Sony buys Sonic foundry products

[Agent]

Faced with losses and tough competition from much larger companies, Sonic Foundry has agreed to sell its desktop audio and music production product family to Sony Pictures Digital for $18 million in cash and the assumption of certain liabilities and obligations, the companies announced Friday.

 

The deal involves a handful of Sonic Foundry products: its Acid music production software, the Vegas multitrack audio and video editing system, and the Sound Forge audio editing program. Sony will continue to sell these products after the deal closes, probably after the shareholder meeting in June.

 

Sonic Foundry has about 190 employees, approximately 70 of whom will transfer to Sony once the deal is complete.

 

 

 

[Blink]

There's been a lot of this going on recently.

 

Apple buying out Emagic....bad for PC users.

Pinnacle buying out Steinberg....could be good for video work.

 

Where did you see this Blu? Any news on if they are gonna maintain support etc?

[James]

Blimey!

 

Not entirely sure i'm happy with all this 'buying out' business because quite often the people who take over dont have the same visions etc.. although Sony of course should do a good job.

 

I cant understand why a company who has produced very popular products such as ACID & Foundry can suddenly be losing so much money they have to sell up ?

 

Have you got any links to any news articles because its nice to live and learn from things like this !

[Agent]

Here is a link link

[TomD]

James said:

I cant understand why a company who has produced very popular products such as ACID & Foundry can suddenly be losing so much money they have to sell up ?

 

because some people don't pay for them and just download them from newsgroups :$

[Mr_Happy]

TomD said:

James said:

I cant understand why a company who has produced very popular products such as ACID & Foundry can suddenly be losing so much money they have to sell up ?

 

because some people don't pay for them and just download them from newsgroups :$

 

thats desgusting!

 

that sorta stuff should be left to kazaa and warez sites