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 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
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Energy bills to rise by 1.2% in January 2025
Energy bills are set to rise 1.2% in the New Year when the latest energy price cap comes into play, Ofgem has confirmed
By Dan McEvoy Published
-
Should you invest in Trainline?
Ticket seller Trainline offers a useful service – and good prospects for investors
By Dr Matthew Partridge Published