About 7digital


7digital aims to simplify access to the world’s music and radio. Our robust, scalable digital music platform and flexible APIs are used to power comprehensive music and radio services for leading consumer brands, mobile carriers, hardware manufacturers, broadcasters, automotive systems, retailers, record labels, artists and agencies. Alongside proven technology, we offer global music rights, award-winning radio production services, and content management expertise, making us a leading global partner in this space. We are listed on AIM in London (visit our Investor page for more information).



Technology

Our flexible API allows partners to harness the power of music through download or streaming services, while we take care of highly complex infrastructure management, licensing and reporting. We have created a resilient and scalable technology platform that provides both us and our partners with the ability to innovate quickly.

Content

We are experienced purveyors, managers and creators of content. We license music from all the major labels, local independents and publishers, bringing our global catalogue to over 27 million tracks. Alongside licensing content, we produce award-winning music radio programming for some of the world’s biggest broadcasters, as well as cutting-edge speech and video content. Our content management system allows us to do the heavy lifting for any third party that wants access to a comprehensive, legally licensed, digital music catalogue.

Partners

We’re proud to have powered services for global brands like Samsung, T-Mobile, HMV and BlackBerry, as well as for up-and-coming companies like Germany’s Artistxite or Guvera in the Middle East. We are the largest independent producer of radio programming for the BBC and supply content and services to commercial radio stations throughout the UK and beyond.

Customers

As well as providing B2B services, we run our own music store, www.7digital.com, which is localised for 20 countries. Here we promote and sell music to a large and loyal base of customers. 7digital branded mobile apps are available for all operating systems and have been pre-installed on more than 60 million devices.

Company

Founded in 2004, 7digital now employs more than 125 people across three continents. We’re headquartered in Shoreditch in London, with offices in Luxembourg, San Francisco, New York, Manchester and Auckland. 7digital is the only UK-listed company to provide investor-exposure to the mass adoption of digital music via streaming and radio services.

Half Yearly Report

RNS


RNS Number : 9334S

7digital Group PLC

30 September 2014








30 September 2014

7digital Group plc

("7digital", "the Group" or "the Company")



Half Year results for the period ended 30 June 2014



7digital Group (AIM: 7DIG) (formerly UBC Media Group plc), the digital music and radio services company, today announces its results for the half year ended 30 June 2014.

As a consequence of the reverse acquisition of 7digital Group Inc by UBC Media Group plc ("the Reverse Acquisition") on 10 June 2014, the reported results for the half year to 30 June 2014 include six months of the 7digital Group and one month of the UBC Media Group.

Operational highlights

· Reverse acquisiton completed and net proceeds of £5.7m raised to fund the combined entity

· Shift from low margin content sales to high margin recurring platform licencing revenues has begun

· Integration of merged business completed within 3 months with all London staff now on one site

· Contract wins in the period from Guvera, Onkyo, ROK Mobile and a new agreement with BlackBerry

· 1.7m active monthly users of 7digital music app.

· Music library now 29m tracks with 150,000 added every week





Financial highlights

· Monthly Recurring Revenues (MRR) up 43% to £2.21m (2013: £1.55m)

· Turnover down 11% to £5.06m (2013: £5.68m) as low margin music download revenues decrease

· Gross Margin up to 49% from 43%

· Gross Profit up at £2.48m (2013: £2.45m)

· Adjusted LBITDA reduced by 9% to £1.81m (2013: £2.00m) (1)

· Adjusted Operating Loss reduced by 4% to £2.13m (2013: £2.22) (1)

· Statutory Loss for the period of £2.89m (2013: £2.24m)

· Cash balance at period end £5.3m





Post period-end Highlights

· Contracts for Radioplayer platform signed in Germany

· Expansion of US office and new contracts announced today with SBS, Lisnr and Pledge Music

· Strong growth in value of Audioboom investment to £13.5m, a gain of £8.3m since the period end





Simon Cole, Chief Executive, said: "I am pleased to report our first set of Interim results since the reverse acquisition of 7digital by UBC Media Group in June this year. Our strategy was to create a business that would benefit from the rapid growth in connected devices and the resulting significant changes occuring in the music and radio industries. The business is transitioning rapidly from low-margin sales of downloaded music to the provision of a platform from which our customers can quickly build new streaming services. We are already seeing the demand for our services in contracts won to date, rising monthly recurring revenues and in our sales pipeline. The Board are very excited about the potential of the combined business and, now the integration process is complete, we look to the future with confidence."





