Avid Technology, a privately held US company founded in 1987, provides multimedia technology solutions. Employing approximately 1670 people, the company's offerings include digital non-linear editing (NLE) systems, video and audio editing software, music notation software, and content management and distribution services. In 2023, Avid's revenue was less than $500 million. Its primary focus is on live production technologies.
Avid announced an extended agreement with Amazon MGM Studios on an unspecified date to integrate Avid Media Composer and Avid NEXIS on Amazon Web Services (AWS). This integration allows Amazon MGM Studios' customers to use Avid's editing and storage solutions through the cloud, adapting to their production requirements. Avid and Amazon MGM Studios will support global production in the cloud using Avid's software. The collaboration aims to provide agile and efficient creative tools accessible anytime and anywhere.
Avid offers 16 products in the media tech industry. Avid's product portfolio comprises of live production, audio, media cloud and storage 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 playout 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 and enterprise cloud companies. Examples of Avid's customers include Amazon Web Services (AWS), NBCUniversal and China Media Group (CMG). Avid has commercial and technical partners like Amazon Web Services (AWS), Remote Picture Labs (RPL) and Chyron. Examples of Avid's suppliers include MainConcept, Matrox Video and Zero Density.
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