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On March 2, 2022, Blackbird plc (OTCQX: BBRDF) announced its approval as a green supplier by albert, a UK initiative focused on environmental sustainability in media production. Blackbird's cloud-native video editing platform reportedly generates up to 91% less carbon than traditional methods. The company has earned the London Stock Exchange's Green Economy Mark, awarded to only 5% of UK listed companies, and won the Environmental Sustainability Company of the Year at the IABM BaM Awards 2021. CEO Ian McDonough emphasized the importance of decarbonizing production workflows for the industry.
Blackbird plc (OTCQX: BBRDF) announced its membership in the SRT Alliance, aimed at enhancing low-latency internet video transport. This initiative aligns with Blackbird's commitment to open standards, improving video creation and distribution reliability. Membership in the SRT Alliance, with over 500 members, allows Blackbird users to utilize secure and efficient streaming over public networks, reducing costs and emissions. The technology supports a seamless integration for clients seeking to leverage low-latency, high-quality video streaming across various sectors, including sports and news.
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Blackbird plc (OTCQX: BBRDF) has announced a multi-year engagement with Eurovision Sport to enhance cloud native video production workflows. Eurovision Sport will leverage Blackbird's innovative video editing platform, facilitating efficient content creation for its 17 sports managed under the European Broadcasting Union. The collaboration aims to improve workflow efficiencies, reduce costs by up to 75%, and support sustainability efforts by cutting carbon emissions by up to 91%. This partnership aligns with Eurovision's objectives of increasing digital content reach and enhancing operational sustainability.
On October 21, 2021, Blackbird plc (AIM:BIRD, OTCQX:BBRDF) announced the launch of its core technology licensing solution, 'Powered by Blackbird', aimed at enhancing cloud-native video editing capabilities. This follows a significant 5-year licensing agreement with a global broadcast company. The technology boasts efficiencies such as up to 75% cost reduction in infrastructure and lower carbon footprints compared to competitors. It's designed for companies transitioning from on-premise setups to cloud, offering frame-accurate editing with minimal bandwidth.
TVU Networks has announced a partnership with Blackbird plc to integrate real-time editing tools into its cloud-based TVU Producer platform. This collaboration simplifies workflows for sports productions and other live events, allowing immediate access to ISO recordings for faster editing and sharing on digital platforms. Blackbird's browser-based platform, equipped for multiple video and audio tracks, facilitates live video editing, enhancing the efficiency of content delivery. This partnership aims to streamline production processes and improve access to cloud-based editing tools.
OTC Markets Group Inc. announced that Blackbird plc (OTCQX: BBRDF) has qualified to trade on the OTCQX Best Market, upgrading from the Pink market. This upgrade allows Blackbird to provide transparent trading for U.S. investors, thereby opening investment opportunities in North America. The company operates in the fast-growing SaaS and cloud video market, showcasing significant growth and environmental efficiency, outperforming traditional platforms in carbon efficiency by 91%. The transition to OTCQX is a significant milestone for the company and its stakeholders.
Blackbird plc has received regulatory approval to begin cross-trading on the OTCQX Best Market, effective July 28, 2021, under the ticker BBRD. This move enhances accessibility for North American investors without affecting existing AIM shares. The OTCQX market, recognized by the SEC, aims to increase liquidity and enhance valuation for companies. CEO Ian McDonough expressed optimism about reaching US investors, particularly as the company has secured major contracts with well-known US entities such as Univision and the NHL.