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Thread: Vizrt acquires NewTek

  1. #1
    Super Member Qexit's Avatar
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    Vizrt acquires NewTek

    I know this has already been posted in the Tricaster section but thought I'd mention it here as well so everyone knows about it:

    https://www.newscaststudio.com/2019/...sition-newtek/

    https://www.vizrt.com/broadcasting/n...cquires-newtek

    Although today is April 1st, the final line in the article in the second link states:

    'Both companies will be presenting to customers, partners, and press at NAB on Sunday 7th April in the Las Vegas Convention Center North Hall. Executives from both companies will be included in order to give further details on the acquisition. '

    This does suggest it is a genuine announcement and that full details should come out at the NAB presentation on Sunday 7th April. Lightwave isn't mentioned in either piece so hopefully some mention of it will be part of the presentation at NAB.

    ************************************************** **********
    Edit: for the convenience of anyone coming new to the thread, here is the response from NewTek Sr Mgr of Communications, Chuck Baker:

    The most immediate change all users of nearly all NewTek products can expect (and LightWave is one of the nearly all) is that our development and marketing of NewTek products (including LightWave 3D) is not changed by this. As some industry analysts have commented, VizRT and NewTek are essentially complementary companies, and putting them together creates virtually no redundancies. What results is a company with a much wider range across the media and content production industries, in terms of both reach and product range. This also brings together two companies known for innovating software solutions for media and content production and distribution, particularly in areas where big proprietary single-purpose hardware was formerly the solution. Our goal for LightWave remains to increase the success of the product through thoughtful strategic innovation and development.

    And please note: "nearly all" may really just be all. I only used the qualifier, because this is entirely new and I have no idea what to anticipate and just don't want to overstate the case if there may be some degree of changes going forward. But whether it turns out to be all or just nearly all, LightWave is in that column.


    Posted here in message 66: https://forums.newtek.com/showthread...=1#post1568368
    Last edited by Chuck; 04-03-2019 at 02:13 PM.
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  2. #2
    Registered User calilifestyle's Avatar
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  3. #3
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    Well That happened...
    Here the latest video of the company
    https://www.youtube.com/watch?v=g-5HRXYhGnc

    I do wonder what that means for Lightwave...I find it hard to fathom future Lightwave not being more integrated into the other products
    This message does not reflect the opinions of the US Government, CG Networks or CGTALK.com. The opinions expressed on this posting are on my own volition.

  4. #4
    so no comment from the powers that be before people burn the farm down? odd.

    st3.

  5. #5
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    Vizrt is the only company I can say that I actually don’t mind this at all and am very excited about the future. I am hopeful this will also improve the future of Lightwave. It really is an awesome match and I love Dr. Cross’s new role. I’ll be downloading Vizrt artist soon to check it out. But NewTek definitely needs to make some announcement/posts soon to further confirm and get me even more excited.

  6. #6
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    Oh boy ... all of a sudden I feel like a little kid scared of the dark. I hope maybe Chuck or Steve can comment (just any comment will do at this point ).

    Oh well, let's hope good comes of it.

  7. #7
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    ..I love the all messages at 1st April..

    I will make Judgment Day at 1st April..

  8. #8


    so, it's true. all of it. bought.
    https://www.netfonds.no/quotes/relea...BI.20190401S93

    LightWave is Norwegian now...
    https://en.wikipedia.org/wiki/Vizrt





    make me proud!
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  9. #9
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    Nice coming on 1st April, like a double-bluff kinda thing where everyone thinks it is a joke, then dawns a week later it was real. Alright, I'll kick off first with the conspiracy theories. Not a random sale, this must have been planned for ages - Rob and Lino had a strategic vision for LW but weren't told of any sale plans and were also presented with the NT Golden Boot Award for services rendered (no pun intended). Couple of LW updates to show it is not deadware but still a current asset, then NT print an invoice of many zeros for the final sale (which the boss hand delivers...). C'mon, someone top that.

    More seriously, can anyone who knows anything about the new company say what it might mean for LW. Subscription ? Jettisoned altogether ?

  10. #10
    This makes sense as Tim Jenison probably wanted to retire at some point. These things never happen on a whim so that kind of explains the firings of Rob and gang - they were making the books look good for LW. So I guess we can be grateful they got canned - lose a few to save the many as well as the product.

    Edit: You beat me to it Lexx.
    Tim Parsons
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  11. #11
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    No new buyer is attached to company just acquired, so can sell it in a blink of eye to whoever gives the best price, giving after tax, the nice profit..

    ..and then just bye, bye..

  12. #12
    Quote Originally Posted by Sensei View Post
    No new buyer is attached to company just acquired, so can sell it in a blink of eye to whoever gives the best price, giving after tax, the nice profit..

    ..and then just bye, bye..
    I don't see that happening. It is a synergy between two similar companies and makes perfect sense.
    Last edited by Tim Parsons; 04-01-2019 at 05:15 PM.
    Tim Parsons
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  13. #13
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    Tim...

    A.I. will eat you all in the blink of an eye..

    Humans must be smart. Humans must be smarter. Humans must be extremely smart..
    Last edited by Sensei; 04-01-2019 at 05:17 PM.

  14. #14
    If this is a joke it's like "The Office" boss humor: No one asked for it, no one is laughing.

    If true, best of luck, for LW and Tricaster users. :/

  15. #15

    it's true, 100%
    www.oslobors.no is a reliable source. they handle all the Norwegian stocks.
    > https://newsweb.oslobors.no/message/473495

    strange date, but hey.
    Last edited by erikals; 04-01-2019 at 06:25 PM.
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