Vegas & Sony news

Yi Fong Yu · January 1st, 2004, 11:08 PM

quick question, why did sonic foundry sell vegas4 to sony? was it only $? that'd be kinda shortsighted.

Will Fastie · January 2nd, 2004, 09:48 AM

It was survival. The sale to Sony erased, in effect, substantial debt while leaving Sonic with a viable business. Without the sale, SF's future was in doubt.

So Sonic stays in business and Vegas survives in other colors. Hard to argue with the outcome.

See the press release for 2003 financial results.

Will

January 1st, 2004, 11:08 PM	#16
Yi Fong Yu Trustee Join Date: Sep 2002 Location: Vulcan Posts: 1,564	quick question, why did sonic foundry sell vegas4 to sony? was it only $? that'd be kinda shortsighted. __________________ bow wow wow

January 2nd, 2004, 09:48 AM	#17
Will Fastie Major Player Join Date: Feb 2003 Location: Jarrettsville, MD Posts: 353	It was survival. The sale to Sony erased, in effect, substantial debt while leaving Sonic with a viable business. Without the sale, SF's future was in doubt. So Sonic stays in business and Vegas survives in other colors. Hard to argue with the outcome. See the press release for 2003 financial results. Will