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Get your AVID tendies before liftoff 🚀🚀

Disclaimer: Bid/Ask spreads on these options may drive some away from this play, and that's totally valid. In my opinion, the potential here outweighs the risks. Other industries have been grabbing most of the attention over the past few months (and rightfully so), but once we start to see the film industry start to work its way back to its $140 billion/year status quo, I believe we will see much higher volume. Buying the underlying is also a good choice here tbh if you don't want to mess with options.

About Avid
Avid is a premiere manufacturer of multimedia production tools in the film and music industries. I work in a major motion picture studio and have firsthand experience with how prevalent Avid's products are in the industry. Since the 90s, Avid's Media Composer editing software has been and will be for the foreseeable future the dominant leader in Non-Linear Editing systems. Proficiency in Avid is a non-negotiable requirement if you ever want to get into editing in the Film and Television industry.
In addition to dominating the Film & TV industries, they created and own a piece of software called Pro Tools, which is the industry standard for music production.
In addition two these two flagship products, they sell computer hardware and peripherals to support their software and other production tools. These are two multi-billion dollar industries that rely on AVID as an integral part of production.

Why now?
Everyone and their mother who has been at home and ever had the slightest interest in creating music has taken advantage of their free time to start. They turn to Pro Tools. With music production having gone remote, studios and producers can no longer work in the same studio and server, and have now had to increase their number of subscriptions so everyone can work remotely. Same goes for any film productions that still had operations going on after COVID, i.e. animation, live TV shows, and any productions that were in their post production stages. The number of subscriptions has increased drastically. At the same time, Avid's products work on a subscription structure that encourages an upfront 12-month purchase, meaning they haven't forfeited revenue from production delays.
Los Angeles Mayor Eric Garcetti announced on June 10th that Film and TV production will be allowed to resume starting June 12th. Traders clearly saw this coming before the morning of the 10th as there was a 15% run shortly prior. However, film production doesn't happen without production insurance companies that have caught up with figuring how to insure against COVID. Once that happens, production will start to resume in extremely large numbers. And even when things do resume, nothing will be the same. COVID has changed the media production industry permanently, and companies have seen how efficient and cost-effective it can be to work from home when it's not integral to the job.

The Juicy stuff
Investment group Impactive Capital (see their leadership here) has added more than 2 million shares in the past month, bringing their total investment in Avid to 6,770,000 shares, or around $51 million. IC has a portfolio of 233 million, meaning Avid is more than 20% of their investment and climbing. IC is extremely bullish on Avid and isn't showing signs of slowing their rate of acquisition.
Looking at Avid's insider activity here , we see 41 buys and 11 sells in the last month. You might also notice that it appears more shares were sold than bought through this period, but further examination reveals that those 5,000,000 shares sold were part of a transfer among Blum Capital Partners and its entities, not a sell into the market (see details here) . Accounting for this, we have 3,000,000 shares bought and only 60,000 sold in the last three months.
On top of this, the mean analyst price target for Avid is around $10.50, more than 40% upside, with the high target of 14 bring nearly 100% upside. Nasdaq rates it a strong buy.
TL;DR
  1. Smart people are getting in
  2. Production is resuming
  3. Weathering COVID very well
  4. SoundCloud producers are out in full force.
Positions
Careful with bid/ask spreads here. I would advise watching volumes and waiting for a high volume day to get in this week. This is not a play for soggy, wet, paper hands.
7/17 7.5c,
10/16 7.5c, 10c
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Disclaimer:
Do your own DD and decide for yourself how much risk you can handle. I am not a professional and am not responsible for your investment choices.
submitted by theninjallama to wallstreetbets

What's new in DaVinci Resolve 17 beta 1 release notes

Did not see it (I did use search in reddit,.... I know!), so here it is!
About DaVinci Resolve 17 (beta 1)
The free DaVinci Resolve 17 includes all of the same high quality processing as DaVinci Resolve 17 Studio and can handle unlimited resolution media files. However it does limit project mastering and output to Ultra HD resolutions or lower. DaVinci Resolve 17 only supports a single processing GPU on Windows and Linux and 2 GPUs on the latest Mac Pro.
