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.
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.
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Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.