Shares of video editing platform Blackbird (LON: BIRD) are rising on Monday morning after the company revealed it has signed a deal with CBS Sports Digital for cloud video production.
CBS Sports Digital is a division of ViacomCBS that creates sports content and distributes it across various platforms to audiences globally.
CBS Sports Digital will deploy Blackbird for scalable cloud video editing and publishing of sports content.
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CBS will access Blackbird through a browser, with their editors having the ability to access live and file-based content for editing content.
Blackbird is working with a variety of brands in the sports, news, entertainment, and enterprise sectors, including Tata Communications, EVS, BT, Univision, IMG, Deltatre, Sky News Arabia, A+E Networks, NHL, Eleven Sports, Riot Games, the U.S Department of State and 69 local US news stations.
Its share price is currently trading at 33.1p, up 3.44% from Friday’s close.
Should you invest in Blackbird shares?
Blackbird shares are traded on the London stock exchange’s AIM market (the alternative investment market), which is the submarket specifically for smaller companies. AIM stocks are attractive to investors as they have tax advantages and smaller companies have the potential to benefit from rapid growth. But are Blackbird shares the best buy? Our stock market analysts regularly review the market and share their picks for high growth companies