New Sports Post Production Agreement
Forbidden Technologies plc (AIM: FBT), the AIM-quoted owner and developer of the market leading cloud video platform, Forscene, is pleased to announce an agreement within the sports production market.
Forbidden has been informed that Forscene will be used as part of a three year agreement, to begin in 2015, to provide Forscene to a major sports digital content producer. The typical size of individual sport production deals at Forbidden is a multiple of the typical size of deals for broadcast post production that the Company has historically won. The terms of the agreement are bound by various confidentiality clauses but the Company can confirm it expects total revenue over the lifetime of the agreement to be material in the context of the Company’s previous sports contracts. This agreement helps underpin management expectations for the current financial year.
The Company believes the agreement is an important step in positioning Forscene as a leader in the sports digital content post production market.
Forbidden Technologies plc
Stephen Streater, CEO
Tel: +44 (0)20 8879 7245
Cenkos Securities plc (Nominated Adviser and Broker)
Bobbie Hilliam, Corporate Finance
Tel: +44 (0)20 7397 8900
Redleaf Polhill (Financial PR)
Tel: +44 (0)20 7382 4730
About Forbidden Technologies plc
Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) floated in February 2000.
The Company develops and markets the powerful cloud video platform, Forscene, which is used by broadcasters, in professional web video, in education and by consumers. Forscene is one of the world’s most advanced browser-based and mobile applications.