If you need features such as support for multiple GPUs, 4K output, motion blur effects, temporal and spatial noise reduction, de-interlacing, HDR tools, camera tracker, multiple Resolve FX, 3D stereoscopic tools, remote rendering, an external database server and collaboration tools that let multiple users work on the same project at the same time, please upgrade to DaVinci Resolve 17 Studio.
We hope you do decide to upgrade as your facility grows and you do more advanced work!
Important information regarding database management
DaVinci Resolve 17.0 requires a database upgrade from DaVinci Resolve 16.2.7 and previous versions. We strongly recommend that you back up your existing database (both DiskDB and PostgreSQL) before performing an upgrade.
What's new in DaVinci Resolve 17.0
Color
  • DaVinci Resolve Advanced Panel keycaps kit and new optimized menus.
  • RCM2 with improved color tagging and smooth tone and gamut mapping.
  • HDR perceptually accurate primary grading tools with tonal range control.
  • Color warper to qualify and change hue vs saturation and luma vs chroma.
  • Magic mask using the DaVinci neural engine generates tracking masks.
  • Redesigned primary interface to show all controls concurrently.
  • Grading tools are colorspace aware in color managed timelines.
  • Support for user selectable colorspace and gamma for HDR grading tools.
  • Support for timeline clips to bypass color management.
  • Support for sat vs lum mode in the curve tool.
  • Support for generating a 17-point cube 3D LUT.
  • Support for LUTs designed for video range.
  • Support for saving smart filters to be shown in all projects.
  • Support for smart filters for marker keywords added to timeline clips.
  • Support for diagonal, venetian blinds and checkerboard reference wipes.
  • Support to set input colorspace, gamma and IDT on preconform timelines.
  • Support for a pop-out floating window for the curves panel.
  • Support for fast review from the playback menu on the color page.
  • Support for a 3x3 grid view and multiple GPU scopes of the same type.
  • Support for a floating video scopes window in dual screen layouts.
  • Improved scaling and style options for waveforms and vectorscopes.
  • Support for loading IDTs and ODTs as a DCTL file or ACES RRT.
  • Support for defining LUTs inside a DCTL file.
  • Support for multiple simultaneous client connections in remote grading.
  • Support for advanced and mini panels networking for remote grading.
  • Support for a split screen playhead viewing mode.
  • Support for improved split screen layouts.
  • Support for converting in-out ranges to duration markers.
  • Improved behavior when drawing bezier power windows using a mouse.
  • Option to use a Rec.2020 matrix for 4:2:2 video monitoring.
Resolve FX
  • Resolve FX Smear frame blending for motion blur and other effects.
  • Resolve FX Motion Trails temporal motion blur, object trails, disco effects.
  • Resolve FX Transform clip moving, stretching and rotation with motion blur.
  • Resolve FX False Color overlays replicating camera HUDs and other looks.
  • Resolve FX Texture Pop for fine image detail and contrast control.
  • Resolve FX Detail Recovery for detail and grain recovery.
  • Resolve FX Noise Reduction native noise reduction tools as Resolve FX.
  • Resolve FX Video Collage to quickly position a stack of clips into a grid.
  • Resolve FX Luma, HSL and 3D native keying tools as Resolve FX.
  • Improved Resolve FX Film Grain with new optimized mode.
  • Improved Resolve FX Dead Pixel Fixer with freehand fill, softness etc.
  • Improved Resolve FX Dust Buster with shape drawing, clone fixes etc.
  • Improved Resolve FX Object Removal for scene mode, adaptive blending.
  • Improved Resolve FX Blur defaults for directional, radial and zoom blurs.
  • Improved Resolve FX Tilt Shift with alpha channel support for depth masks.
Audio
  • Support for the Fairlight Mini Console.
  • Fairlight Audio Core to natively CPU process up to 2000 audio tracks.
  • FlexBus routing system to permit bus to bus routing and mixing.
  • ADM import, playback and export of Dolby Atmos IMF IAB masters.
  • Fairlight FX Surround Analyzer meters.
  • Full implementation of the 9.1.6 and 22.2 surround sound bus formats.
  • Native support for 44.1 KHz sample rate audio clips and instruments.
