Blackbird and TownNews.com expand across the US

RNS Number : 3210S

Forbidden Technologies PLC

25 June 2018

 

Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement, this information is now considered to be in the public domain.

25 June 2018

Forbidden Technologies plc

("Forbidden" or the "Company")

Blackbird and TownNews.com expand across the US

Forbidden Technologies plc (AIM: FBT), the developer and seller of cloud video platform technology using its patented Blackbird technology is pleased to announce that TownNews.com has significantly expanded its partnership with Blackbird in the US market.

Blackbird Forte will be used extensively by one of TownNews.com's major partners to deliver news content across multiple platforms to towns and cities in 11 states across the US. At the heart of this integration is Blackbird, believed by the Board to be the only codec specifically designed for manipulating video in the cloud.

Blackbird gives TownNews.com's partner the freedom to rapidly access, navigate and manipulate content no matter their location. They can then deliver stories with unprecedented control using Blackbird Forte's browser-based enrichment, editorial and publishing tools. 

Forbidden has agreed a significant six-digit two-year deal with TownNews.com for the licensing of Blackbird for use in this media broadcast infrastructure.

TownNews.com provides over 1,700 newspaper, broadcast and magazine publications in the US with web, print, mobile and social media services and solutions. TownNews.com's integration of Blackbird provides its customers with a powerful editing suite for rapid and remote manipulation of video content in the cloud.

Forbidden CEO, Ian McDonough says: "This expansion of Forbidden and TownNews.com's partnership is a very exciting development for both companies. This rollout is the first true execution of Forbidden's OEM strategy for Blackbird. Blackbird will be a key part of the infrastructure across US news channels in 11 states.  This is a key step in taking Blackbird deployment to a whole new scale. Our recent fundraising allows us to execute and support partnerships of this size to a world class standard."

TownNews.com CEO, Brad Ward says: "Blackbird Forte gives our customers powerful cloud-based video editing capabilities that they can't get anywhere else. We look forward to continuing to expand our relationship with Forbidden Technologies for a long time to come."

Enquiries:

Forbidden Technologies plc

Ian McDonough, CEO

Jonathan Lees, Finance Director

Tel: [phone]

Allenby Capital Limited (Nominated Adviser and Broker)

Nick Naylor

John Depasquale

Nicholas Chambers

Tel: [phone]

About Forbidden Technologies plc

Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) floated in February 2000.

Forbidden develops, markets and licenses a powerful cloud video platform using our patented Blackbird technology. The technology underpins multiple applications which are used by rights holders, broadcasters, sports and news video specialists, post-production houses, other mass market digital video channels and corporations.

The Blackbird technology allows full visibility on multi-location digital content, improves time to market for live content such as video clips and highlights for social media distribution which results in improved monetisation of video content.

Blackbird® is a registered trademark of Forbidden Technologies plc.

Websites:

www.forbidden.co.uk

www.blackbird.video 

About TownNews.com

TownNews.com was founded as the International Newspaper Network (I.N.N.) in 1989 to help community newspapers with developing technology.

Today, their integrated digital publishing and content management solutions power some of the most distinguished media organisations in the industry. More than 1,700 newspaper, broadcast, magazine and web-native publications rely on them for their web, print, mobile and social media products.

Their complete solutions suite includes add-ons for data management, content exchange, over-the-top (OTT) video, business directory and more, helping to boost revenue, improve efficiency and grow audiences. Lee Enterprises (NYSE: LEE) of Davenport, Iowa, became majority partner in 1996. They are headquartered in Moline, IL.

TownNews.com acquired Field59, creator of acclaimed video management and streaming solutions for media organisations in April of 2018. Field59 have been a customer of Forbidden since 2008.

 

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