Avid Technology: Difference between revisions

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==Controversies==

=== Avid removes Perpetual Plan options for Pro Tools users (July 2022) ===

===Avid removes Perpetual Plan options for Pro Tools users (July 2022)===

Avid in July of 2022 removed the option for customers to buy new or Software Updates + Support Plan contracts for existing perpetual Pro Tools users. Following considerable industry backlash, Avid reinstated Perpetual licenses and Support Plan contract renewals through authorized 3rd party resellers.<ref>{{Cite web |last=Holt |first=Kris |date=27 April 2022 |title=Pro Tools is now only available as a subscription service |url=https://www.engadget.com/pro-tools-subscription-service-perpetual-license-160010247.html |url-status=live |archive-url=https://web.archive.org/web/20241109140342/https://www.engadget.com/pro-tools-subscription-service-perpetual-license-160010247.html |archive-date=29 Jun 2025 |access-date=29 Jun 2025 |website=Endgadget}}</ref>

=== Avid is Acquired by an Affiliate of STG for USD $1.4B (Nov 2023) ===

Avid Technology was acquired by an affiliate of STG for 1.4 billion dollars in a cash-only deal. This delisted Avid from the NYSE and returned its status as a private entity. Subsequently, some of Avid's product development was outsourced to STG asset offices in India.

==Products==

@@ Line 24: / Line 24: @@
 ==Controversies==
-=== Avid removes Perpetual Plan options for Pro Tools users (July 2022) ===
+===Avid removes Perpetual Plan options for Pro Tools users (July 2022)===
 Avid in July of 2022 removed the option for customers to buy new or Software Updates + Support Plan contracts for existing perpetual Pro Tools users. Following considerable industry backlash, Avid reinstated Perpetual licenses and Support Plan contract renewals through authorized 3rd party resellers.<ref>{{Cite web |last=Holt |first=Kris |date=27 April 2022 |title=Pro Tools is now only available as a subscription service |url=https://www.engadget.com/pro-tools-subscription-service-perpetual-license-160010247.html |url-status=live |archive-url=https://web.archive.org/web/20241109140342/https://www.engadget.com/pro-tools-subscription-service-perpetual-license-160010247.html |archive-date=29 Jun 2025 |access-date=29 Jun 2025 |website=Endgadget}}</ref>
+=== Avid is Acquired by an Affiliate of STG for USD $1.4B (Nov 2023) ===
+Avid Technology was acquired by an affiliate of STG for 1.4 billion dollars in a cash-only deal. This delisted Avid from the NYSE and returned its status as a private entity. Subsequently, some of Avid's product development was outsourced to STG asset offices in India.
 ==Products==