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Last month Avid announced its 4th quarter and financial results. It’s not something we often report on here at Pro Tools Expert but one stat jumped out at us, that there was a 54.9% year over year growth in subscription revenue growth in the fourth quarter. What this appeared to show is that there is a significant growth in subscriptions and this was something we wanted to investigate. So we asked Avid some questions and rather than give us a statement, Francois Quereuil who is now Vice President Audio, Product Management offered to sit and chat this through and we also discussed now Avid had restructured the business during the pandemic as well as future plans for HDX and the Hybrid Engine.
By Production Expert4.4
117117 ratings
Last month Avid announced its 4th quarter and financial results. It’s not something we often report on here at Pro Tools Expert but one stat jumped out at us, that there was a 54.9% year over year growth in subscription revenue growth in the fourth quarter. What this appeared to show is that there is a significant growth in subscriptions and this was something we wanted to investigate. So we asked Avid some questions and rather than give us a statement, Francois Quereuil who is now Vice President Audio, Product Management offered to sit and chat this through and we also discussed now Avid had restructured the business during the pandemic as well as future plans for HDX and the Hybrid Engine.

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