Private Equity Firm STG Completes Acquisition of Avid for $1.4B

[ad_1] Avid CEO Jeff Rosica Courtesy of Cheryl Richards An affiliate of private equity firm STG has completed the acquisition of Avid Technology — the maker of the Media Composer editing…

EY spent $1.4B on AI strategy, will train all workers to use the tech

[ad_1] Carmine Di Sibio, the CEO of EY, wrote that his company’s AI investments will help unlock “new economic value.” Michael Kovac/Getty Images Ernst & Young has invested $1.4 billion…

MORE MUSIC BUSINESS NEWS: $1.4B Avid sale • TikTok Music layoffs • Lizzo dancers show support • $38M Spotify white noise problem • Tumblr eyes X • more – Hypebot

[ad_1] With the internet and digital technologies driving rapid change within the music industry, articles about new releases and who has been hired and fired are no longer enough. Our…