  • Analyzing and navigating to audio transients in a track.
  • Offline clip-based audio loudness analyzer.
  • Selection of absolute or relative scales and loudness meter dialog gating.
  • Pro Tools keyboard customization preset.
  • Full range of video controls in the new unified and tabbed inspector.
  • Updated editing, range and selection behavior in edit selection mode.
  • Support for importing AES31 audio timelines.
  • Support for pre-viewing video when sliding clips, markers and ranges.
  • Support for reversing audio clips.
  • Support for flattening audio track layers.
  • Support to have automation following clip edit changes.
  • Support for saving, recalling, creating timelines via configuration presets.
  • Support for editing linked clips.
  • Support for marquee selection of multiple mixer tracks.
  • Support for changing the track type of multiple selected tracks.
  • Support to directly edit in the mixer track and VCA group names.
  • Support for deleting multiple empty tracks from the track header.
  • Support for deleting marked extents on selected tracks.
  • Support for per-timeline views, selections, range and playhead location.
  • Support for changing clip gain using shortcuts.
  • Improved clip gain with change tooltips and fine control using shift.
  • Support for bouncing linked groups to a multi channel file.
  • Support for track record, mute, solo, arm control in the application menu.
  • Support for viewer to be off, floating, docked or full screen.
  • Support for toggling interface between normal and cinema viewer mode.
  • Support for monitoring volume dB level tooltip.
  • Support for selecting multiple monitor sources from Fairlight audio editors.
  • Support for pre & post roll control from the Fairlight audio editors.
  • Support for selection of Fairlight Audio Interface phantom power, gain etc.
  • Improved waveform display when zooming into a clip waveform.
  • Improved metering displays for timelines with lots of audio tracks.
  • Improved keyboard mappings for edit selection mode.
  • Improved MPEG-H workflow and export support.
Cut
  • Support for the DaVinci Resolve Speed Editor.
  • Full featured unified inspector with tabs and keyframe control.
  • File tab in the inspector with camera raw settings and clip metadata.
  • Media pool clip properties can now be viewed and edited in the inspector.
  • Media pool slate and sort view with grouping based on clip metadata.
  • Audio trim on the viewer and timeline.
  • Live scrubbing previews for effects library transitions, titles and effects.
  • Support for a new relink icon and dialog in the cut page.
  • Support quickly switching source tape bins from the media pool.
  • Support for showing the media pool in a flattened view.
  • Playhead indicators for distance to adjacent edits when using sync bins.
  • Support for a change duration dialog with presets in the cut page.
  • Support for entering the clip duration in the viewer duration field.
  • Support for navigating edit points and markers in the cut page.
  • Support for a thumbnail view in the effects library.
  • Support for a full screen preview icon on the viewer.
  • Support for selecting safe area guides and aspect ratios on the cut page.
  • Support for a cinema viewer with sync bin multi-views.
  • Support for switching timelines in the viewer.
  • Support for importing frame sequences as individual still images.
  • Improved markers entry using the DaVinci Resolve Editor keyboard.
Edit
  • Full featured unified inspector with tabs and keyframe control.
  • File tab in the inspector with camera raw settings and clip metadata.
  • Media pool clip properties can now be viewed and edited in the inspector.
  • Significantly improved DaVinci neural engine deinterlacing quality option.
  • Significantly improved processing of interlaced timelines and deliveries.
  • Real time removal of 3:2 pull down.
  • Scene cut detection directly on the timeline using DaVinci neural engine.
  • Automatically framing shots based on content using DaVinci neural engine.
  • Quick and clean chroma keying with Resolve FX Luma, HSL and 3D Keyer.
  • Resolve FX Video Collage for multiple source picture in picture grid.
  • Burn away transition with options to control burning, melting and shriveling.
  • Sync of multiple audio clips to a single video clip.
  • Aligning edits on the timeline using waveform or timecode matching.
  • Importing BorisFX Continuum plugins, transitions etc. from AAFs.
  • Live scrubbing previews for effects library transitions, titles and effects.
  • Media pool slate and sort view with grouping based on clip metadata.
  • Deleting gaps based on clip selection, ranges or the whole timeline.
  • Support for rendering sections of the timeline in place with effects baked in.
