Forbidden Tech moves into sports sector

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.

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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.