Notes:

(1) Adjusted for share based payments (£0.3m) and exceptional items relating to the Reverse Acquisition (£0.3m)

Update re Audioboom Investment

RNS


RNS Number : 1706T

7digital Group PLC

01 October 2014






7digital Group plc

("7digital" or the "Company")

Update re Audioboom Investment

7digital (AIM:7DIG), the digital music and radio services company, is pleased to announce that it has sold part of the Company's investment in Audioboom Group plc ("Audioboom") as part of a larger placing of new and existing ordinary shares undertaken by Audioboom ("Audioboom Placing"), raising cash proceeds of £3.5 million for the Company ("the Sale").

The Company is selling 29,029,307 Audioboom shares out of its total of 87,029,307, leaving 7digital holding 58,000,000 Audioboom shares, and 8,765,404 warrants which are exercisable at 1.5p. 7digital's remaining shares in Audioboom are subject to a twelve month orderly market agreement, the restrictions of which can be waived subject to market demand and the permission of Audioboom's brokers.

Following the Sale, and upon admission of the new shares issued as part of the Audioboom Placing, 7digital's shareholding in Audioboom will be 10.91% of the enlarged share capital. If the warrants held by 7digital were exercised, this would take the Company's holding to 11.45% of the enlarged share capital of Audioboom.

7digital acquired its stake in Audioboom though the reverse acquisition with UBC. UBC had invested a total of £1.86 million in Audioboom since its original investment in 2010. The stake sold today was valued at £1.6 million at the time of completion of the reverse acquisition; hence the Sale has resulted in a £1.9 million profit for the Company. At yesterday's closing price, 7digital's remaining stake in Audioboom was valued at £11.7 million.

The cash proceeds of the Sale will be used to strengthen the working capital position of the Company.

Simon Cole, CEO of 7digital, commented:

"We invested in Audioboom at an early stage and have seen the value of our investment grow significantly, with today's sale representing a 467% increase on our initial investment. This placing represented an opportunity to realise some of our investment into Audioboom whilst we still retain a substantial holding and continue to remain a supportive shareholder".

Director Deals - 7digital Group Plc Ord 10p (7DIG)
BFN
Simon Cole, Chief Executive Officer, bought 20,000 shares in the company on the 6th October 2014 at a price of 21.50p. The Director now holds 2,214,544 shares.

Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com

Director Deals - 7digital Group Plc Ord 10p (7DIG)
BFN
Ben Drury, Executive Director, bought 20,000 shares in the company on the 6th October 2014 at a price of 21.50p. The Director now holds 12,786,903 shares.

Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com

Will.i.am to go head to head with Apple over smart watch



Will.i.am and London-based company, 7digital, are believed to have struck deals with major record labels that will see each artist and music group treated equally under the contract. This could give it the edge over other music services, which have experienced problems over the different rates offered to independent music producers and big labels.

http://www.telegraph.co.uk/finance/11156909/Will.i.am-to-go-head-to-head-with-Apple-over-smart-watch.html

Smart move as The Black Eyed Peas frontman Will.i.am launches his music watch

By Jon Rees, Financial Mail on Sunday

Tech entrepreneur and frontman for The Black Eyed Peas, Will.i.am, will launch his smartwatch on Thursday in San Francisco with a music service understood to be supplied by UK firm 7digital.



http://www.dailymail.co.uk/money/news/article-2789265/smart-launches-music-watch.html

Just looked undervalued.

Currently up 40%

Further re Press Speculation

RNS


RNS Number : 1386U

7digital Group PLC

13 October 2014






7digital Group plc

("7digital" or the "Company")

Further re Press Speculation

The Company notes the recent press speculation and confirms it is in discussions with i.am. plus, llc with respect to the delivery of a music service on a new range of devices, including wearables.

The potential contract would further underpin the Company's revenue expectations.

Further updates will be made in due course.

Currently up 67% on the day.

Well done dreamcatcher!

More well done Will.i.am. :-)) cheers d4. crazy + 83%


30 Sep finnCap 38.00 Corporate

Will.i.am to go head to head with Apple over smart watch

Will.I.Am Shows Off His Smart Watch - Alan Carr: Chatty Man

http://www.youtube.com/watch?v=Rj7IfmUbF0M

Been in since 25p and topped up earlier today...should be an interesting couple of days / weeks coming up

Will.i.am launching his smartwatch on Wednesday night in San Francisco .

