{"id":9299,"date":"2012-07-02T16:22:16","date_gmt":"2012-07-02T20:22:16","guid":{"rendered":"http:\/\/www.premiumbeat.com\/blog\/?p=9299"},"modified":"2012-07-02T17:14:45","modified_gmt":"2012-07-02T21:14:45","slug":"avid-cuts-jobs","status":"publish","type":"post","link":"https:\/\/www.premiumbeat.com\/blog\/avid-cuts-jobs\/","title":{"rendered":"Avid Cuts Jobs, Sells Consumer Audio &#038; Video Product Line"},"content":{"rendered":"<h2 id=\"avid-intends-to-focus-on-its-core-professional-user-base-after-selling-off-its-consumer-a-v-products\">Avid intends to focus on its core professional user base after selling off its consumer A\/V products.<\/h2>\n<p><strong>Avid<\/strong> announced a company change-up today, with the sell-off its consumer audio and video products. \u00a0Avid&#8217;s M-Audio products will be sold to inMusic, a company that already has respected audio brands in its lineup, including\u00a0Akai Professional, Alesis, Alto Professional, ION Audio, Numark and Sonivox. \u00a0The consumer video products, including <strong>Avid Studio for iPad<\/strong>, <strong>Avid Studio<\/strong> &amp; <strong>Pinnacle Studio<\/strong>, are being sold to Corel Corporation (a leader in consumer video and photo applications).<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-9316\" title=\"Avid Studio\" src=\"https:\/\/www.premiumbeat.com\/blog\/wp-content\/uploads\/2012\/07\/avid-studio-2.jpg\" alt=\"Avid Studio\" width=\"473\" height=\"273\" srcset=\"https:\/\/vip-go.premiumbeat.com\/wp-content\/uploads\/2012\/07\/avid-studio-2.jpg 473w, https:\/\/vip-go.premiumbeat.com\/wp-content\/uploads\/2012\/07\/avid-studio-2.jpg?resize=300,173 300w, https:\/\/vip-go.premiumbeat.com\/wp-content\/uploads\/2012\/07\/avid-studio-2.jpg?resize=277,160 277w, https:\/\/vip-go.premiumbeat.com\/wp-content\/uploads\/2012\/07\/avid-studio-2.jpg?resize=359,207 359w, https:\/\/vip-go.premiumbeat.com\/wp-content\/uploads\/2012\/07\/avid-studio-2.jpg?resize=150,87 150w\" sizes=\"auto, (max-width: 473px) 100vw, 473px\" \/><\/p>\n<p>With the sale of these products, <strong>Avid<\/strong>\u00a0employees involved in their development will be\u00a0transferring\u00a0jobs or laid off. \u00a0This will account for 365 positions, about 20% of Avid&#8217;s\u00a0current workforce.<\/p>\n<p><strong>Avid<\/strong>\u00a0claims that this restructuring will cut costs and bring the focus to their professional user base.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-9317\" style=\"float: right;\" title=\"Avid Studio iPad\" src=\"https:\/\/www.premiumbeat.com\/blog\/wp-content\/uploads\/2012\/07\/avid-studio-ipad.jpg\" alt=\"Avid Studio iPad\" width=\"227\" height=\"177\" srcset=\"https:\/\/vip-go.premiumbeat.com\/wp-content\/uploads\/2012\/07\/avid-studio-ipad.jpg 473w, https:\/\/vip-go.premiumbeat.com\/wp-content\/uploads\/2012\/07\/avid-studio-ipad.jpg?resize=300,233 300w, https:\/\/vip-go.premiumbeat.com\/wp-content\/uploads\/2012\/07\/avid-studio-ipad.jpg?resize=277,216 277w, https:\/\/vip-go.premiumbeat.com\/wp-content\/uploads\/2012\/07\/avid-studio-ipad.jpg?resize=359,279 359w, https:\/\/vip-go.premiumbeat.com\/wp-content\/uploads\/2012\/07\/avid-studio-ipad.jpg?resize=150,117 150w\" sizes=\"auto, (max-width: 227px) 100vw, 227px\" \/><\/p>\n<p>It&#8217;s a bit of a shame that <strong>Avid Studio for iPad<\/strong> was sold in the mix. \u00a0Although not as full powered as its bigger app brethren, it has many impressive features for a mobile editing app (see our <a title=\"Avid Studio for iPad\" href=\"http:\/\/www.premiumbeat.com\/blog\/video-editing-on-the-ipad-how-does-avid-studio-stack-up-to-imovie\/\" target=\"_blank\" data-wpel-link=\"internal\">first-look at Avid\u00a0Studio here<\/a>). As of now, its still <a title=\"Avid Studio App Store\" href=\"http:\/\/itunes.apple.com\/us\/app\/avid-studio\/id491113378?mt=8\" target=\"_blank\" data-wpel-link=\"external\">available in the App Store<\/a>.<\/p>\n<p><strong>Avid<\/strong>\u00a0has long-been a titan of video editing&#8230;but with increased competition and lower price-points it&#8217;s logical they&#8217;ll need to focus to compete. \u00a0Let&#8217;s hope this change is a good one for pro editors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Avid consolidates by selling off their consumer audio and video product line and cutting jobs, for a renewed focus on their professional user base. We&#8217;ve got the \u2026<\/p>\n","protected":false},"author":3,"featured_media":9323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[41,715,39],"tags":[5378,559,598,917,993,857,992,991],"class_list":["post-class-post-9299","post-class-post","post-class-type-post","post-class-status-publish","post-class-format-standard","post-class-has-post-thumbnail","post-class-hentry","post-class-category-avid","post-class-category-industry","post-class-category-video-editing","post-class-tag-avid","post-class-tag-avid-studio","post-class-tag-avid-technology","post-class-tag-business","post-class-tag-corel","post-class-tag-industry-2","post-class-tag-m-audio","post-class-tag-pinnacle-studio"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.5 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Avid Cuts Jobs, Sells Consumer Audio &amp; Video Product Line - The Beat: A Blog by PremiumBeat<\/title>\n<meta name=\"description\" content=\"Avid consolidates by selling off their consumer audio and video product line and cutting jobs, for a renewed focus on their professional user base. 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