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Forbidden extended deal with IMG Media

By BFN News | 07:55 AM | Tuesday 01 March, 2016


Forbidden Technologies has agreed an extended 12-month deal with IMG Media, a division of sports, events, media and fashion company IMG, to use Forscene as a rapid turnaround editing platform for its seasonal contracts. IMG Media originally became a customer of Forbidden in 2015. Within nine months, it had moved to creating highlights packages from 6 channels to 12, and had extended its use to include a high profile sporting event in September/October 2015. As a result of this expansion Forbidden was able to invoice IMG Media 20% more than the original "fixed price" budget. The new annual agreement will begin with licences for 12 channels. Forbidden's management expects demand to increase throughout the duration of the agreement. The success of the ad hoc event mentioned in the previous paragraph leads Forbidden's management to expect growth in this area during 2016, opening up the prospect of this deal making IMG Media one of the Company's largest customers, delivering significant revenue in 2016. Story provided by StockMarketWire.com

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