Shares in Forbidden Technologies plc (LON:FBT) were on the move this morning after the video editing specialist revealed it had expanded an existing deal with an “iconic sports, music and entertainment venue in New York”.
The unnamed venue has been using Forbidden’s Forscene cloud video platform to improve the time to market for digital clips.
By using Forscene, the AIM-quoted firm said the venue had achieved its objective of being the first to market the distribution of digital highlights of the events held at its location.
Given the success so far, the arena is now expanding the number of live feeds to this clipping service.
“Expanding the scale of our relationship with this iconic venue is clear validation of the value we can bring into the live sports and entertainment market,” said chairman Forbidden Technologies.
“Our Forscene cloud video platform provides the venue with the capability to outperform competition in terms of speed to market for the highlights of live events.”
Shares added 2.1% shortly after the opening bell to 6.12p.