Avid and Al Jazeera Sign Global Enterprise Agreement and Announce Cloud-based Newsroom Project
January 10 2017 - 05:00PM
Cooperation strengthened by Avid supporting Al
Jazeera more comprehensively with a global, enterprise-wide
framework agreement
Avid® (Nasdaq: AVID) today announced that it has signed a major
framework agreement with Al Jazeera Media Network including a
Global Services Agreement and Global Product Call-off Agreement.
These agreements further cement the companies’ ongoing strategic
relationship and enhances Al Jazeera’s significant investment in
Avid’s comprehensive tools and workflow solutions to create,
distribute and optimize media for its end-to-end news production
infrastructure around the world. The companies also announced a
joint collaboration to develop and test cloud-based technology
deployments of the end-to-end Avid newsroom solution. The alliance
will help Al Jazeera realize its own cloud strategy, and help shape
the future of cloud-based newsrooms across the industry, paving the
way for the first-ever hybrid cloud deployment of the MediaCentral®
Platform across a large, global newsroom operation.
Avid’s team has been working closely with Al Jazeera on a
long-term Avid Everywhere™ strategy to implement an open,
integrated and efficient news workflow based on MediaCentral across
its global news network to help the company realize its business
priorities. By leveraging the Avid platform consistently across its
global news operations, the deployment has helped Al Jazeera
achieve several business and operational objectives, increasing
their production of compelling content at lower costs, while
extending their audience reach. The final and most complex phase of
the implementation is at Al Jazeera’s Doha headquarters, which went
live near the end of 2016.
Avid is currently working with Al Jazeera on the next phase of
its technology strategy that will see the broadcaster introduce
cloud-based capabilities into its workflows and new hybrid cloud
deployment models for its global news production infrastructure to
help drive even greater global collaboration and operational
efficiency across the enterprise.
“Our industry is increasingly competitive, complex and is
changing rapidly. Despite our success, we knew we had to
overhaul our global newsgathering and delivery platforms to remain
an industry leader. We needed a partner that understood the
industry, could deliver innovative technology solutions to solve
our strategic needs and could work collaboratively over the long
term,” said Mohamed Abuagla, Executive Director of Technology &
Operations (CIO/CTO), Al Jazeera Media Network. “With Avid
Everywhere and the MediaCentral Platform, Avid has delivered
comprehensive innovations across the media workflow using an open
and extensible centralized platform to help drive efficiency. As we
have embraced the Avid Everywhere solution to drive business
results, over the past several years Avid has consistently shown
that we made the right choice in a partner. As we move towards a
cloud-based future across our global newsroom operations, we are
pleased to have Avid at our side to help us navigate this important
journey.”
To support this infrastructure around the world, Avid and Al
Jazeera have signed a multi-year, multimillion-dollar
enterprise-wide Global Services Agreement that includes the supply
of a comprehensive list of advanced services. These include system
support, software maintenance and an array of professional services
tailored to the needs of Al Jazeera’s global operations to help
optimize its significant investment.
As part of the agreement, Al Jazeera’s staff will receive
regular training on the latest features and functionality to ensure
that they are kept up to date and working in the most efficient and
effective way possible. Al Jazeera will also have access to Avid
Labs, which provides customized Avid engineering resources to
optimize integration with existing infrastructure and develop
specialized capabilities unique to Al Jazeera’s operations.
The additional Global Product Call-Off Agreement the companies
signed offers Al Jazeera beneficial commercial conditions for all
entities across its business enterprises worldwide. This global
framework agreement offers pre-negotiated pricing, terms and
conditions that benefit from the long-term relationship between the
companies as well as historical investments and volumes.
“Avid has been honored to work with a recognized leader in
global media operations, who has been an innovator since their
inception. We are very happy to deepen our working
relationship with this global enterprise agreement to help Al
Jazeera navigate its next phase of innovation,” said Louis
Hernandez, Jr., Avid Chairman and Chief Executive Officer. “The
technical teams at Avid and Al Jazeera are collaborating closely to
deliver the connected, open global newsroom solution that Al
Jazeera needs. As Al Jazeera celebrates its 20th anniversary this
year, we’re excited to continue our journey and deepen our
relationship with them as we jointly design and develop the first
enterprise-wide cloud deployment of Avid Everywhere across a global
newsroom operation.”
About AvidThrough Avid Everywhere™, Avid
delivers the most open and efficient media platform, connecting
content creation with collaboration, asset protection, distribution
and consumption. Avid’s preeminent customer community uses
Avid’s comprehensive tools and workflow solutions to create,
distribute and monetize the most watched, loved and listened
to media in the world—from prestigious and award-winning feature
films, to popular television shows, news programs and
televised sporting events, and celebrated music recordings and live
concerts. With the most flexible deployment and pricing options,
Avid’s industry-leading solutions include Pro Tools®, Media
Composer®, Avid NEXIS™, Interplay®, ProSet™ and RealSet™, Maestro™,
PlayMaker™, and Sibelius®. For more information about Avid
solutions and services, visit www.avid.com, connect with Avid
on Facebook, Instagram, Twitter, YouTube, LinkedIn,
or subscribe to Avid Blogs.
© 2017 Avid Technology, Inc. All rights reserved. Avid, the Avid
logo, Avid Everywhere, Avid NEXIS, iNEWS, Interplay, AirSpeed,
Maestro, MediaCentral, Media Composer, Playmaker, Pro Tools, and
Sibelius are trademarks or registered trademarks of Avid
Technology, Inc. or its subsidiaries in the United States and/or
other countries. The Interplay name is used with the permission of
the Interplay Entertainment Corp. which bears no responsibility for
Avid products. All other trademarks are the property of their
respective owners. Product features, specifications, system
requirements and availability are subject to change without
notice.
PR Contact:
Avid
Amy Paladino
amy.paladino@avid.com
617-733-5121
Avid Technology (NASDAQ:AVID)
Historical Stock Chart
From Feb 2024 to Mar 2024
Avid Technology (NASDAQ:AVID)
Historical Stock Chart
From Mar 2023 to Mar 2024