AVID Avid Technology Inc.

Icelandic State Broadcaster RÚV Upgrades Production Capabilities with New Avid | Stream IO 

Icelandic State Broadcaster RÚV Upgrades Production Capabilities with New Avid | Stream IO 

Multi-year subscription provides broadcaster with next-generation ingest & playout solution for media production needs

BURLINGTON, Mass., Nov. 21, 2023 (GLOBE NEWSWIRE) --  Leading media and entertainment technology provider ® has signed a multi-year subscription agreement with Icelandic state broadcaster RÚV to upgrade its server platform to ™, Avid’s new ingest and playout solution. 



Avid | Stream IO will provide RÚV with a software-based solution for production ingest and playout of news, sports, live entertainment and other TV content. 

Iceland's national public-service broadcaster, RÚV, broadcasts linear and non-linear TV and radio across the country. RÚV Chief Technology Officer Bragi Reynisson explains, “Upgrading to Avid | Stream IO was a simple decision for us. We needed to replace legacy servers but also required the capabilities to ingest in higher resolution than HD, including 1080p50. 

“As an addition to our existing Avid MediaCentral™ production environment, Avid | Stream IO will give us the flexibility to ingest and play out both standard HD resolutions and higher quality resolutions as AVC Intra, including 1080p50.  It integrates easily into our overall Avid production environment and supports our strategy to virtualize as much of our infrastructure as possible into our private cloud.” 

Avid Chief Revenue Officer Tom Cordiner adds, "We are proud of our long-standing partnership with RÚV, and we’re delighted they’re continuing to innovate with us. Migrating to Avid | Stream IO will give them unparalleled speed, adaptable media format support and flexible deployment.” 

With a flexible architecture that can be configured to ingest or play out IP streams and SDI streams, Avid | Stream IO will allow RÚV’s production teams to migrate from legacy workflows and on-premises deployment to cloud and IP workflows at their own pace. It will also allow them to increase efficiency by combining different ingest sources in a single configuration.   

Ideal for live entertainment and multi-camera productions, Avid | Stream IO supports all common production formats​, including SDI; compressed IP streams SRT / RTMP are coming soon, while NDI and then SMPTE 2110 will follow later next year​. As a next-generation product, Avid | Stream IO offers all the capabilities of Avid’s proven hardware-based server solutions—AirSpeed® and FastServe®—while expanding support for emerging IP standards and higher-precision formats, such as 4K and HDR.   

Avid | Stream IO also supports Avid’s proven fast-turnaround workflows, all while tightly integrating with RUV’s existing subscription agreement to Avid’s media workflow platform , minimizing disruption to production. MediaCentral is the industry’s most comprehensive media workflow platform, enabling collaboration from any location to accelerate content turnaround.  The Avid MediaCentral set of tools streamlines the entire production workflow, allowing dispersed teams to create better content faster, deliver to more outlets and devices, and maximize the value of users’ media.  For more information, visit  

and   

Avid Powers Greater Creators    

People who create media for a living become greater creators with Avid’s award-winning technology solutions to make, manage and monetize today’s most celebrated video and audio content—from iconic movies and binge-worthy TV series, to network news and sports, to recorded music and the live stage. What began more than 30 years ago with our invention of nonlinear digital video editing has led to individual artists, creative teams and organizations everywhere subscribing to our powerful tools and collaborating securely in the cloud. We continue to re-imagine the many ways editors, musicians, producers, journalists, and other content creators will bring their stories to life. Discover the possibilities at and join the conversation on social media with the multitude of brilliant creative people who choose Avid for a lifetime of success. 

© 2023 Avid Technology, Inc. All rights reserved.  Avid, the Avid logo, AirSpeed, Avid | Stream IO, FastServe, and MediaCentral are either trademarks or registered trademarks of Avid Technology, Inc., or its subsidiaries in the United States and/or other countries. Other trademarks are property of their respective owners. Product features, specifications, system requirements and availability are subject to change without notice.    

  

PR Contacts 

   

Neil Beston 

Avid -- EMEA/ANZ   

   

+44 (0) 7770 644 136 

Dave Smith 

Avid -- Americas   

   

978.502.9607   

 

A photo accompanying this announcement is available at

 



EN
21/11/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Avid Technology Inc.

 PRESS RELEASE

Icelandic State Broadcaster RÚV Upgrades Production Capabilities with ...

Icelandic State Broadcaster RÚV Upgrades Production Capabilities with New Avid | Stream IO  Multi-year subscription provides broadcaster with next-generation ingest & playout solution for media production needs BURLINGTON, Mass., Nov. 21, 2023 (GLOBE NEWSWIRE) --  Leading media and entertainment technology provider ® has signed a multi-year subscription agreement with Icelandic state broadcaster RÚV to upgrade its server platform to ™, Avid’s new ingest and playout solution.  Avid | Stream IO will provide RÚV with a software-based solution for production ingest and playout of news, s...

 PRESS RELEASE

STG Completes Acquisition of Avid Technology

STG Completes Acquisition of Avid Technology BURLINGTON, Mass., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Avid Technology, Inc. (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced the completion of its acquisition by an affiliate of STG in an all-cash transaction valued at approximately $1.4 billion. The acquisition was previously announced on August 9, 2023, and approved by Avid stockholders on November 2, 2023. Under the terms of the merger agreement, Avid stockholders will receive $27.05 per share. As a result of the completion of ...

 PRESS RELEASE

Brazil’s Record TV Upgrades Studios with Avid Audio Solutions to Power...

Brazil’s Record TV Upgrades Studios with Avid Audio Solutions to Power Top TV Broadcasts Brazilian TV Broadcaster Modernizes with Pro Tools | Carbon, Pro Tools | HDX and Pro Tools | MTRX Studio BURLINGTON, Mass., Oct. 26, 2023 (GLOBE NEWSWIRE) -- today announced that Record TV, one of Brazil’s leading TV broadcasters, has refitted its audio post-production studios with the ™ and ™ interfaces to edit and mix its most demanding productions. Headquartered in Sao Paulo, Record TV also upgraded eight production studios with ® to ensure they capture performances with the highest sound qualit...

 PRESS RELEASE

Avid Joins Roybal School of Film and Television Production Magnet

Avid Joins Roybal School of Film and Television Production Magnet Media tech leader brings technologies and services to teach essential post production skills to underrepresented L.A. kids aspiring to creative vocations BURLINGTON, Mass., Oct. 12, 2023 (GLOBE NEWSWIRE) -- ® () is continuing its mission to help more people gain skills for successful careers in the entertainment industry as the first technology Founding Partner of the , which was established by George Clooney, Grant Heslov and Creative Artists Agency’s Bryan Lourd, to support The Roybal Film and Television Production Magn...

 PRESS RELEASE

Avid Unveils Pro Tools Sketch for Modern Music Creators and to Expand ...

Avid Unveils Pro Tools Sketch for Modern Music Creators and to Expand Pro Tools Workflows New iPad app and added capability to Pro Tools desktop software enables musicians to quickly capture new ideas and experiment with arrangements anywhere BURLINGTON, Mass., Sept. 22, 2023 (GLOBE NEWSWIRE) -- ® () today announced ™, a new non-linear, clip-based creation tool in software that is also available as a free iPad app. Pro Tools Sketch enables musicians to quickly capture new ideas and freely experiment with concepts and songs, and find inspiration with a massive library of free loops, vir...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch