|building deltatre into a market leading sports technology provider
16 January 2017
"Forbidden Technologies plc (AIM: FBT), announces that it has signed a three year revenue earning deal with deltatre, a leading supplier of digital and broadcast services in the Sports market, for the use of its Forscene cloud video platform.
The three-year deal is for the use of Forscene for one of deltatre's long term clients."|
|wiped out $11 trillion of American household wealth
Would Donald Trump now become president if the financial crisis hadn't happened?
Moody’s Reaches $864 Million Subprime Ratings Settlement
by Matt Scully
January 13, 2017, 6:58 PM EST
"Moody’s Corp. agreed to pay almost $864 million to resolve a multiyear U.S. investigation into credit ratings on subprime mortgage securities, helping to clear the way for the firm to move beyond its crisis-era litigation.
Moody’s reached the agreement with the U.S. Justice Department and 21 states, which accused the company of inflating ratings on mortgage securities that were at the center of the 2008 financial crisis, the Justice Department said Friday in a statement. That penalty is about a third of the $2.5 billion that Moody’s earned in the four years leading up to the crisis. Standard and Poor’s, after fighting the U.S. in court for two years, settled similar claims with the U.S. for $1.5 billion last year."
"Since the financial crisis, the bulk of government settlements have been shouldered by the biggest banks, which have paid more than $162 billion in fines and penalties. The Obama administration has been criticized for years for failing to hold individuals accountable for misconduct leading to the crisis.
Still, the settlement over ratings by Moody’s Investors Service helps the administration move closer to wrapping up investigations of Wall Street firms for their actions leading up to the 2008 mortgage meltdown, a catastrophe that the Financial Crisis Inquiry Commission said wiped out $11 trillion of American household wealth. The credit ratings industry has been the target of these investigations into Wall Street for years."
"Both Moody’s Investors Service, a unit of Moody’s Corp., and S&P played key roles in Wall Street’s making of toxic, subprime mortgage bonds. While subprime home loans typically go to borrowers with the weakest credit, bonds backed by those mortgages received top-flight, AAA credit ratings. The bonds began coming apart in 2007 as the housing market collapsed, contributing to more than $1.9 trillion in losses at financial firms worldwide during a crisis that almost collapsed the global banking system."|
Snapchat establishes international HQ in Britain
Messaging start-up goes against trend of US tech heading for lower-tax EU countries
January 10, 2017
"Snap, the company behind Snapchat, has established its international headquarters in Britain, where it will book all sales made outside the US, in a post-Brexit win for the UK.
The move by the Los Angeles-based messaging start-up, which plans to go public this year with a valuation of up to $25bn, is an unusual one among top US tech companies. Apple, Google, Facebook, Microsoft, Twitter, Uber and others have chosen the UK’s neighbours, such as Ireland, the Netherlands or Luxembourg as their European base to take advantage of lower-tax regimes.
Instead, Snap Group Limited — the company’s new UK entity — will book revenues from all sales made to customers in the UK and sales in any country where Snapchat has no local entity or salesforce, according to a spokeswoman. At first, the Snapchat teams in France, Australia, Canada and Saudi Arabia will be booked through the UK.
The start-up, which has yet to turn a profit, is in the earliest stages of generating revenue outside the US and so is unlikely to have significant tax liabilities as yet. But it is expanding advertising quickly from a small base, with research company eMarketer forecasting ad revenue will grow from an estimated $367m last year to almost $1bn this year. Snapchat has more than 150m daily active users worldwide, with about half of them outside the US."|
|all of the claims it made .. were false
Friends of the Earth exposed as liars. No surprise there.
Friends of the Earth must not repeat misleading fracking claims
4 January 2017
"A spokesman for the ASA said the advert "must not appear again in its current form" and the FOE must "not make claims about the likely effects of fracking on the health of local populations, drinking water, or property prices in the absence of adequate evidence".
Cuadrilla's chief executive Francis Egan described FOE as "the unacceptable face of the charity sector", which had been "scaremongering" in order to "frighten the public into giving it money".
