It IS so. They bought the desktop product line and are suposedly keeping the production team in place and at home where they've been working.
How it plays out over the nest 2 years is another matter but the products are worthwhile to Sony. If they screw up it will be by providing the special brand of phone support we know so well in the US. To paraphrase:
"But I wanted an ARGUMENT!"
"Oh! Well! This is "Abuse". Let me give you a new number..."
when i were at Sony I had to get up two hours before I went to bed and add motion blur blur and the film look to DV tape by licking 3 miles of it with my tongue......
Here comes Screenblast Vegas! Hope they don't muck it up. I expect the same quality in the future, printing to my, uh, Sony tape deck or burning a DVD on my, um, Sony multiformat drive...
When I first started video editing, we had to provide our own scissors to cut the film. Had to sort through 15 miles of footage in an hour or our line manager would beat us up with his pointy stick and sack us.
We had to record all our own sound effects out on farm, video effects were all made up with bits of string, sticky plaster and mirrors, and had to have final footage, ready for broadcast on the 6 o'clock news, every night.
Wages were 6 shillings and 6pence..
You tell that to people today... and they don't believe you!
Take a look at the main Vegas forum page, bottom right corner, type in 11175 or so and click "Go" to go back to the first posts on this forum--Vegas Pro, June 1999...
6 shillings and 6pence?!?!? We used to DREEEAAAM of getting 6 shillings and 6 pence!
In my day we used to PAY our bosses THOUSANDS of dollars in GOLD BULLION for the HONOUR of working 26-hour days over a flame-hot low-band U-Matic edit suite using a dodgy controller with one jog-shuttle dial missing and upturned rusty nails where the preview button should be! We used to LAUGH with unbridled JOY as we slaved over mind-numbingly dull corporate videos while the clients used knives dipped in lemon juice to TEAR strips of skin from our backs! We smiled like angels as we sorted through tapes with corrupted control tracks while the clients rubbed coarse sea salt into our gaping wounds as they screeched "Is it finished yet? We want a discount if it's late! Is it finished yet?".
And if you tell that to young people today... they won't believe you!