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.

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

21 Nov finnCap 38.00 Corporate

Partnership in High Resolution Audio

RNS


RNS Number : 2221A

7digital Group PLC

19 December 2014








19th December 2014



7digital Group plc

("7digital" or "the Company")



Partnership in High Resolution Audio



7digital (AIM:7DIG), the digital music and radio services company, announces a global partnership with British audio pioneer, Meridian Audio ("Meridian"), based around Meridian's recently launched revolutionary new High Resolution sound experience MQA, or Master Quality Authenticated.

Meridian, based near Cambridge, has over 35 years' history of innovation and development of consumer home entertainment systems offering exceptional performance. The award-winning company is widely recognised as a world leader in high-quality audio and video reproduction. Meridian developed the first audiophile CD player, the world's first consumer digital surround controller and the world's first digital loudspeaker.

MQA was launched to an enthusiastic reception from the consumer electronics and music industries on 4 December 2014 in a presentation at London's "Shard".

The partnership, announced today, means that 7digital will adopt MQA and become the first digital music platform provider to offer this high quality audio format for both downloads and streaming. It follows recent announcements of contracts with Panasonic and Onkyo to develop new High Resolution music services.



Simon Cole, CEO of 7digital, commented:

"MQA is a revolutionary new development in the journey towards serving consumers the purest high resolution digital files. MQA, which will be available in early 2015, delivers the quality of original studio recordings so cleverly and efficiently that it can be conveniently streamed or downloaded. We feel extremely privileged to have been involved so closely with the Meridian team right through the R&D stage, lending our own considerable and longstanding experience in high quality digital music services to the process. I truly believe MQA will become the standard for high quality streaming."



Meridian Audio Co-Founder Bob Stuart said:

"MQA is an important development that transforms music listening. MQA brings the listener every nuance and detail and the excitement of the live performance sound. Authenticity is not compromised for convenience. 7digital's commitment to excellence and to sound quality makes them a natural partner for MQA. Their team have been untiring supporters of this revolution and we are excited about the launch of this platform."

Contract Win and Launch Of New Service
RNS
RNS Number : 3454B
7digital Group PLC
06 January 2015





6 January 2015



7digital Group plc

("7digital" or "the Company")



Contract Win and Launch Of New Service



7digital (AIM:7DIG), the digital music and radio services company, announces a new contract to provide the technology platform, content management system and catalogue for a new North American music streaming service which targets Christian music fans.

The "Overflow" app, launched yesterday, offers users access to a catalogue of over 370,000 tracks that are Christian, Gospel or Christian-related sub-genres, in an interactive on-demand subscription service. The Overflow built the app leveraging 7digital's platform as well as its catalogue of music from major and independent labels. 7digital has received setup fees and will earn monthly recurring revenues.

With a comprehensive catalogue of Christian music across all sub-genres, users can select the song they want, or "lean back" and listen to curated playlists from The Overflow or partners like NewReleaseTuesday.com. The Overflow also brings fans closer to the heart of the artist through devotionals from top artists integrated with the YouVersion Bible App (+157M installs). The service allows users to download songs, albums or playlists onto their device with an active subscription. At $4.99 per month, The Overflow represents the first in a new generation of 'micro-subscription' services targeting specific music interest groups at reduced subscription rates.



Simon Cole, CEO of 7digital, commented:

"Innovation around digital music continues to flourish and services that focus on a niche catalogue or are catered to specific audiences have huge potential to convert new digital users. The Christian community is quickly creating a buoyant market for digital services and this is the first streaming music service that caters to their needs. The Overflow knows their audience well and can foster a great discovery experience through smart media partnerships and focused curation."



CEO of The Overflow, Stephen Relph adds:

"We're excited to bring Christian music fans an immersive App that offers them unlimited Christian music anytime, online or offline. We are confident that we can bring Christian music fans closer to their favorite Christian artists and discover new artists with our curated playlists by genre. Using 7digital's API allowed us to focus on getting our product and marketing plan executed without being slowed down by the complex work of content management."









ENDS

.

UPDATE - Sainsbury's signs music deal with 7digital

By Giles Gwinnett

March 24 2015, 12:05pm
Shares in digital music firm 7Digital (LON:7DIG) sang higher Tuesday as it unveiled a new three year contract with UK supermarket giant Sainsbury's (LON:SBRY).
Shares in digital music firm 7Digital (LON:7DIG) sang higher Tuesday as it unveiled a new three year contract with UK supermarket giant Sainsbury's (LON:SBRY).


--adds detail, broker comment--

Supermarket giant Sainsbury’s is revamping its online music offering in a deal with AIM-listed 7digital (LON:7DIG).

The UK grocer, which stopped selling physical CDs on the web last year, has secured access to an online library of 31mln tracks.

7digital will provide the catalogue of digital tunes and power music platform, offered as white-label service with Sainsbury's paying a monthly fee

The platform will bolt onto Sainsbury’s existing online entertainment offering, which already allows users to download music, books and films.

"I am very pleased to be able to announce an important new customer in Sainsbury's,” said Simon Cole, chief executive of 7digital.

“We look forward to working with the business as it develops its online entertainment offering.”

Meanwhile, Cole’s online music-outfit added that its existing deal with Guvera - the streaming service offered on Lenovo tablets and mobiles - had been expanded to cover Europe.

It is currently powered by 7digital in the UAE, Saudi Arabia and India, and Guvera added a further eight emerging markets last summer. Now, 7digital covers 16 territories.

In its final results, sent out today, 7digital reported how 25 contracts had been won valued in aggregate at £3.4mln in in the last 12 months.

These included Guvera, i.am, Spanish Broadcasting System, Inc, The Overflow and ROM Mobile.

The music-outfit's catalogue now contains over 32mln licensed tracks, it highlighted.

Turnover was down 12% to £10.2mln in the year, as the group continued to move away from low margin download stores.

High margin monthly recurring revenues - its new focus - were up 14% to £4.4mln.

The adjusted operating loss was reduced 15% to £3.8mln while cash at the end of the year stood at £5.32mln compared to £1.29mln in 2013.

"These results represent a year in which we successfully created a new company from the merger of UBC Media and 7digital; we have ended it in a position ahead of the predictions we had made during the merger," said Cole.

"Our success and growing customer base is proof of the developing market for streamed music services and the coming together of the radio and music industries as technology and consumer habits change."

Investec sent out a Buy rating on the firm following the results.

"One for the playlist," said the broker. "7digital looks a nice B2B play on the fast growth and disruptive music streaming market."

Shares added 5.61% to 14.125p in early deals.

Director Dealings
RNS
RNS Number : 6327I
7digital Group PLC
27 March 2015

7digital Group plc

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

Director Dealings

7digital (AIM:7DIG), the digital music and radio services company, announces that it has been notified that Sir Donald Cruickshank, Non-Executive Chairman of the Company, purchased 50,000 ordinary shares of 10 pence in the capital of the Company ("Ordinary Shares") at a price of 15 pence per Ordinary Share on 26 March 2015.

Following this purchase, Mr Cruickshank now holds 150,000 Ordinary Shares, representing approximately 0.14 per cent. of the total voting rights of the Company.

Director Deals - (7DIG)
BFN
Sir Donald Cruickshank, Chairman, bought 140,000 shares in the company on the 27th March 2015 at a price of 17.46p. The Director now holds 290,000 shares.

Bought a few today - along with almost the entire world, his wife and his dog as well. Missed 7p while I was prevaricating, so had to pay out 7.25p.