US firm acquires Israeli TV tech pioneer for $60m
The Israeli video tech firm will join Avid as part of its new Israeli research and development facility, which the US firm is in the midst of setting up. According to Louis Hernandez, Jr, the chairman, president, and CEO of Avid, the acquisition – valued at about $60 million – “further differentiates Avid as the partner with the most comprehensive solution, and accelerates our momentum as we enable our customers to operate more efficiently and profitably.”
Once, TV coverage of sports, concerts, elections, and the like consisted of a couple of anchorpeople sitting behind a desk reading the news, with perhaps a video screen in the background to display footage of the story. Now, viewers are used to seeing pop-up graphics, avatars, 3D images that fly across the screen, and many other video effects read more:-
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Once, TV coverage of sports, concerts, elections, and the like consisted of a couple of anchorpeople sitting behind a desk reading the news, with perhaps a video screen in the background to display footage of the story. Now, viewers are used to seeing pop-up graphics, avatars, 3D images that fly across the screen, and many other video effects read more:-
audio video installation los angeles, Home theater