Created to provide education and celebrate the greater production industry, Cineposium also held great value to the host city in spotlighting its region and local infrastructure. Due to the ongoing global uncertainty within the international industry right now due to the current WGA and SAG-AFTRA strikes, we feel it is best for everyone who participates in Cineposium to conduct the event at a later date.
The full announcement can be found HERE
Stockholders to Receive $27.05 Per Share in Cash
Transaction Represents 32.1% Premium to Avid’s Unaffected Share Price on May 23, 2023
Avid to Become a Privately Held Company Upon Completion of the Transaction
BURLINGTON, Mass., Aug. 09, 2023(GLOBE NEWSWIRE) — Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced that it has 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.
“Since our founding over 30 years ago, Avid has delivered technology that enables individuals and enterprises who create media for a living to make, manage and monetize today’s most celebrated video and audio content across the globe. We are pleased to announce this transaction with STG, who share our conviction and excitement in delivering innovative technology solutions to address our customers’ creative and business needs,” said Jeff Rosica, Avid’s Chief Executive Officer and President. “STG’s expertise in the technology sector and significant financial and strategic resources will help accelerate the achievement of our strategic vision, building on the momentum of our successful transformation achieved over the past several years. This transaction represents the start of an exciting new chapter for Avid, our customers, our partners and our team members and is a testament to the importance of Avid and our solutions in powering the media and entertainment industry.”
John P. Wallace, Chairman of the Avid Board of Directors, said, “This transaction is the result of a comprehensive review of strategic alternatives for Avid. Upon closing, this transaction will deliver immediate, significant and certain value to our stockholders. After carefully evaluating a variety of options, the Board determined that this transaction is in the best interests of Avid and its stockholders.”
William Chisholm, Managing Partner of STG added, “STG has admired Avid’s heritage as a category creator and pioneer in the media and entertainment software market for many years. We are excited to partner with Jeff and the management team to build on the Company’s history of delivering differentiated and innovative content creation and management software solutions. We look forward to leveraging our experience as software investors to accelerate Avid’s growth trajectory with a deep focus on technological innovation and by delivering enhanced value for Avid’s customers.”
About STG
STG is a private equity partner to market-leading companies in data, software, and analytics. The firm brings experience, flexibility, and resources to build strategic value and unlock the potential of innovative companies. Partnering to build customer-centric, market-winning portfolio companies, STG creates sustainable foundations for growth that bring value to existing and future stakeholders. The firm is dedicated to transforming and building outstanding technology companies in partnership with world-class management teams. STG’s expansive portfolio has consisted of more than 50 global companies. For more information, please visit www.STG.com.
Working again on editing the Big Screen images for this weekend’s All Ireland Hurling Final between Limerick and Kilkenny.
As a Ballybrown resident, want to say a special mention to Ballybrown’s own Colin Coughlan and Aidan O’Connor. All the best and let’s do the four in a row.
For more information on the big screen in Limerick, check the link below.
Produced by Film CEL, LSAD’s In-House Production Unit.
This is the final episode of the series of Word On The Street series 6, featuring:
The Apprentices Awards 2023, The new Strategic Plan 2023-2026 and the upcoming LSAD Graduates Show 2023.
Produced by Film CEL, the in-house production unit at LSAD, TUS.
Please join both Students and Staff in celebrating the work of the current Year 4 Creative Broadcast and Film Production (CBFP) students at the launch of the LSAD Grad Show on Saturday June 3rd 2023 in LSAD Clare Street.
CBFP is also delighted to announce the inaugural Piquant Creative Broadcast and Film Production Award 2023. The recipient of this award will be announced at the Grad Show opening event. Piquant are an award-winning creative media agency based in Limerick City and have partnered with LSAD in recognising and honouring the work of Creative Broadcast and Film Production students as future makers in the film, animation, television and digital media and communications industry.
The LSAD Grad Show runs from June 3-11 2023 in LSAD Clare Street campus.
“It is an opportunity to see some wonderful work across all our programmes in Art, Design and Media, including Painting, Print, Sculpture, Graphic Design Communication, Animation, Motion Design, Ceramics, Fashion, Textiles, Interior Design, Animation Production and Game Art Design, Creative Broadcast for Film and TV and Music Production and Technology.
LSAD are also honoured that God Knows Jones, Artist and MD of Narolane Records will be opening our show.
Our doors open at 1pm so please come early to enjoy seeing all the works on show.”
Mike Fitzpatrick
Dean Limerick School of Art and Design
HIPSTERS, ARTISTS, PHOTOGRAPHERS AND LOTS MORE WANTED
We are casting for extra roles in BLACKSHORE, the new RTE series shooting in Killaloe, Co. Clare and Ballina, Co. Tipperary
Monday May 8th
Tuesday May 9th
You must be available on the above dates and make your own way to work
To apply, email the following to
davidwestcoastcasting@gmail.com
With the subject line
Festival Extras
NAME
AGE
MOBILE
LOCATION
RECENT CLEAR PHOTOGRAPHS (FULL LENGTH)
MEASUREMENTS
Please only apply if you available all day for filming.
Millennium Sessions 2023 will stream on YouTube Premiere this evening, Wednesday 26 April, at 19:00. Set your notifications now at https://youtu.be/gbya8ccR0ZY and follow the @MillenniumSessions channel!
Presented by iRadio’s Niall Dunne, this year’s featured acts include:
Olesya Zdorovetska & Nick Roth
Stephanie Keane & Joe Love
Bubba Shakespeare
Enrica Savigni
Grayhound
Production was by the crew of Film CEL, LSAD and TUS’ in-house production unit.
Simon McGuire 