REG - Blackbird PLC - Product and deal renewals update

BlackbirdAnnouncement

19/12/2024 07:00

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RNS Number : 6485Q  Blackbird PLC  19 December 2024

19 December 2024

 

Blackbird plc

(the "Company")

 

Product and deal renewals update

 

 

Ian McDonough, CEO of Blackbird plc (AIM:BIRD), the technology licensor,
developer and seller of market-leading cloud native video editing platform,
Blackbird,  and developer of the online collaborative video editing and
content creation platform, elevate.io, gives an investor update (via video):

 

 

In the video update Ian McDonough makes the following points:

 

elevate.io:

·    features and functionality are being added to elevate.io at pace.
These include:

Ø the addition of Social Sign On ("SSO") through Google which now accounts
for over 50% of new sign ups;

Ø elevate.io now also supports the Microsoft Edge browser as well as Google
Chrome. Microsoft Edge is important as this is most used browser in the
corporate world;

Ø the timeline in elevate.io can now be resized to ease the addition of more
video and audio tracks for more complex projects;

Ø clips can be copied and pasted and duplicated on the elevate.io timeline;
and

Ø list view improves the project management capabilities;

·    the elevate.io website, which is the main face to the market, has
been updated including a new features page. This has led to an uptick in
feature usage; and

·    the payment gateway for elevate.io is on track for delivery in Q1
2025.

 

Blackbird:

·    there have been some key customer renewals recently, including:

Ø FIFA has been secured for a further two years

Ø a further three-year renewal for a global financial news organisation

 

Contacts:

 

Blackbird plc
 
            Tel: +44 (0)20 8879 7245

Ian McDonough, Chief Executive Officer

Stephen White, Chief Operating and Financial Officer

 

Allenby Capital Limited (Nominated Adviser and
Broker)              Tel: +44 (0)20 3328 5656

Nick Naylor / Piers Shimwell (Corporate Finance)

Amrit Nahal / Guy McDougall (Equity Sales and Corporate Broking)

 

About Blackbird plc

 

Blackbird plc operates in the fast-growing SaaS, Media and Entertainment and
content creation markets.  Blackbird plc's patented technology allows for
frame accurate navigation, playback, viewing and editing in the cloud and it
has two products.

 

Blackbird(Ⓡ) a market leading suite of cloud-native computing applications,
is used by rights holders, broadcasters, sports and news video specialists,
live events and content owners, post production houses, other mass market
digital video channels and corporations.

 

elevate.io is the company's new online collaborative content creation platform
currently in general release. elevate.io (http://elevate.io/) is built using
Blackbird's core technology and is aimed at professional teams and the fast
growing Creator Economy.

 

Blackbird plc also licences its core video technology, under its 'Powered by
Blackbird' licensing model, enabling video companies to accelerate their path
to true cloud business models.

 

www.blackbird.video (http://www.blackbird.video/)
www.linkedin.com/company/blackbird-cloud
(http://www.linkedin.com/company/blackbird-cloud)
www.twitter.com/blackbirdcloud (http://www.twitter.com/blackbirdcloud)
www.facebook.com/blackbirdplc (http://www.facebook.com/blackbirdplc)
www.youtube.com/c/blackbirdcloud (http://www.youtube.com/c/blackbirdcloud)

www.elevate.io

 

 

 

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