Forbidden Technologies' Sees Revenue Increase As Result Of Olympics
Forbidden Technologies’ revenues surged in '12 "driven by the widespread use of its video editing technology" during the Olympics, according to Philip Whiterow of PROACTIVE INVESTORS. The company revealed that sales growth had exceeded the 50% predicted by analysts by a "respectable margin." FORScene, Forbidden’s flagship cloud-based video editing software, was used by NBC and YouTube for web video coverage of the Games, "with thousands of hours of content handled by its software." Revenue from the News and Sport sector grew by more than 80% in the year. That Olympic success has also "sparked a lot of interest" for work in future with partnerships developing with both major news and sport broadcasters, and the potential for "significant licence annuity sales in both areas" (PROACTIVE INVESTORS, 1/16).