TIDMBIRD
RNS Number : 4561J
Blackbird PLC
13 December 2022
13 December 2022
Blackbird plc
(the "Company")
Powered by Blackbird update
Blackbird announces EVS as its first technology licensee as EVS
launches its web-based editing application
Blackbird plc (AIM:BIRD; OTCQX:BBRDF), the technology licensor,
developer and seller of market-leading cloud native video editing
platform, Blackbird, announces that EVS Broadcast Equipment
("EVS"), its first technology licensee, has launched its web-based
editing application named "IPD-VIA Create". IDP-VIA Create was
built by EVS in collaboration with the Company.
EVS is a leader in live video technology for broadcast and new
media productions. Through a wide range of products and solutions,
EVS delivers live sports images, entertainment shows and breaking
news content to billions of viewers every day in real-time. EVS is
headquartered in Belgium with offices in Europe, the Middle East,
Asia and North America, and provides sales and technical support to
more than 100 countries. EVS is a public company traded on Euronext
Brussels. For information on EVS see www.evs.com .
This news follows the Company's announcement, on 7 September
2021, that a global broadcast company (now announced as EVS) had
licensed the Company's core video technology, including its
patented video codec technology, for a 5 year period in a deal
worth a minimum EUR2 million over the contract length. The minimum
contract value comprises both a development fee and license fees
for editor seats and channel feeds added to the new applications
which are underpinned by annual minimum guarantees.
IPD-VIA Create is fully integrated into EVS' ecosystem,
providing instant access to all content through an easy to navigate
browser-based interface. As a result, users can work with their
assets from anywhere in the world and immediately view and push
edited content to craft editors or directly distribute it in
broadcast quality to multiple channels.
EVS will be showcasing the new IPD-VIA Create application for
the first time at the SVG Summit in New York on 12 and 13 December
2022.
The full EVS announcement of the launch of IPD-VIA Create can be
found at
https://evs.com/company/news/evs-launches-ipd-via-create-web-based-editing-application
Blackbird plc's CEO, Ian McDonough, commented: "This is a very
exciting moment for Blackbird and EVS. By licensing our "Powered By
Blackbird" video technology, IPD-VIA Create affords end users with
a full editing suite embedded in the EVS ecosystem. The editing
suite has all the same speed, efficiency, and carbon reduction
benefits that direct Blackbird customers enjoy. As part of a
seamless end-to-end workflow, this state-of-the-art solution can
rapidly deliver time and cost reduction efficiencies. Additionally,
this workflow enhances end user performance through advanced
functionality and Blackbird's highly responsive patented codec. The
profound knowledge, experience and skills of both companies' teams
have combined to deliver a product we are incredibly proud of and
has the potential to unlock huge value for the global media
industry for years to come.
"As announced in September 2021 this is our largest contract to
date, worth over EUR2 million over 5 years, and a very exciting
step on our journey to progress our enterprise solution. Following
our fundraise in December 2021, we are also making good progress to
introduce solutions on a self-service model to address a wider
market".
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 Tel: +44 (0)20 3328
Adviser and Broker) 5656
Nick Naylor / Piers Shimwell (Corporate
Finance)
Amrit Nahal (Equity Sales and Corporate
Broking)
About Blackbird plc
Blackbird plc operates in the fast-growing SaaS and cloud video
market. It has created Blackbird(R), the world's most advanced
suite of cloud-native computing applications for video, all
underpinned by its lightning-fast codec. Blackbird plc's patented
technology allows for frame accurate navigation, playback, viewing
and editing in the cloud. Blackbird(R) enables 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.
Since it is cloud-native, Blackbird(R) removes the need for
costly, high end workstations and can be used from almost anywhere
on almost any device. It also allows full visibility on
multi-location digital content, improves time to market for live
content such as video clips and highlights for digital
distribution, and ultimately results in much more effective
monetisation.
Blackbird plc is a licensor of its core video technology under
its 'Powered by Blackbird' licensing model. Enabling video
companies to accelerate their path to true cloud business models,
licensees benefit from power and carbon reductions, cost and time
savings, less hardware and bandwidth requirements and easy
scalability.
www.blackbird.video
www.linkedin.com/company/blackbird-cloud
www.twitter.com/blackbirdcloud
www.facebook.com/blackbirdplc
www.youtube.com/c/Blackbirdcloud
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