Avid Technology, a privately owned US company founded in 1987, employs approximately 1,670 people. Specializing in multimedia technology, Avid provides audio and video solutions including digital non-linear editing (NLE) systems, software for video and audio editing, music notation software, and media management and distribution services. In 2023, the company reported revenues of $413.24 million.
Avid offers 16 products in the media tech industry. Avid's product portfolio comprises of media cloud and storage, live production, audio and production and post production.
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Avid's revenues were less than $500M in 2023. Caretta Research has split Avid's revenue into 9 different product categories, the largest of which is live video ingest and replay servers. For full access to Avid's revenue breakdown subscribe to Caretta Portal.
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Avid's customers primarily consist of broadcast television and radio companies. Examples of Avid's customers include NBCUniversal, Paramount Global and China Media Group (CMG). Avid has commercial and technical partners like Remote Picture Labs (RPL) and Chyron. Examples of Avid's suppliers include Zero Density, Matrox Video and MainConcept.
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