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AVID to buy Pinnacle


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But didn't Pinnacle Systems retain the right of access to "certain intellectual property" of Steinberg's?

 

Posted at Pinnacle Systems - Press Release :

Pinnacle Systems Enters Into Agreement to Sell Steinberg Audio Software Business to Yamaha Corporation

 

As part of the transaction, Steinberg and Pinnacle will cross-license certain intellectual property on a royalty-free basis and Pinnacle will continue to distribute Steinbergs WaveLab Lite audio editing product with Pinnacle Studio Media Suite.

Very interesting...

 

Best,

 

Geoff

My Blue Someday appears on Apple Music | Spotify | YouTube | Amazon

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A smart contract lawyer would have put a clause into the sale agreement that would cover this possibility. IOW, "if the remainder of Pinnacle is sold to a third party competitor, then this license / sharing agreement portion of the contract becomes null and void" or whatever. I wouldn't be surprised if that's "in there" someplace in one of the agreements.
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Yamaha won't give anything to Digi, nopers...

 

R

Label on the reverb, inside 1973 Ampeg G-212: "Folded Line Reverberation Unit" Manufactured by beautiful girls in Milton WIS. under controlled atmosphere conditions.
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