Avid Digital Workflow Helps Wachovia Produce and Distribute More Than 700 Hours of Original Programming a Year.Financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company cuts ingest in·gest tr.v. in·gest·ed, in·gest·ing, in·gests 1. To take into the body by the mouth for digestion or absorption. See Synonyms at eat. 2. and digitization time by more than 30 percent, achieving significant time and cost savings TEWKSBURY, Mass. -- Avid Technology "Avid" redirects here. For the "Advancement Via Individual Determination" educational program, see AVID. Avid Technology, Inc NASDAQ: AVID is an American company specializing in video and audio production technology; specifically, digital non-linear media editing (NLE) , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AVID) today announced that Wachovia Corporation, one of the nation's largest diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services companies, is using an Avid[R] digital media production workflow to create and distribute more than 700 hours of original programming each year. In order to achieve significant time and cost savings, Wachovia's Video Network team is using a variety of Avid solutions to produce corporate programming at its headquarters in Charlotte, N.C. The programming includes interactive employee training programs, a daily 5-minute company news update and customized Wachovia-branded versions of the Bloomberg Television Bloomberg Television are cable television networks around the world that broadcast business and financial news 24 hours a day. The network was widely known for their data screen format, in which news tickers and business data boxes used more of the television screen than the feed for customers at nationwide bank and brokerage branch locations. Wachovia is transitioning from a tape-based, time and labor intensive Labor Intensive A process or industry that requires large amounts of human effort to produce goods. Notes: A good example is the hospitality industry (hotels, restaurants, etc), they are considered to be very people-oriented. See also: Capital Intensive, Trading Dollars production process to a fully digital, Avid workflow - powered by the Avid Interplay[TM] nonlinear workflow engine Workflow engine is a software application meant to manage and execute modeled business processes. It is a key component in workflow technology. It will typically make use of a database server. and Avid Unity[TM] MediaNetwork 5.0 shared storage network, which enables a collaborative production environment. "We've completely streamlined our processes for scheduling and taking video feeds - and cut the time needed for ingest on a given project by more than 30 percent. As a result, we can now free up a bay for editing that was previously tied up with just ingesting and digitizing video," said Nathan Dickerson, operations manager See datacenter manager. and vice president, Corporate Communications Video Network at Wachovia. "Additionally, working with file-based media offers us a variety of distribution models. We're saving time and money by distributing corporate training videos to employees' desktops - rather than sending a trainer to each office." Johnathon Howard, director of Broadcast and Media Publishing at Avid, said, "The quantity and quality of programming Wachovia produces in-house is truly impressive and the scope and scale of the company's broadcast operations are really unmatched in the corporate financial world. This installation is a big step for Wachovia towards becoming completely tapeless. And all of the systems being used now are HD-ready, so the eventual transition to HD can be a gradual process without a major overhaul of the equipment they're currently putting in place." In addition to Avid Interplay and Avid Unity systems, the purchase by Wachovia also included: * Six Media Composer[R] Adrenaline[TM] systems to create longer-form programming for broadcast across 3,500 satellite sites; * AirSpeed airspeed Noun the speed of an aircraft relative to the air in which it moves Noun 1. airspeed - the speed of an aircraft relative to the air in which it is flying speed, velocity - distance travelled per unit time [R] and MediaStream[TM] servers for ingest and playout; * The Avid CaptureManager[TM] tool for coordinating feeds; * Avid Deko 3000[R] Hybrid and Avid DekoCast[TM] graphics systems; and * A Sundance[TM] FastBreak[R] NXT NXT Next [TM] Automation system for controlling broadcast content. The installation was designed and implemented with Avid reseller ClarkPowell. "Avid solutions offer a seamless transition to tapeless operations by easily working with formats like Sony XDCAM and allowing us to bring media created with our legacy Apple graphics systems into the Avid Unity environment," said Dickerson. "We've also found that most of the editors that we want to work with prefer the Avid platform, so that definitely helped to drive our decision to invest in a more complete Avid digital workflow." About Avid Technology, Inc. Avid Technology, Inc. is the world leader in digital nonlinear media creation, management, and distribution solutions, enabling film, video, audio, animation, games, and broadcast professionals to work more efficiently, productively, and creatively. For more information about the company's Oscar[R], Grammy[R], and Emmy[R] award-winning products and services, please visit: www.avid.com. (c) 2007 Avid Technology, Inc. All rights reserved. Product features, specifications, system requirements, and availability are subject to change without notice. Avid, Digidesign, Film Composer and Pro Tools, Adrenaline, AirSpeed, Avid Unity, CaptureManager, Deko, DekoCast, Fastbreak, Fastbreak NXT Automation, Interplay, Media Composer, MediaStream and Sundance are either registered trademarks or trademarks of Avid Technology, Inc. in the United States and/or other countries. Avid received an Oscar statuette representing the 1998 Scientific and Technical Award for the concept, design, and engineering of the Avid[R] Film Composer[R] system for motion picture editing. Digidesign, Avid's audio division, received an Oscar statuette representing the 2003 Scientific and Technical Award for the design, development, and implementation of its Pro Tools[R] digital audio workstation A digital audio workstation (DAW) is a system designed to record, edit and play back digital audio. A key feature of DAWs is the ability to freely manipulate recorded sounds, much like a word processor manipulates typed words. . Oscar is a trademark and service mark of the Academy of Motion Picture Arts and Sciences. Emmy is a registered trademark of ATAS/NATAS. Grammy is a trademark of the National Academy of Recording Arts and Sciences The National Academy of Recording Arts & Sciences, Inc. is known variously as The Recording Academy or NARAS. Established in 1957, The Recording Academy is a U.S. , Inc. All other trademarks contained herein are the property of their respective owners. |
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