  • Support for motion blur controls for motion based video transitions.
  • Support for dragging effects directly into the inspector.
  • Support for conversion of basic transitions into Fusion transitions.
  • Support for timeline compositing using Resolve FX & OpenFX alpha.
  • Support to retain image position in the crop section of the inspector.
  • Support to navigate the timeline with arrow keys without affecting selection.
  • Support to change clip selection using arrow keys and command modifier.
  • Support for a thumbnail view in the effects library.
  • Support for sorting timelines alphabetically, creation date or recent use.
  • Support for disabling timelines within the media pool.
  • Improved timecode entry with multiple modes and dedicated action.
  • Support for copy paste of timecode or frame in viewers based on mode.
  • Support for compositing using track mattes or external alpha.
  • Support for Fusion effect templates in the edit page.
  • Support for viewer overlays for Fusion templates and titles.
  • Support to save and show smart bins in all projects.
  • Support for creating multiple multicam clips by splitting at gaps.
  • Support for compound clip or timeline conversion into multicam clips.
  • Support to optionally zoom timeline at the cursor or the playhead.
  • Support for a fast play review from the playback menu.
  • Support for hovering on title font names to preview on viewer.
  • Support for monitoring HDR and SDR outputs for Dolby Vision projects.
  • Support for monitoring stereoscopic 3D timelines.
  • Support for creating DCTL based transitions.
  • Support for importing EDL, XML etc. without media to empty media pool.
  • Support for floating video scopes in media view in a dual monitor mode.
  • Support for closing take selector or retime using escape.
  • Support for creating a new timeline using an IMF composition playlist.
  • Improved behavior when switching between clip and edit point selections.
  • Improved waveform syncing when creating multicams or aligning clips.
  • Improved track compositing when the media doesn't cover the full canvas.
  • Support for independent track height and view mode options.
Fusion
  • Audio playback along with waveform display in the keyframes panel.
  • Viewing and editing clip and timeline markers in the keyframes panel.
  • Resolve FX Dead Pixel Fixer, DCTL and Patch Replacer.
  • Audio playback along with waveform display in the keyframes panel.
  • Anim curves modifier for convenient easing and shaping of animations.
  • Support for user customization of the Fusion toolbar above the node editor.
  • Support for auto creating a composition when adding tools or media.
  • Support for additional dual screen layouts.
  • Support for full featured unified inspector with tabs and keyframe control.
  • Initial support for a GPU accelerated 2D shapes toolkit for motion graphics.
  • Improved optical flow behavior.
Workflow Integrations
  • Open toolkit to create DaVinci Resolve Studio workflow integration plugins.
Codecs
  • Directly uploading to Twitter from within DaVinci Resolve.
  • Per frame metadata from Blackmagic RAW clips.
  • Per frame metadata from ARRI, RED, Canon and Sony cameras.
  • Decoding and rendering per-frame EXR metadata.
  • Updated metadata support for Sony MXF clips.
  • Open plugin SDK toolkit for encoder developers.
  • Growing file support in the media pool.
  • Decoding QuickTime PNG clips.
  • Decoding uncompressed RGB 8-bit and YUV 10-bit AVI clips.
  • Decoding spanned Panasonic 8K SHV clips.
  • Decoding and encoding GoPro CineForm clips with non multiple of 16 res.
  • Decoding and encoding mp3 audio in Linux.
  • Decoding and encoding high-throughput JPEG 2000 (HTJ2K).
  • Bypass re-encodes for supported JPEG 2000 profiles on renders.
  • Encoding IMF MCA audio metadata.
  • Encoding IMF and DCP as reels based on duration or edits.
  • Exporting non-HDR DCP metadata option.
  • Exporting HDR tags in DCP workflows.
  • Support for reading RAW clips and audio clips from Frame.io.
  • Support for additional NVIDIA encoder parameters for H.264 and H.265.
  • Support for rendering 10-bit HDR IMF clips.
  • Support for a 16 bit SDR IMF preset.
  • Support for Photon 4.8.0 for IMF validation.
General
  • Proxy media workflow supporting internal and externally generated media.
  • Optimized media is now automatically available across projects.
