Re: Media 100 for sale by Andrew Mehta on Apr 8, 2015 at 7:40:25 pm
Perhaps - only that wouldn't be fair on Floh, after all the work he's put in for Boris (probably pro-bono) on the Yosemite version.
That said, he did say in January: "Hopefully there will be a nice announcement from Boris about Media 100 soon, not only covering Yosemite support."... so some news beyond Yosemite might be in the works!
Re: Media 100 for sale by Marcus Warren on Apr 8, 2015 at 9:18:25 pm
Thanks to Floh's for his hard work, but a fear of mine is that by the time M100 is ready for Yosemite, Apple will be on the verge of releasing the next version of the OS and we'll have to do this dance again. Perhaps something positive will be announced at NAB, but honestly I see BorisFX's time consumed with Imagineer Systems and BCC. I bet that RED, FEC and every other Boris product is on a back burner and that Media 100 is not even on a burner. I so very much want to be proven wrong.
Re: Media 100 for sale by Michael Slowe on Apr 8, 2015 at 9:48:18 pm
Boris certainly has acted in an odd manner regarding Media 100. He rescued it, praise be to him for that, developed it, then completely ignored it (and us).
If there is a buyer then they would be getting an absolutely first class product and may yet reinstate it in the market place. With more and more people editing video throughout the world there must be a place for such an intuitive, comprehensive system such as Media 100. They can't all be wanting to use FCP and Premiere Pro surely? The problem is we're all 'preaching to the converted', we'd like to know what the wider editing world thinks.
Re: Media 100 for sale by Andrew Mehta on Apr 13, 2015 at 1:16:24 am Last Edited By Andrew Mehta on Apr 13, 2015 at 1:17:37 am
A little bit more elaboration...but it seems they sold the patents to Acoustic for $1million, and the Media100 software to BorisFX for $20,000. =P.
Agreement with Acoustic Technology LLC
During September 2005, we executed an agreement with Acoustic Technology LLC for the sale of certain intellectual property rights for $1 million in cash. According to the agreement we will still maintain a worldwide right and license to develop and sell products covered by such intellectual property rights.
Agreement with Artel Software Corp.
In June 2004 we acquired certain assets and assumed liabilities of Media 100 Inc. as part of a pre-packaged bankruptcy filing of Media 100, see Item 4A. “History and Development of the Company” under the heading “Capital Expenditures for the Last Three Years”. During the third quarter of 2005 we entered into an agreement with Artel Software Corp. (commonly known as Boris FX), or Boris FX, for the sale of our Digital Non-Linear Editing product line activity including all service, warranty and maintenance obligations for $20,000. Under the terms of the agreement Boris FX and us will share revenues derived from any future sales of these products and services up to $2 million and we will supply Boris FX, at Boris FX’ request, with manufacturing services for the Media 100 HD boards for a period of 24 months beginning on September 28, 2005.
Re: Media 100 for sale by Andrew Mehta on Apr 13, 2015 at 2:44:32 am Last Edited By Andrew Mehta on Apr 13, 2015 at 3:18:53 am
Optibase's annual report from 2005, gives some of their thinking on the competitive market Media100 faced:
The principle competitors of our Digital Non-Linear Editing products are Accom®, Inc., Adobe Systems Inc., Apple Computer, Inc., Avid Technology, Inc. Discreet (a division of Autodesk, Inc.), Leitch®, Inc., Matrox® Electronic Systems Ltd., Pinnacle® Systems, Inc., and Quantel Ltd. Competition also comes from Matsushita® Electric Industrial Company Ltd. (“Matsushita”) and Sony Corporation (“Sony”), which have either introduced or announced plans to introduce disk-based systems. Because the market is constantly changing, it is difficult to predict future sources of competition; however, competitors are likely to continue to include larger vendors, such as Apple Computer, Matsushita, and Sony
Many of these competitors have substantially greater financial, technical, and marketing resources than Optibase.Some of our actual and potential competitors may have longer operating histories, greater name recognition, access to larger customer bases and significantly greater financial, marketing, technical and other resources than we do. Our competitors also sell products that provide some of the benefits of the products that we sell, and we could lose sales to our competitors. Moreover, some companies in the digital video and streaming market, including some of our competitors, are participating in business combinations. These combinations may result in the emergence of competitors who have greater market share, customer base, sales force, product offering, technology expertise and/or marketing expertise than we do. As a result, our competitors may be able to adapt more quickly to new or emerging technologies and changes in customer requirements or to devote greater resources to the promotion and sale of their products than we can. Thus, we cannot assure you that we will be able to compete successfully against current and future competitors, or that we will be able to make the technological advances necessary to improve or even maintain our competitive position or that our products will achieve market acceptance.
In addition, we expect price competition to escalate in the digital video and streaming market. We have consistently attempted to minimize the effect of price reductions in the market by introducing more sophisticated products at the top of our product line, and thereby attempt to maintain higher selling prices. However, competition in the future may force us to further lower product prices and we may be unable to introduce new products at higher prices. We cannot assure you that we will be able to compete successfully in this kind of price competitive environment. Lower prices and reduced demand for our products would reduce our ability to generate revenue. Failure by us to mitigate the effect of these pressures through cost reduction of our products or changes in our product mix could have a material adverse effect on our business, financial condition and results of operations.
Re: Media 100 for sale by Marcus Warren on Jun 14, 2015 at 11:13:59 pm
Considering that BorisFX initially sold Media 100 for more than $1,000 a copy, they may have hit that mark after selling less than 2000 licenses. I sure would like to know the total sales figures for Media 100 since BorisFX took over.