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Grass Valley still expects acquisition to complete this quarter

Company has also announced new camera, switcher and GV Media Universe

Tim Shoulders, the president of Grass Valley, has said he still expects the company’s acquisition by Black Dragon Capital to complete this quarter, despite the coronavirus pandemic.

Speaking during the company’s spring 2020 virtual press conference, Shoulders said both current parent company Belden and Black Dragon had completed a lot of work around the acquisition before the pandemic hit.

Both companies are still “working forward” and expect to complete the deal this quarter, added Shoulders.

As part of the event, Grass Valley announced a new high-speed, native UHD camera, the LDX 100, as well as its newest production switcher engine that features true single-stream, full raster processing at 2160p, the K-Frame XP.

The LDX 100 has been built specifically for IP-connected workflows, such as remote/at-home production and connects directly into the contribution network.

The new switcher, K-Frame XP, is compatible with Grass Valley’s switcher control surfaces Kayenne, Karrera, GV Korona and KSP. The K-Frame XP removes the processing power barriers that have existed that forced compromises in I/O count and the on-air look.

Shoulders also revealed the first details of GV Media Universe which the company believes will “revolutionise the way live media is produced.” Powered by its core technology GV AMPP,  GV Media Universe is a concept designed around a comprehensive ecosystem of Cloud-based tools and services interconnected with existing solutions, partner offerings and a community of marketplaces.

More details about GV Media Universe will be unveiled at the company’s GV LIVE Presents – Innovate 2020 on 23rd April.