News soon !!!!!!!!!!!!!!!!

Update on contract with i.am.plus

RNS


RNS Number : 4636U

7digital Group PLC

16 October 2014






7digital Group plc

("7digital" or "the Company")



Update on contract with i.am.plus





Further to the announcement of 13 October 2014, 7digital (AIM:7DIG), the digital music and radio services company, announces that last night in San Francisco, musician and entrepreneur, Will.i.am, demonstrated a new music service developed by 7digital on his wearable "Puls" device.

7digital is pleased to confirm that it has now entered into an agreement with i.am.plus llc for the development of applications and operation of the music service.

The revenue from this service further supports the transition from 7digital's historical downloading business to new revenues from streaming services and underpins the Board's revenue expectations. As such, the Company does not expect that the new agreement will lead to a change in market expectations with respect to the Company's financial performance.





Simon Cole, CEO of 7digital, Commented:

"This is obviously a very exciting time for the company. There is a massive change going on in digital music as new streaming models replace the buy to own downloading model. Many of these, like the service launched last night by will.i.am, will be designed for ease of use on mobile and wearable devices. These services require the technology platform and expertise in both radio and streamed music that 7digital has at its core."



ENDS

16 Oct finnCap 38.00 Corporate

Video: Will.i.am and Zaha Hadid reveal PULS designs

Video / 17 October 14 /



http://www.wired.co.uk/news/archive/2014-10/17/william

Contract wins

RNS


RNS Number : 6229X

7digital Group PLC

21 November 2014










21 November 2014



7digital Group plc

("7digital" or "the Company")



Contract wins



7digital (AIM:7DIG), the digital music and radio services company, announces two new contracts that demonstrate strategic progress in the areas of hi-resolution digital music and streaming radio services.

Panasonic Hi Resolution Music Service

7digital has been appointed by Panasonic to launch a new hi-resolution music service under their iconic Technics audio brand. 'Technics Tracks', a service enabling music lovers to rediscover tracks and albums from an exceptional catalogue of 24-bit hi-resolution audio, will be available in the UK and Germany from January 2015. The service has been custom built for Technics by 7digital with music purchased on the platform stored in a cloud locker ready for download to multiple devices, with customers of Technics audio hardware in mind.

Radioplayer To Launch in Ireland

Also today, the Company is pleased to announce that the Radioplayer technology, which gives listeners easy access to streamed radio services and which 7digital licenses internationally, will be launched in Ireland for mobile devices by early December 2014. Following deals for Radioplayer in the UK, Germany, Belgium and Norway, the Irish radio industry has now agreed to adopt the technology. National broadcaster Raidió Telefís Éireann (RTÉ) and the Independent Broadcasters of Ireland (IBI) have agreed to licence the Radioplayer technology for an initial three year term.

Both contracts involve upfront payments and monthly recurring revenues, which underpin the Company's revenue expectations for the current year.



Simon Cole, CEO of 7digital, commented:

"Today shows great progress in two areas identified as key growth drivers: high quality audio and streamed radio. The 'Technics Tracks' service is an extremely exciting partnership for us. We have identified connectivity in the home as a major opportunity and have invested in our hi-resolution catalogue and capability ahead of this demand. The re-launch of Technics represents a fantastic opportunity to showcase these capabilities in partnership with a visionary audio company and one of the world's leading hi-fidelity brands. At the same time, our new relationship with the Irish radio industry means that more than 650 radio stations will be using Radioplayer as their streaming platform."



Director of Brand Strategy for Panasonic, David Preece said:

"Technics Tracks' will be a vital tool for us to deliver the perfect overall premium audio experience. We understand the uniquely emotionally-engaging experiences that listeners crave for when playing their favorite tracks and see the remarkable revelations that music lovers have when they experience true hi-resolution music delivered by our scintillating new hardware. We're incredibly excited to be driving the growth in hi-resolution music availability. Now we want to make the experience of exploring the highest-quality music formats more engaging and more accessible than ever before."



JP Coakley, Director of Operations, RTÉ Radio said:

"This is a big step forward by our mature industry; bringing simplicity and variety to digital listeners on a strong, robust platform with tons of potential".







ENDS