In a press release today, Avid announced the sale its consumer divisions along with a restructuring that together will result in a 20% staff reduction, and an intensified focus on professional markets. Consumer video (ie. Pinnacle) was sold to Corel and consumer audio (m-Audio) was sold to Akai. The consumer divisions were only responsible for [...]
Read More...
Read the complete post at http://splicenow.com/2012/07/02/avid-sells-its-consumer-divisions/