"[T]he charity's admission that all of the claims it made, that we complained about, were false should hopefully put a stop to it misleading the UK public on fracking.""|
|five of the seven most valuable companies in the world .. are technology companies
Distribute from Forscene to YouTube (Google)
Distribute from Forscene to Facebook
Distribute from Forscene to Final Cut Pro X (Apple)
What about Forscene and Microsoft?
What about Forscene and Amazon?
|My post seems to have brought FBT to life
The Most Complete Platform for Video Capture, Editing and Distribution in the Cloud.
Forscene - Unlock the value in video
Distribute from Forscene to YouTube
Distribute from Forscene to Avid
Distribute from Forscene to Facebook
Distribute from Forscene to Final Cut Pro X
Distribute from Forscene to MPEG
Distribute from Forscene to Premiere Pro
This 'cloud storage' thing is going to get seriously big in 2017
Microsoft embiggens cloudy BLOBs from 195GB to 4.77 TB, blocks from 4MB to 100MB
23 Dec 2016 at 05:58, Simon Sharwood
The waistline of Azure's storage service continues to expand, with Microsoft upping the size of the Binary Large Objects it can define.
Redmond's cloud can now support BLOBs of 4.77 terabytes, up from the previous 195 gigabytes. Block sizes are also up, from four megabytes to 100. And you can commit 50,000 blocks to a single Blob.
Microsoft says the changes will help users handle “storing and processing 4K and 8K videos to cancer researchers sequencing DNA.”
Whatever they're used for, Microsoft wouldn't be doing this if it didn't see demand for cloud use at this scale. And why wouldn't it see that demand? Building rigs to handle workloads like those described above costs plenty. The cloud's a natural for this kind of stuff.
For those of you wondering just how long it would take to get 195GB into Azure, never mind 4.77TB, Microsoft has news on that front too as it has tweaked its data import/export service. It's now available in Azure's Canada, US Gov and China regions, and has added the ability to handle 2.5” Internal SATA drives and internal SSD drives.
2.5” drives can't yet match the scale of the 12TB and 14TB behemoths the disk industry offers in the 3.5” form factor, but the addition of SSDs should at least speed up the transfer of data in and out of Redmond's cloud.|
|Worth more than £15m?
Crikey! My post seems to have brought FBT to life. Five articles published today. Something must be happening?
Why 2016 Was a Watershed Year for Tech
By Christopher Mims
"As 2016 nears an end, five of the seven most valuable companies in the world -- including the three most valuable -- are technology companies. Beyond their worth in the eyes of investors, Apple Inc., Google parent Alphabet Inc., Microsoft Corp., Amazon.com Inc., and Facebook Inc. also are powerful forces in everyday lives. Tech can seem inescapable.
That helps explain why 2016 also was a difficult year for many of these companies. Collectively, they faced sharp criticism and unprecedented levels of scrutiny while clashing with governments around the world -- including the future U.S. president.
It's no coincidence, for example, that digital-ad spending in the U.S. has been projected to eclipse spending on TV ads in 2016, while Facebook battled concerns about its influence over politics and its role in spreading fake and distorted news. Those developments are two sides of the same coin -- Facebook's power.
Or take Amazon's new cashier-free stores, which instantly became symbols for how automation "kills" jobs. Amazon has only a handful of physical stores, and doesn't plan to open its first Amazon Go store to the public until next year, yet its dominance in online retail made this a source of much public concern.
Google had a banner year for both revenue and profit. One price of that real-world influence is three sets of antitrust charges by European regulators who view the company as a sort of American colonial power. The latest, issued in July alongside additional charges piled onto a previous case, accused Google of "strong-arming" Android handset makers into shipping their devices with Google's search as the default.
In 2016, tech executives overwhelmingly backed the woman who lost the race for president, while the man who won attacked them publicly and sometimes personally. Many of the parties involved met last week in Trump Tower, apparently reaching an uneasy truce. But many in tech still view the next four years warily, concerned by Donald Trump's views on issues such as free trade and immigration.
That this exchange happened at all speaks to the cultural as well as the economic dominance of tech companies. At stake wasn't just where iPhones would be manufactured, but whether globalization is a net economic benefit or a scourge to America's middle class. The tech industry has come to espouse a common culture of disruption, or progress at all costs, and Trump's election was in some respects a rebuke to that ideology. The outcome of this struggle will have implications for everything from how friendly regulators are to disruptive technologies like self-driving vehicles to how willing they are to support the transition to clean energy."|
|the product that really got me excited .. was Captevate
"I honestly don’t think I’ve seen an editing solution so easy to learn"
So everyone becomes a 'professional' editor? That should speed up the production process and lower costs.
