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Thursday 04 April, 2019

Forbidden Tech.

Gfinity extends Blackbird partnership

RNS Number : 0515V
Forbidden Technologies PLC
04 April 2019
 

FORBIDDEN TECHNOLOGIES PLC

("Forbidden" or the "Company")

 

Gfinity extends Blackbird partnership for the delivery of esports clips and highlights

 

 

4th April 2019, London - Forbidden Technologies plc (AIM: FBT) is pleased to announce that Gfinity, one of the world's leading esports companies, has extended its Blackbird partnership for a further 12 months.

 

Gfinity designs, develops and delivers esports solutions for game publishers including Microsoft and EA Sports and rights holders such as F1 and the English Premier League. It creates entertainment-based content to support tournament and competition play and build fan engagement with teams, the players and the game. Gfinity utilises Blackbird to rapidly create highlights and other content from live streams for social channel distribution.  

 

Gfinity was Blackbird's first customer in the rapidly expanding global esports industry when it used the technology to create highlights of Gfinity's Elite Series, filmed at the Gfinity Arena, which features the world's leading esports teams. Blackbird has subsequently expanded its involvement in the esports industry into the US where it was used to drive fan engagement for the live pro-celebrity Fortnite event in Los Angeles in 2018.

 

Ian McDonough, CEO of Forbidden, said: "Esports is a rapidly growing sector, with revenue expected to reach almost $1.8 billion in 20221 and we are delighted that Gfinity has expanded its relationship with Blackbird. It is an industry which plays to Blackbird's strengths - the need to rapidly log and clip game highlights for distribution across websites and social media channels is key to audience engagement. Esports is an exciting sector where we see more opportunity to increase the take up of Blackbird."

 

Graham Wallace, Global Chief Operating Officer, Gfinity said: "Esports is one of the world's most exciting and fastest growing industries. The core fan base is young and demanding. They want high-quality real-time content that tell stories about the games they love and the teams and players they follow. This 'reason to care' content is what we create and through our partnership with Blackbird ensure it is seamlessly delivered in the best format for their different devices. An esports revolution is taking place, great content is king and Gfinity is at the epicentre."

 

Gfinity joins a growing number of Blackbird users in the global live events sector including MSG Networks, IMG, Deltatre and Peloton. In other markets, the Blackbird cloud video platform is used by major media companies such as Peloton, BBC, TownNews and Atlas Digital.

 

 

Websites

www.blackbird.video

www.forbidden.co.uk

 

Social media

www.linkedin.com/company/forbidden
www.twitter.com/forbiddentech
www.facebook.com/ForbiddenTechnologies/

 

Contacts:

 

Forbidden Technologies plc

Tel: +44 (0)20 8879 7245

Ian McDonough, CEO

 

Adrian Lambert, Marketing Director

 

 

 

Allenby Capital Limited (Nominated Adviser and Broker)

Tel: +44 (0)20 3328 5656

Nick Naylor

 

John Depasquale

 

Nicholas Chambers

 

     

 

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 its patented Blackbird technology. The technology underpins multiple applications, which are used by rights holders, broadcasters, sports and news video specialists, eSports live events and content owners, 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, and results in much more effective monetization.

 

Blackbird® is a registered trademark of Forbidden Technologies plc.

 

About RNS Reach announcements

This is an RNS Reach announcement. RNS Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on RNS Reach.

 

 

1 Source: https://www.statista.com/statistics/490522/global-esports-market-revenue/


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