Business
Deal With Iconic Sporting Venue
Deal With Iconic Sporting Venue.
About this update from Blackbird Plc
[{"type":"text","content":"\n \nRNS Number : 7624F Forbidden Technologies PLC 01 August 2016 \n\n1 August 2016\n \nForbidden Technologies plc\n(\"Forbidden\" or the \"Company\")\n \nForbidden Technologies Agrees Deal With Iconic Sporting Venue\n \nForbidden Technologies plc (AIM: FBT), the AIM-quoted market-leading cloud video platform owner, announces that it has today agreed a deal with an iconic sports, music and entertainment venue in New York which while on its own is below 10% of annual revenue, is however part of a trend towards higher value annualised deals with long term growth potential. \n \nThe venue will be using Forbidden's cloud platform to dramatically improve its time to market of digital content. Historically it has taken between 30 and 55 minutes to distribute media highlights to a digital audience and consequently access the associated advertising revenues. Using the Company's platform significantly reduces the time involved in this process, often to less than five minutes. \n \nThis workflow allows the venue to maximize its revenue opportunities, reduce its reliance on physical hardware, and allows its staff to work remotely, mitigating the risk of adverse weather conditions.\n \nChief Executive of Forbidden Technologies, Aziz Musa, said:\n \n\"Signing this iconic venue is another step towards our aspirations in sports and in the US. This platform sale also has further potential for growth as we continue to grow our relationship with the client and the individual events that they support.\"\n \nFor more information visit www.forbidden.co.uk\n \nEnquiries:\nForbidden Technologies plc \nDavid Main, Chairman\nAziz Musa, Chief Executive\nTel: +44 (0)20 8879 7245\n \nAllenby Capital Limited (Nominated Adviser and Broker)\nNick Naylor\nJohn Depasquale\nRichard Short\nKatrina Perez\nTel: +44 (0)20 3328 5656\n \nRedleaf Communications (Financial PR Adviser)\nRebecca Sanders-Hewett\nDavid Ison\nSusie Hudson\nTel: +44 (0)20 7382 4730\nEmail: [email protected]\n \n \nAbout Forbidden Technologies plc \n \nForbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) floated in February 2000.\n \nThe Company develops and markets a powerful cloud video platform, which is used by broadcasters, in professional web video, in education and by consumers. The C...