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 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.