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Adobe Faces Financial Penalties Due to an Ongoing FTC Investigation

It has been a busy week for Adobe, for good and bad reasons alike. In addition to recording record revenue, yet again, and being sued by a Dutch data watchdog for alleged illegal data collection, Adobe is also under investigation by the Federal Trade Commission (FTC) for its disclosure and subscription cancellation practices.

Adobe increases its Creative Cloud prices, posts record revenue. Adobe HQ in California.

Adobe Hikes Creative Cloud Prices as it Rakes in Record Revenue

This week, Adobe announced the public release of Adobe Firefly, the company's generative artificial intelligence platform, and updates to Premiere Pro. Adobe has also announced a price hike for Creative Cloud subscription plans and record revenue for its third fiscal quarter this year.

Adobe at IBC 2023

Adobe Premiere Pro Uses AI to Enhance Speech

As IBC 2023 kicks off in Europe, Adobe has unveiled improvements to its flagship video editing software, Premiere Pro. Adobe has also revealed key improvements to Frame.io, the company's cloud-based workflow platform.