Many people can consider themselves “avid listeners” when it comes to music but the company that many in the business consider to be the “go-to product” for music production, may be hitting sour note.
Avid, the company that the majority of musicians know for their very fine product “Pro-Tools” has been de-listed from NASDAQ. This news is not good for producers and musicians who use this longstanding product.
The financial site known as The Street was said to have reported recently, that Avid received a letter from NASDAQ, delisting them from the stock exchange.
Most insiders consider that the company, which also owns the music notation program, Sibelius, as well as other Avid hardware and software products, believe that this delisting is perhaps “not entirely about the company’s products alone.”
This is comes as quite a shock to most in the industry as the company sports a long list of Grammy award winners and technical awards, as well.
I expect that in the next few weeks, we will hear from many loyal Pro Tools users, about this most crucial news.