to get this done. All the rumours have been surrounding AVID because of the speculation investors have long tried it on to see what can be made of AVID's worth [to themselves]. The rumours originate from AVID!
The speculation investors no longer need the tech investors to seek a deal, apparently.
I hear you, and I've listened as well but this looks very very different.
The problem I see is that no one still wants their technology or see value in their IP. Too many competitors have entered the market and no one is facing collapse if AVID no longer is around. It would be another thing if AVID were intrinsic to the continuation of media and production corporations and industry.
No one will miss a beat if AVID dismantles for the sake of sale proceeds,imo.
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Deleted
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Post by Deleted on May 28, 2023 5:58:39 GMT -6
I've been hearing that pretty much verbatim since 2000/2001 - and yet...... AVID has more lives than the proverbial cat with 9 lives.... This marks the first time that it's gone so far as to hire a wall street broker to get this done. All the rumours have been surrounding AVID because of the speculation investors have long tried it on to see what can be made of AVID's worth [to themselves]. The rumours originate from AVID!
The speculation investors no longer need the tech investors to seek a deal, apparently.
I hear you, and I've listened as well but this looks very very different.
The problem I see is that no one still wants their technology or see value in their IP. Too many competitors have entered the market and no one is facing collapse if AVID no longer is around. It would be another thing if AVID were intrinsic to the continuation of media and production corporations and industry.
No one will miss a beat if AVID dismantles for the sake of sale proceeds,imo.
only those studios invested in the dead on arrival in the programming world HDX hardware. No developer wanted to code dsp plugins for a new chip after going native except for UAD who stuck to their UAD2 SHARCS as an expensive dongle. Avid should’ve went fully native with good interfaces right away to compete with Lynx and Apogee and crush the lofi likes of RME and Focusrite. |
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