Avid software started in video editing in the early 90’s, then bought Digidesign (makers of Pro-Tools professional audio) as well as M-Audio (consumer audio) and for the last few years has been one of the biggest A/V hardware and software companies.
Today they announced they are selling M-Audio and their consumer video product division to focus on the professional market. M-Audio is being sold to the parent company of Akai, which should work out well since Akai makes great professional and pro-sumer audio gear. Corel (they are still alive?) is picking up the consumer video software, which I’ve never used.
Just an FYI – if you own an M-Audio warranty or were just about to drop on some new M-Audio gear, you might want to hold off.