Iconic New York venue extends agreement with Forbidden Technologies

Video editing specialist, Forbidden Technologies announced on Friday that it had extended an existing agreement with an "iconic sports, music and entertainment venue in New York.

Forbidden, which had previously signed a deal with Madison Square Garden to help them reduce live sports clips editing and publishing down from 25-55 minutes to under five minutes, said its professional software as a service (SaaS) solution, Forscene was already in use by the unnamed venue to improve its time to market for digital clips.

Chairman of Forbidden Technologies, David Main, said "Expanding the scale of our relationship with this iconic venue is clear validation of the value we can bring into the live sports and entertainment market. Our Forscene cloud video platform provides the venue with the capability to outperform competition in terms of speed to market for the highlights of live events."

As of 1225 BST, shares had moved ahead just 0.83% to 6.05p.