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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Avid Technology, Inc.    AVID

AVID TECHNOLOGY, INC.

(AVID)
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Avid Technology : Most Compact and Portable VENUE | S6L Control Surface, New VENUE Software and Free App Now Available

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02/12/2019 | 01:06pm EDT

Burlington, MA, 2/12/2019

Users get an affordable control surface with the power and functionality of Avid's largest VENUE | S6L consoles

Avid® (Nasdaq: AVID), the leading technology provider that powers the media and entertainment industry, announced the immediate availability of its Avid VENUE™ | S6L-16C control surface, part of the expanded Avid VENUE | S6L unified live sound platform. This new S6L system component gives users the most compact, portable and affordable control surface with the same power and functionality as the largest VENUE | S6L consoles, providing sound companies and performance venues with greater flexibility to configure the perfect system to meet any production, space or budget requirement. Avid has also released VENUE 6.1 software, which introduces numerous enhancements, including redundant Pro Tools recording, as well as the new free VENUE | Function Pad iOS app that enables users to remotely control their S6L snapshots and events.

The fully modular Avid VENUE | S6L delivers best-in-class functionality for a wide range of applications including front-of-house, monitor, broadcast, and theater. Avid VENUE | S6L is the industry's only live sound platform that offers 100% software, hardware and show file compatibility, enabling engineers to scale systems up or down to meet their changing requirements for control, processing, and I/O. Because the VENUE | S6L platform features the same VENUE software and workflows across every model, engineers are presented with an identical user experience regardless of system configuration, allowing them to focus on helping their artist to deliver the best performance possible.

Avid VENUE | S6L-16C

Avid's VENUE | S6L unified live sound platform gives sound companies and performance venues greater flexibility to configure the perfect system to meet any production, space or budget requirement. The new VENUE | S6L-16C, which is now shipping, is the most compact and affordable control surface of the S6L unified live sound platform, providing powerful performance and proven S6L workflows in a highly portable, streamlined package.

Featuring 16 faders and 32 assignable knobs, S6L-16C is ideal for corporate events and any live application where space is tight. Users can configure a new system-or scale down an existing setup-and bring the incredible sound, performance, and efficiency of S6L to the smallest venues.

Avid VENUE 6.1 software

The latest VENUE software gives users easy and quick access to a host of parameters and views with just a single touch, increasing efficiency. New VENUE software features include:

  • 128 tracks of redundant Pro Tools recording per system over Ethernet AVB.
  • One-touch access to any channel with the Attention on Fader soft key.
  • Custom encoder layouts with the Encoder Assign feature.
  • Expanded view of Aux Sends in the VENUE software for fast access and better visibility into all aux assignments and statuses.
  • VCAs Trim Aux Sends function that enables users to quickly trim or boost multiple Aux Send levels of different mix groups, such as all drums or background vocals, with a single fader while in Sends on Faders mode.

Remote control of S6L functions with Avid VENUE | Function Pad

The new free Avid VENUE | Function Pad iOS app provides users with wireless remote control of S6L's powerful function switches, allowing engineers and sound designers to organize, navigate, and trigger their VENUE snapshots and events from anywhere in the performance venue using their iPhone or iPad. By displaying all available function switch assignments in a grid of tiles that can be customized for easy navigation, users simply tap a tile to trigger anything from Pro Tools recording and playback, to theater cues and other events. Users can even connect multiple iOS devices running the VENUE | Function Pad app to a single S6L system simultaneously to support a variety of front of house, monitor, and collaborative live production workflows.

For more information about the Avid VENUE | S6L unified platform, VENUE 6.1 software or the Avid VENUE | Function Pad app, visit www.avid.com/S6L.

About Avid

Avid delivers the most open and efficient media platform, connecting content creation with collaboration, asset protection, distribution, and consumption. Avid's preeminent customer community uses Avid's comprehensive tools and workflow solutions to create, distribute and monetize the most watched, loved and listened to media in the world-from prestigious and award-winning feature films to popular television shows, news programs and televised sporting events, and celebrated music recordings and live concerts. With the most flexible deployment and pricing options, Avid's industry-leading solutions include Media Composer®, Pro Tools®, Avid NEXIS®, MediaCentral®, iNEWS®, AirSpeed®, Sibelius®, Avid VENUE™, FastServe®, Maestro™, and PlayMaker™. For more information about Avid solutions and services, visit www.avid.com, connect with Avid on Facebook, Instagram, Twitter, YouTube, LinkedIn, or subscribe to Avid Blogs.

© 2019 Avid Technology, Inc. All rights reserved. Avid, the Avid logo, Avid NEXIS, FastServe, AirSpeed, iNEWS, Maestro, MediaCentral, Media Composer, PlayMaker, Pro Tools, Avid VENUE, and Sibelius are trademarks or registered trademarks of Avid Technology, Inc. or its subsidiaries in the United States and/or other countries. All other trademarks are the property of their respective owners. Product features, specifications, system requirements and availability are subject to change without notice.



Red Lorry Yellow Lorry (Avid's PR agency)
Alex Humphries-French-UK
Tanya Roberts-USA
avid@rlyl.com



Disclaimer

Avid Technology Inc. published this content on 12 February 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 February 2019 18:05:07 UTC

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Financials ($)
Sales 2019 425 M
EBIT 2019 50,3 M
Net income 2019 12,8 M
Debt 2019 -
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020
Capi. / Sales 2019 0,77x
Capi. / Sales 2020 0,74x
Capitalization 325 M
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Technical analysis trends AVID TECHNOLOGY, INC.
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Income Statement Evolution
Consensus
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Mean consensus UNDERPERFORM
Number of Analysts 3
Average target price 5,33 $
Spread / Average Target -31%
Managers
NameTitle
Jeff Rosica Senior Vice President-Worldwide Field Operations
Nancy Hawthorne Chairman
Kenneth Gayron Chief Financial Officer & Executive Vice President
Rashid Desai Chief Technology Officer & Senior Vice President
Tim Claman Chief Technology Officer & VP-Product Management
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