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I think that’s why AVID puts itself up for sale.
They know once all their long term contracts expire people aren’t going to want all their expensive on premise hardware, when they have the flexibility now from the likes of Blackbird where you can edit from any browser.
Watch Sumit presentation, very impressive.
https://m.youtube.com/watch?v=k066VIhbiqk
Crazy overreaction Friday.
250k per annum contract loss, and company valuation drops by £10.
Company never been in such a great position.
We know they are in talks with companies larger than EVS around the licensing of Blackbird’s technology, Powered by Blackbird.
Plus we have the launch of the Creator App Q4, which if successful could be huge.
150 million creators out there. If we just signed up 100k at the minimum subscription of $12.99 per month that’s serious money.
They have £9m in the bank and no debt, so downside risk is limited.
DYOR.
The next Canva for video Creators.
Worth a punt just for the Creator technology itself at these low levels.
Sumit knows his stuff.
I’ve been very impressed by him.
Well worth watching the Investor Meet presentation.
If they just catch even a small percentage this stock will fly.
https://techcrunch.com/2021/09/14/canva-raises-200-million-at-a-40-billion-valuation/amp/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFCCIlXBxFWFRSeIxDTGORbUOHwn1WSMB9AeAQbMzfEnQA1eKMnzKjMEQiIs8LSbFeuqIMWfzGYJPPs9WBAPEv2RcsW5CVh15Rq5aTKRFjwmyxVHvKEdnhaf93MI_nGLp0p-XGUIXua75GXiPKGnU-qGZT2VFFL50IQDW_rFhzy5
DYOR.
EVS 10 year contract is with a major U.S broadcaster not technology company.
I think it’s FOX.
https://evs.com/company/news/big-tech-interest-us-sports-rights-triggers-10-year-contract-worth-over-50m-evs
Same.
I’ve been topping up monthly.
When we get confirmation who the first client EVS is rolling out the new product to we will rise sharply.
I believe it’s the client EVS just signed a $50 million deal with, which will be huge for Blackbird.
Certainly no big downside risk at these levels, in my opinion.
https://evs.com/company/news/big-tech-interest-us-sports-rights-triggers-10-year-contract-worth-over-50m-evs
DYOR.
Powered by Blackbird’ product rolling out through a European partner to a top US broadcaster.
https://www.linkedin.com/feed/update/activity:7004351131233439744
https://evs.com/company/news/big-tech-interest-us-sports-rights-triggers-10-year-contract-worth-over-50m-evs
https://evs.com/company/news/evs-launches-blackbird-partnership-deployment-international-sporting-events