The Street – Why Avid (AVID) Is Falling Today

[Franz Bieberkopf]

Both “The Street” and “createdigitalmusic” backing up from yesterday’s posts.

https://createdigitalmusic.com/2014/02/avid-delays-financial-reporting-promises-brighter-future-including-pro-tools-sibelius/#more-32639

To be clear:

“The Street reporting (and thus ours, in building a report on it) was inaccurate and misleading in that financial data for Avid actually isn’t available. … The main point is this: we don’t have any 2013 numbers for AVID. Avid has filed no earnings reports, including the 2013 Form 10-K …”

“Analysts say”, indeed.

There’s this bit too:

“Avid’s new strategy centers on media management. … Avid’s CEO Louis Herndandez, Jr. did provide a peek into the new Avid strategy, “Avid Everywhere.” … Hernandez says that the “value chain” has shifted beyond just creation, to monetizing and sharing content. The solution appears to be a combination of cloud solutions and new media management tools built into software like Pro Tools and Media Composer. … these would even give you the ability to finish a track in Pro Tools at home, then have a TV studio looking for music for a sports feature license it from you, all within an Avid-run marketplace. There are also new tools ranging from metadata, tagging, and search to cloud-based collaboration and exchange.”

I think the emotional core of those words is “Avid-run marketplace”.

Franz.

[Mitch Ives]

LOL… I think you could be right…

Mitch Ives
Insight Productions Corp.

“Criticism may not be agreeable, but it is necessary. It fulfills the same function as pain in the human body. It calls attention to an unhealthy state of things.” – Winston Churchill

[Oliver Peters]

For those interested, from the Avid Community forums:

https://community.avid.com/forums/t/125975.aspx

– Oliver

Oliver Peters Post Production Services, LLC
Orlando, FL
http://www.oliverpeters.com

[Andrew Kimery]

Thanks for the link Oliver. I did watch the video but Marianna’s post was short but sweet. Since Avid is looking back over 8 years worth of accounting I’m not surprised it’s taking a long time.