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Avid Technology to be Acquired by an STG Affiliate for $1.4 Billion

Avid stockholders to receive $27.05 per share in cash and Avid will become a privately held company upon completion of the transaction.

Avid, a leading technology provider that in the media and entertainment industry, announced on August 9, 2023 that it entered into a definitive agreement to be acquired by an affiliate of STG in an all-cash transaction valuing Avid at approximately $1.4 billion, inclusive of Avid’s net debt. Under the terms of the agreement, Avid stockholders will receive $27.05 in cash for each share of Avid common stock. The cash purchase price represents a premium of 32.1% over the Company’s unaffected closing share price on May 23, 2023, the last full trading day prior to media speculation regarding a potential sale of the Company.Read More »Avid Technology to be Acquired by an STG Affiliate for $1.4 Billion

The Theatrical Sound Designers and Composers Association (TSDCA) to Hold Eighth Annual Meeting in Philadelphia

The Theatrical Sound Designers and Composers Association (TSDCA) announced their eighth annual membership meeting. On June 24 – 26, 2023, TSDCA will hold three days of public panels and discussions regarding sound design and composition for theatre at the Mandell Theater on the campus of Drexel University. All events are free and open to TSDCA members as well as the general public. All events will also be available to stream online by registering at www.tsdca.org.Read More »The Theatrical Sound Designers and Composers Association (TSDCA) to Hold Eighth Annual Meeting in Philadelphia

21st Parnelli Awards Offer Surprises, Emotions, and Winners

Always full of surprises and the unexpected, the 21st Annual Parnelli Awards held on Friday April 14 started out with a big one: Outgoing NAMM CEO/President Joe Lamond was initiated in the Parnelli Hall of Fame. Also getting their due: Roy Lamb (Lifetime Achievement Award), Keny Whitright (Visionary Award), Marty Garcia (Audio Innovator) and more than two dozen others.

In Memoriam: Steve Thomas, 67

Steve Thomas

Steve Thomas, 67, died March 11, after a courageous battle with cancer. Thomas was a long-time live event professional whose career included worldwide tours as site coordinator/tour production with artists including Pink Floyd, Genesis, Rolling Stones, Bruce Springsteen, Counting Crows, and George Strait.Read More »In Memoriam: Steve Thomas, 67

The Theatrical Sound Designers and Composers Association (TSDCA) Announces their Seventh Annual Meeting

The Theatrical Sound Designers and Composers Association (TSDCA) announced their seventh annual membership meeting, being held in person for the first time in three years. On June 25 – 27, 2022, TSDCA will hold three days of public panels and discussions regarding sound design and composition in theater at the Marjorie Barrick Museum Of Art on the campus of University Of Las Vegas – Nevada. All events are free and open to TSDCA members as well as the general public. All events will also be available to stream online by registering at www.tsdca.org.Read More »The Theatrical Sound Designers and Composers Association (TSDCA) Announces their Seventh Annual Meeting