Worth more than £15m? We shall see.|
|the product that really got me excited .. was Captevate
FBT's market cap is presently under £15m.
Why I joined Forbidden Technologies
I’ve spent the last 20 years of my career in sports production and sports technology, from the long nights as producer of a British institution, Match of The Day, to building deltatre into a market leading sports technology provider.
It was a difficult decision to leave the talented team at deltatre but my desire to enter the world of entrepreneurialism was too great. The truth is I have a skill: building businesses with ideas and concepts that people want and that make them money. My latest venture, FanView, will be a business designed to bring sports fans closer to the action. As we began business planning, a requirement appeared to quickly, easily, get content to market, and of course I chose Forscene. I say “of course” because there really is no tool like it in the market. So when the team approached me to interview for a non-executive director role, I was incredibly excited.
The first meeting I had with Aziz and Jason cemented my excitement. I already knew the power of Forscene and had played with eva so could easily see the huge potential of that platform. But the product that really got me excited and I saw the most potential in was Captevate – online video editor. I honestly don’t think I’ve seen an editing solution so easy to learn in my entire career. The team walked me through the growth model, but actually my mind went instantly to specific use cases. Since that first meeting we’ve already created professional sports proposals with Captevate as the centrepiece.
The future for Forbidden Technologies is incredibly exciting. The new team are extremely talented and focused (or ‘relentlessly focused’ as Aziz keeps telling us!) on growing the commerciality of the business. And that’s why I’m here. I’m here to help build revenues. I’m here to help build a commercial culture. I’m here to help get Forbidden’s products into people’s homes and offices around the world. I love sport and I love to win. And so above all, I’m here to win with Forbidden Technologies.
Current founder of Fanview, with previous roles as Commercial Director for deltatre Media and Executive Producer at BBC Sport. Jim has worked on a variety of major sporting events including World Cups and Olympic Games.
Foreign firms spend £100bn buying British businesses so far in 2016
6 December 2016 • 3:45pm
"Foreign companies spent more than £100bn acquiring firms in the UK in the first nine months of the year, according to official figures - the highest level on record.
In the same period of 2015, overseas investors spent £24.2bn on UK acquisitions, meaning the value is four times as large as a year ago.
Some major transactions have dominated the figures, with huge investments such as Japanese company Softbank’s £24.3bn takeover of UK technology darling Arm Holdings.
But the number of individual transactions is also up sharply, as more small deals take place too.
A total of 167 deals worth £1m or more apiece have taken place this year, compared with 96 in the first nine months of 2015, according to the Office for National Statistics.
Those working in the mergers and acquisitions (M&A) market said the figures are an indication of the UK’s attractiveness as an investment destination."|
|short form video is now the primary source of news for the under 24s
5 key trends for short form video success
November 17, 2016
"AOL has released results of new research study exploring UK consumer viewing attitudes for short form digital video, finding that it has now become the primary news source for younger audiences. More than half (52%) of 18-24 year olds said that they prefer getting their news from short form videos than reading it.
The research found that the key for viewers to successful short form video above all else is quality, as over half (58%) said they lose patience if the production quality of video is not good enough. Additional quality indicators relevant to video advertising included brand fit, uniqueness of the content, and appropriate length.
Continuing on advertising around short form video, viewers revealed that they are more likely (54%) to watch an advert if it’s related to the destination content. Four in 10 consumers (41%) also said they would prefer brands to be featured in the video they are trying to watch rather than putting ads before it, challenging marketers to deliver innovative new video ad experiences and thoughtful brand integration.