  • Generation of optimized media can now be limited to edit extents.
  • In and out ranges are now synchronized between pages.
  • Significantly improved performance with large collaboration projects.
  • Stability improvements with new GPU detection and initialization.
  • Better interactivity and playback performance on multi-GPU systems.
  • Consistent pan, zoom and scroll behavior with mouse and trackpads.
  • Support for importing and exporting individual timelines using .drt files.
  • Support for importing and exporting individual bins using .drb files.
  • Support for exporting .drt files for media managed timelines.
  • Support for auto linking .drt files to source camera clips.
  • Support for auto linking .drt files generated using media management.
  • Improved error handling for media management jobs.
  • Support for a warning about media offline when creating render jobs.
  • Support for smart bins and smart filters to check if media is offline.
  • Support to scan all connected databases for remote rendering jobs.
  • Support for new resize filter options in project settings and edit inspector.
  • Support for render caching adjustment clips.
  • Support to adjust numeric field entries using arrow keys based on cursor.
  • Support to ignore unsupported OpenFX plugin packages in preferences.
  • Support for independently configuring capture and playback devices.
  • Support for displaying source frame number in data burn-in.
  • Support for adjusting text opacity for data burn-in.
  • Support for configuring multiple custom LUT paths.
  • Support for Thai & Vietnamese UI localizations.
  • Support for a render codec tag for render path and file name.
  • Support for ITU-R BT.2111-1 HDR test bar patterns.
  • Support for showing fast forward & rewind speed.
  • Support for NVLink high speed interconnect with supported NVIDIA GPUs.
  • Support for xGMI high speed interconnect with supported AMD GPUs.
  • Support for an integrated title bar in the application window on Mac OS.
  • Support for previous and next navigation across Frame.io markers.
  • Support for triggering a script at the start or end of a render.
  • Multiple scripting API improvements.
  • Multiple performance and stability improvements.
Minimum system requirements
  • Windows 10 Creators Update.
  • 16 GB of system memory. 32 GB when using Fusion.
  • Blackmagic Design Desktop Video 10.4.1 or later.
  • Integrated GPU or discrete GPU with at least 2 GB of VRAM.
  • GPU which supports OpenCL 1.2 or CUDA 11.
  • NVIDIA/AMD/Intel GPU Driver version – as required by your GPU.
  • A minimum NVIDIA driver version of 451.82 is recommended.
Installing DaVinci Resolve software
Double-click the DaVinci Resolve Installer icon and follow the onscreen instructions. To remove DaVinci Resolve from your system, go to the Programs and Features control panel, select DaVinci Resolve, click on Uninstall and follow the onscreen prompts.
Migrating legacy Fairlight projects to DaVinci Resolve
In order to import legacy Fairlight DR2 projects into DaVinci Resolve, download and install the following utility on your Windows system: https://downloads.blackmagicdesign.com/DaVinciResolve/Fairlight-Project-Importer.zip
After installing the utility, you should see an option to "Import Fairlight Project" in the Fairlight menu in DaVinci Resolve.
Additional information
Please refer to the latest DaVinci Resolve configuration guide for details on Windows support, including certified driver versions for third party hardware. It is available from www.blackmagicdesign.com/support/.
You will also need to download and install the latest Blackmagic Design Desktop Video software for monitoring with your Blackmagic Design video hardware. Desktop Video is available from www.blackmagicdesign.com/support/.
© 2001-2020 Blackmagic Design Pty. Ltd. All rights reserved. Blackmagic Design, Blackmagic, DeckLink, Multibridge, Intensity, H.264 Pro Recorder and "Leading the creative video revolution" are trademarks of Blackmagic Design Pty. Ltd., registered in the U.S.A and other countries. Adobe Premiere Pro, Adobe After Effects and Adobe Photoshop are registered trademarks of Adobe Systems. Avid Media Composer and Avid Pro Tools are registered trademarks of Avid. Apple Final Cut Pro, Apple Motion and Apple Soundtrack Pro are registered trademarks of Apple Computer.
Updated November 9, 2020.
Edit: formatting Edit2: crap can't change the title, it's beta 1. Deleted original post, reposted.
submitted by AlexIsPlaying to blackmagicdesign

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