Avid Sells Its Consumer Divisions

July 2, 2012, 08:24 PM

http://splicenow.com/2012/07/02/avid-sells-its-con...

In a press release today, Avid announced the sale its consumer divisions along with a restructuring that together will result in a 20 percent 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...

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