Mark Melling, Senior Director of AOL Video, Europe, commented on the results: “That short form video is now the primary source of news for the under 24s shows just how important the medium has become. Consumers have also made it clear to advertisers; yes they are willing to be engaged with video, but the challenge is to make sure that the experiences being created are of a suitable quality and are aligned to the destination content they are trying to view.”"|
Google commits to massive new London headquarters
Tech giant announces it is going ahead with delayed plans to build a campus for 7,000 employees with Olympic cauldron designer Heatherwick Studio on board
Alex Hern and Rob Davies
Last modified on Wednesday 16 November 2016 13.00 GMT
"Google has confirmed plans to build a new headquarters in London and create 3,000 jobs, in a move that will be seen as a vote of confidence in Britain’s prospects after Brexit.
The project, which involves building a vast headquarters next to Google’s existing base in King’s Cross, central London, was thrown into doubt by the EU referendum and disagreement about its design.
But Google’s chief executive, Sundar Pichai, said that while the firm has reservations about Brexit, it will not be dissuaded from building an office capable of housing 7,000 staff.
In a speech on Tuesday at Google’s London office, Pichai said: “Here in the UK, it’s clear to me that computer science has a great future with the talent, educational institutions, and passion for innovation we see all around us. We are committed to the UK and excited to continue our investment in our new King’s Cross campus.”
Pichai’s public approval dispels any lingering doubts about a plan, first tabled three years ago, that is slated to create 3,000 new jobs by 2020. But he did warn that the government’s expected crackdown on immigration after the vote to leave the EU runs counter to Google’s ideals."|
|Don't worry. That's not me selling my holding.
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
15-Nov-16 13:29:18 440.00 204,119 Sell* 440.00 460.00 898.12k
15-Nov-16 13:29:05 440.00 36,411 Sell* 440.00 460.00 160.21k|
|We've been well and truly thumped by Trump
You couldn't make it up.
After paying out early on a Clinton win, Trump victory costs Irish bookmaker $5 million
Wednesday, 9 Nov 2016 | 6:07 AM ET
An Irish bookmaker was left red faced on Wednesday morning after its decision to pay out early to customers who had bet on a Hillary Clinton victory in the U.S. election proved costly.
In October, Paddy Power paid out £800,000 ($992,528) on a Clinton victory after a series of negative news stories threatened to derail Donald Trump's campaign.
"We're in the business of making predictions and decided to put our neck on the line by paying out early on Hillary Clinton, but boy did we get it wrong," Paddy Power spokesperson Lewis Davey said in a statement Wednesday.
The bookmaker added that it had been hit for more than £4 million ($4.96 million) by punters who'd backed Donald Trump to win.
"We've been well and truly thumped by Trump, with his victory leaving us with the biggest political pay-out in the company's history and some very, very expensive egg on our faces," Davey added.
Undeterred by what many are regarding as a shock result, Paddy Power has started to take bets on a host of "Trump specials".
The bookmaker has priced him at 4/1 to be re-elected come 2020, 20/1 to build a wall spanning "the entirety" of the U.S.-Mexican border, and evens to make Russia his first international visit.
|I expect GlobalData's clients will be busy seeking information on the business implications of a Trump presidency.|
Adobe says 'Brexit did not make us blink' as it expands UK base
by James Titcomb
22 October 2016 • 5:00pm
"The technology giant Adobe is planning to expand in the UK in a vote of confidence after Britain’s decision to leave the EU.
The American software company is building a new sales office to cover northern Europe in London, planning to double the size of its current one.
It is the latest post-referendum commitment to the UK by a major tech company, after Apple reached a deal to create a new UK headquarters in Battersea last month, and comes after fears that Brexit could threaten London’s position as a tech hub."|
|Large trade at 462p announced late.
Time Price Volume Value Buy/Sell Type
15:04 462.00p 4,000 £18,480 Buy OK|
|I only have a modest holding here (very old hangover from the days of themutual.net) so I'm just going to leave it here and let it run. The regular divi's are always a little bonus.
Judging by their 'Current Opportunities' website, they are trying to take on a lot of extra analysts - business must be good :-)|
GlobalData works with world-leading brands who trust us to deliver data and analysis they can rely on for their decision making.
Our customer list includes 77% of the Fortune Global 500 companies. Many of our clients have been with us over a period of decades and we work closely and collaboratively with our clients to tailor our services to their needs.
The selection below demonstrates the quality of the global brands we partner with:|
|My investment began rather modestly in IBG (Internet Business Group) a long time ago and is now valued in six figures.|