Forbidden Technologies could navigate the growing popularity of esports

The possibility of navigating the growing popularity of electronic sports could be enormous, says Russ Mold, investment director at AJ Bell.

WHAT IS IT?

Prohibited technologies has created a technological platform to facilitate the availability of videos over the Internet to companies, including those that organize electronic sports leagues.

They can upload videos and edit them, and it's easier for other companies, such as digital video channels and broadcasters, to access the content.

The possibility of navigating the growing popularity of electronic sports could be enormous, says Russ Mold, investment director at AJ Bell.

The possibility of navigating the growing popularity of electronic sports could be enormous, says Russ Mold, investment director at AJ Bell.

WHAT IS THE LAST?

This summer he announced that the news site of the United States TownNews.com was extending the use of its Blackbird technology to one of its "main partners". The partner will provide news in towns and cities in 11 states.

Forbidden is also working with a nameless esports content creation company, in Las Vegas, and with the British sports firm Gfinity.

WHO SUPPORTS IT?

The founder and director of research and development, technology entrepreneur Stephen Streater, is the largest shareholder with 21.8 percent.

Chief Executive Ian McDonough is in the top 10, along with President David Main and long-time software architects Brian Brunswick and Andrew Slough.

Asset managers such as Miton, Canaccord Genuity Wealth Management, Schroders, BMO Global and Alliance Trust have invested.

WHY YOU SHOULD INVEST

The possibility of navigating the growing popularity of electronic sports could be enormous, says Russ Mold, investment director at AJ Bell. Its market value of £ 17m may seem small if it receives a portion of the esports' share, he added.

AND WHY YOU SHOULD NOT

The problem of profits is a big one. for Prohibited.

Mold says: "It has been quoted since 2000, almost never had a profit and last year, after 17 years as a public company, it still recorded revenues of only £ 750,000 and a net loss of more than £ 2m & # 39; .

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