RCS - Blackbird PLC - Shareholder presentation

BlackbirdAnnouncement

20/06/2024 07:00

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RNS Number : 1168T  Blackbird PLC  20 June 2024

*Reach non-regulatory announcement

20 June 2024

Blackbird plc

(the "Company")

 Shareholder presentation

Blackbird plc (AIM:BIRD), the technology licensor, developer and seller of
market-leading cloud native video editing platform, Blackbird, and developer
of the multiplayer video editor in a browser, elevate.io, held its 2024 Annual
General Meeting (the "AGM") on Tuesday, 18 June 2024.

Following the formal part of the AGM the Company gave a presentation to
shareholders attending the AGM and a copy of the presentation and a recording
of the online meeting can be found at www.blackbird.video/investor-relations/
(http://www.blackbird.video/investor-relations/) . At the AGM Sumit Rai (Chief
Product Officer) and Stephen Streater (Chief Technology Officer) gave
demonstrations of the new features in elevate.io and introduced the Blackbird
Player as a publishing destination from elevate.io.

The key messages from the shareholder presentation focused on elevate.io and
included:

·    elevate.io is being developed through a strategy of product led
growth ("PLG"), which involves high-quality product engineering being
undertaken prior to driving free user adoption, user retention and then
monetisation:

o  successful companies in parallel industries, including Figma and Canva,
have seen rapid adoption following a PLG strategy and achieved significant
market valuations; and

o  a rapid development release cycle ensures continuous features,
functionality and performance improvements.

 

·    Significant progress has been made in the last year with elevate.io
moving into general access in March 2024:

o  elevate.io is early to market, with few direct competitors in online
multiplayer video creation, and has high hundreds of early adopters in advance
of marketing giving useful usage data;

o  with a market size of US$250 billion 1  in April 2023 set to double by
2027, the creator economy market opportunity is huge and growing fast;

o  the Serviceable Addressable Market for elevate.io is US$6.9 billion; and

o  the Company currently anticipates that a payment gateway for elevate.io
will be introduced in Q1 2025.

 

·    Blackbird's patented technology, pedigree in the Media and
Entertainment market and experienced team gives them the credentials to be
successful in developing a product for the Creator Economy market.

 

·    Blackbird is well capitalised with circa £6 million of cash
reserves.

Contacts:

 Blackbird plc
 
                Tel: +44 (0)20 8879 7245

Ian McDonough, Chief Executive Officer

Stephen White, Chief Operating and Financial Officer

Allenby Capital Limited (Nominated Adviser and Broker)
                Tel: +44 (0)20 3328 5656

Nick Naylor / Piers Shimwell (Corporate Finance)

Amrit Nahal / Guy McDougall (Equity Sales and Corporate Broking)

 

About Blackbird plc

Blackbird plc operates in the fast-growing SaaS, Media and Entertainment and
content creation markets.  Blackbird plc's patented technology allows for
frame accurate navigation, playback, viewing and editing in the cloud and it
has two products.

Blackbird(Ⓡ) a market leading suite of cloud-native computing applications,
is used by rights holders, broadcasters, sports and news video specialists,
live events and content owners, post production houses, other mass market
digital video channels and corporations.

elevate.io, currently in general release, is the company's new collaborative
content creation tool in a web browser aimed at professional teams and the
Creator Economy.

Blackbird plc also licences its core video technology under its 'Powered by
Blackbird' licensing model. Enabling video companies to accelerate their path
to true cloud business models, licensees benefit from power and carbon
reductions, cost and time savings, less hardware and bandwidth requirements
and easy scalability.

www.blackbird.video (http://www.blackbird.video/)
(http://www.linkedin.com/company/blackbird-cloud)
www.linkedin.com/company/blackbird-cloud
(http://www.linkedin.com/company/blackbird-cloud)
(http://www.twitter.com/blackbirdcloud) www.twitter.com/blackbirdcloud
(http://www.twitter.com/blackbirdcloud) (http://www.facebook.com/blackbirdplc)
www.facebook.com/blackbirdplc (http://www.facebook.com/blackbirdplc)
(http://www.youtube.com/c/blackbirdcloud) www.youtube.com/c/blackbirdcloud
(http://www.youtube.com/c/blackbirdcloud)

www.elevate.io

*About Reach announcements

 

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regulatory announcement and not on Reach.

 1 Source Goldman Sachs intelligence April 2023

 

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