AVID sells off consumer products including M-Audio

  • Thread starter Thread starter ido1957
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I believe they will still keep the brand intact like they did when they bought Akai, Numark and Alesis. Competition amongst themselves means they always win.
 
WoW! Guess all of my M-Audio microphones are now considered in a different class from the new ones now. Maybe worth more now or further down the road.
 
Avid |News Room

Guess I now own an Alesis Sputnik Mic. Or is it an AKAI Sputnik?

"Avid estimates that the proceeds from these transactions will be approximately $17 million, subject to closing inventory adjustment, with a portion held in escrow. Both transactions are expected to close today, July 2, 2012."

Tiny tiny number for a major name brand.
 
So true, but the music industry as a whole isn't what it used to be.
 
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