Forbidden Technology shares jumped on Monday morning after it said it was pushing its online video editor into the sporting sector.
Forbidden said it had licensed its FORscene product for third parties to use to edit dozens of concurrent high definition sports video streams this summer.
This amounted to thousands of hours of content in aggregate, it said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
FORscene will then prepare the edited videos for export at HD resolution, with the finished videos being distributed through third party websites for viewing across several continents.
In addition, a major US TV network is using FORscene in a broadcast sports workflow, the company added.
"FORscene's scaleability and ability to edit content as it arrives in real time are well suited to sport," said Chief Executive Stephen Streater.
"These applications demonstrate FORscene's exceptional capabilities in a major sports project."
The company's shares rose 16% following the announcement.
Who is the richest person in the world?
The top five richest people in the world have a combined net worth of $825 billion. Who takes the crown for the richest person in the world?
By Vaishali Varu Published
Top 10 stocks with highest growth over past decade - from Nvidia, Microsoft to Netflix, which companies made you the most money?
We reveal the 10 global companies with the biggest returns since 2013. One firm has posted an astonishing 9,870% return, meaning a £1,000 investment would now be worth almost £82,000.
By Ruth Emery Published