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Avid Technology, Inc NASDAQ: AVID is an American company specializing in video and audio production technology; specifically, digital non-linear media editing (NLE) systems, management and distribution services. It was created in 1987 and became a publicly traded company in 1993. Avid is headquartered in Tewksbury, Massachusetts.
History
At the NAB show in April of 1989, the Avid/1 was publicly introduced. The first system shipped (Serial # 001) was to Alan Miller at Rebo Studio in New York in June 1989. He, along with four other beta sites, tested it until its formal release date in December 1989. The University of Hawaii was the first educational institution to receive the Avid for its Media Lab run by Patricia Amaral, also in 1989. Anthony Pennings, now at New York University, was the first academic to teach the Avid. Image:Avid Videoshop.jpg Avid Videoshop By the early 90's, Avid products began to replace such tools as the Moviola, allowing editors to handle their film creations with greater ease. In 1994 only two feature films used the new digital editing system. By 1995 dozens were, and it signaled the beginning of the end of cutting celluloid. In 1996 Walter Murch accepted the Academy Award for editing The English Patient (which also won best picture), which he cut on the Avid. This was the first Editing Oscar awarded to a digitally-edited film. Avid products are now used in the industry to create television shows, feature films, and commercials. Avid has released home versions of their professional line of editors, such as their Xpress DV and Avid Free DV.
In recent years the company has extended its business expertise towards the storage and management of media files, and in 2006 Avid is planning to launch a new product called Avid Interplay. Developer programs
Products
Notable discontinued products:
Acquisitions
Executive team
Discussion groupsSee also
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