Shares of Forbidden Technologies surged over 90% on Monday after it announced that it has licensed its FORscene Cloud editing platform to YouTube.
No financials details were released in the company statement however the group said, " the agreement will make a significant contribution to the performance of the company over the next twelve months."
"As is usual in bigger projects, FORscene will provide the Cloud editing element in a larger integrated system. YouTube will use Forbidden Technologies' FORscene platform to support remote video editing and publishing for web and broadcast delivery," Forbidden Technologies explained.
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
Shares in the group rose around 90p in early trading, to 29.5p valuing the group at £25m.
--
cj
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
