Avid buys Pinnacle

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    • #38831
      AvatarComitar
      Participant

      Avid bought Pinnacle Systems today.

      Does this finally mean we can get decent software out of Pinnacle?

      I hope so…

    • #168660
      AvatarAnonymous
      Inactive

      Really?!? Can you post where you got that info from?

      Thanks,

      GwXtreme

    • #168661
      AvatarAnonymous
      Inactive

      Wow. That’s a surprise. I wonder what will become of this. Maybe AVID will soon own the market on consumer video editing software if they combine the features of Xpress and Studio. AVID will be Adobes biggest competition in the PC market (well, then you got Sony and thier Vegas software, my personal software of choice).

    • #168662
      AvatarAnonymous
      Inactive

      that’s amazing. I thought that Pinnacle was pretty well situated in the consumer market.

    • #168663
      AvatarAnonymous
      Inactive

      Samuel Orcutt Wrote:

      that’s amazing. I thought that Pinnacle was pretty well situated in the consumer market.

      From what I know, Pinnacle Studio is the best selling consumer-level NLE.
      I hope this buyout will result in some sort of “empowering” Studio with strong features of Avid XpressDV πŸ™‚ and existing users (like myself) will get free upgrade :))

    • #168664
      AvatarComitar
      Participant

      Hope this makes Pinnacle’s editing decent… right now it is… um… blah.

      Premiere and Vegas’s small versions are so far past it isn’t even funny. Well, okay, maybe it is a little bit.

      Comitar

    • #168665
      AvatarAnonymous
      Inactive

      Avid Technology, Inc. and Pinnacle Systems, Inc. recently announced that Avid has entered into a definitive agreement to acquire Pinnacle in a cash and stock transaction. Under the terms of the agreement, Pinnacle shareholders will receive .0869 shares of Avid stock and $1.00 in cash for each Pinnacle share. The purchase price represents a 30% premium over Pinnacle’s closing stock price of $4.97 on March 18, 2005.

      Following the closing, the parties expect that Pinnacle’s award-winning professional products – such as the MediaStream broadcast playout server and the Deko on-air graphics system – will enhance Avid’s end-to-end broadcast production pipeline, which has helped Avid become a global leader in that industry. In addition, Pinnacle’s consumer video business – which to date has shipped more than 10 million units – will form the basis for a new consumer video division at Avid, providing the company with an immediate avenue into that segment.

    • #168666
      AvatarComitar
      Participant

      Hopefully Avid stuff will go into Pinnacle. Pinnacle’s Consumer stuff has potential… but it is tooo buggy for any heavy use.

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