By Mae Anderson, Technology Writer
NEW YORK (AP) --Netflix's announcement that NBC's hit show "The Office" will be pulled from its lineup after 2020 and head to NBCUniversal's upcoming service is the latest example of jockeying between streaming services that is set to heat up as they bulk up their TV and movie offerings to attract users.
In a tweet Tuesday, Netflix said it was "sad" that NBC was taking back the show but added it will still be on Netflix for the next year and a half.
As people abandon traditional pay TV providers like cable, services like Netflix and Hulu have benefited by offering viewers TV shows from traditional networks. But content makers like NBC Universal, Disney and Warner Media are entering the game and will likely take back much of their own shows and movies.
Avid completes acquisition of Wolftech
Avid®, known for software solutions for professional media production, has completed the acquisition of Wolftech Broadcast Solutions, a leader in cloud-based multiplatform news planning, production and publishing solutions.
The acquisition enables Avid to combine its digital-first, end-to-end media solution with Wolftech’s expertise in story-centric workflow management. News organizations will be able to increase efficiency and accelerate story delivery through enhanced remote collaboration and multiplatform amplification.
Avid CEO Wellford Dillard stated, “Wolftech is unquestionably on the leading edge of where the industry is going, and this acquisition demonstrates Avid’s commitment to transform news, sports, and live production workflows. We are delighted to welcome Wolftech into the Avid family.”
Wolftech CEO Arne Berven added, “We were focused on finding a partner that could accelerate the adoption of our platform globally. We explored a number of possibilities, but when we talked to Avid, we knew it was the right match.”
The closing of the acquisition follows Avid’s announcement on October 7 that the company had entered into a definitive agreement to acquire Wolftech.
With this acquisition, Avid deepens the integration between the two toolsets while continuing to embrace an open approach in partnering with a wide range of media production tools and newsroom systems. Existing Wolftech customers will benefit from Avid’s global scale for customer support and professional services.
Ian Axton, head of production operations for ITV News, said, “As a customer of both Avid and Wolftech we’re excited about the benefits this acquisition will bring to our users and our business. Wolftech has transformed... Read More