Broadcasters and their technology vendors are carefully moving from traditional capital expenditure models to software-based operational expenditure models. A Discovery executive says it’s about time as the industry moves toward its own distribution costs being based on volume.
In a virtual briefing Wednesday, Grass Valley touted its Agile Media Processing Platform to propagate a “shared ecosystem” that combines connected hardware devices, software-only solutions and third-party products from partners. Interim chief Louis Hernandez Jr., CEO of parent Black Dragon Capital, also gave no sign he’ll be handing over the reins anytime soon.
Grass Valley President and CEO Tim Shoulders is out and so is Marco Lopez, GM, live production, in a shakeup that now sees Louis Hernandez Jr., CEO of parent company Black Dragon and GV executive chairman, at the helm.
A conversation with Grass Valley CEO Tim Shoulders and Black Dragon Capital CEO Louis Hernandez Jr. following up on this week’s news of GV’s acquisition by the venture capital firm.
On Sunday, Avid’s board of directors voted “to terminate the employment of Louis Hernandez Jr., chief executive officer, effective immediately, due to violations … of the company’s policies related to workplace conduct,” according to a filing with securities regulators. Avid President Jeff Rosica has been named CEO.
At the Avid Connect 2017 event in Las Vegas Saturday, company Chairman and CEO Louis Hernandez Jr. announced major steps on a journey to the cloud where broadcasters, post houses and other media professionals can realize greater operational efficiencies, easier collaboration and much-improved workflows.