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IN BRIEF: Blackbird announces new SaaS tool elevate.io

ALN

Blackbird PLC - London-based technology licensor, developer and seller of a cloud video editing platform - Announces new Creator software-as-a-service end-to-end creation tool, elevate.io. Says digital content creation market size was $20 billion in 2022, and is expected to grow to $181 billion by 2032.

Chief Executive Officer Ian McDonough says: ‘We aim to take powerful video content creation functionality to the web with multi-player collaboration in real time, an area which is hugely underserved. It will be a tool, not a toy, appealing to both professionals and content creators. elevate.io has a unique set of disruptive features and is designed to solve tangible problems for the fast growing Creator economy.’

Current stock price: 10.33 pence, up 0.7%

12-month change: down 47%

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