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.

Final results for UBC Media Group

RNS


RNS Number : 2116P

7digital Group PLC

15 August 2014






15 August 2014

7digital Group plc ("7digital" or "the Group")

Final results for UBC Media Group ("UBC Media" or the "Company")

7digital (AIM: 7DIG), the digital music and radio services company, reports final results for UBC Media Group, for the year ended 31 March 2014.

On 10 June 2014, UBC Media Group plc completed the reverse acquisition ("the Acquisition") of 7digital Group, Inc. and the Group was renamed as 7digital Group plc. These results cover pre-transaction historical trading for UBC Media and do not take into account any contribution from 7digital Group, Inc.

Following the Acquisition and re-admission to AIM, the Group changed its year-end to 31 December and expects to report its first set of results as a combined business on 30 September 2014, when it will release its figures for the half-year to 30 June 2014. That report will be a more accurate reflection of the current trading and future prospects of the new Group.

The Acquisition was completed for a consideration of £16.5m and as part of the process UBC Media completed a placing and subscription which, together with a bridging loan of £1m, raised a total of £7m to fund the combined business to a position of profitability. UBC Media carried out the transaction as part of its strategy to build a balanced business with experience in both digital music and radio as the two industries converge. The Acquisition has helped to create a business to business supplier of digital music services which currently provides nearly 100 customers in over 40 countries with a comprehensive set of products including on-demand music and radio streaming, music downloads, personalised radio, playlisting and curated content.

Simon Cole, Chief Executive of 7digital, commented:

"The combination of UBC Media and 7digital has created a business that is ideally positioned to benefit from the growth in digital music and the demand for radio streaming services. The synergies identified ahead of this deal have already begun to bear fruit, as evidenced by significant contract wins with the likes of Guvera, ROK Mobile and Onkyo, who were attracted by the comprehensive nature of the enhanced 7digital platform.

"As music is consumed across an increasing number of connected devices, 7digital is able to offer customers an independent and scalable platform that acts as the foundation for their digital music strategies. We are working hard to create a world leading digital music and radio platform and believe that the coming together of UBC Media and 7digital marks a major step towards fulfilling this ambition."

14 Aug finnCap 38.00 Corporate

If one is persuaded of the attractions of a punt on Audioboom, it is interesting to note that 7Digital Group (7DIG) (formerly UBC Media) holds an 18.7% stake in Audioboom which, at time of writing, is valued at £16.7 million. In the light of a market cap for 7Digital of just £20 million, this looks like a potentially interesting situation.

Formed by the combination of 7Digital and UBC Media, 7Digital has positioned itself as a B2B (business-to-business) services provider in the growing digital music and streamed radio market (hence the interest in Audioboom). Its global platform for music rights management and services covers 42 different countries with over 26 million tracks available globally for exploitation. In particular, I note the following comments from broker Investec:

“The number of songs is on par/better than other players (e.g. Spotify at ‘over’ 20m). We believe a new entrant would need to spend 3-4 years to replicate its platform and spend tens of million dollars given the number of rights and technology issues. 7digital should be preferable as a backbone provider to, say a JV with Spotify, as customers want control of their own valuable customer relationships.”

Crucially, this is an operationally geared business with a relatively fixed overhead base, so once breakeven is reached, profit growth could be very strong indeed.

Joint house brokers (salt shakers on standby) Investec and finnCap both envisage profitability in FY16 (year to December) and have price targets of 37p and 38p respectively, against a current share price of 16.375p. Although a sensible P/E-based metric isn’t possible until FY17 on their numbers, there is net cash of £6 million, which management believes is sufficient to “fund the combined business to a position of profitability.” Stripping out the current value of the stake in Audioboom, 7Digital is valued at just £3.3 million, which is less than net cash. If house brokers are to be given credence, this company could be making north of £2 million in 3 years’ time. It strikes me that those seeking exposure to Audioboom should consider doing so via 7Digital.




http://www.spreadbetmagazine.com/blog/thinking-of-investing-in-audioboom-take-a-look-at-7digital-i.html

Contract license for Radioplayer platform

RNS


RNS Number : 1026R

7digital Group PLC

09 September 2014






7digital Group plc

("7digital" or "the Company")



Contract license for Radioplayer platform



7digital (AIM:7DIG), the digital music and radio services company, is pleased to announce that the German commercial radio industry is to adopt the Radioplayer platform for web and mobile access to all of the country's commercial stations.

Radioplayer Deutschland, a partnership between the 18 leading German commercial broadcasters, is to launch the Radioplayer technology in Germany in January. Radioplayer Deutschland has signed an agreement with Radioplayer Worldwide ("RPW"), a consortium led by 7digital and created to license the UK Radioplayer platform internationally. 7digital is responsible for the software that manages both station listings and search functionality in Radioplayer and will receive monthly recurring revenues from the deal.

Consisting of a flexible desktop player, backend tools, search engine, mobile and tablet apps, the UK Radioplayer is relied on by hundreds of stations in the UK as their default player. Success in the UK - where Radioplayer has more than 7 million users - has generated considerable interest abroad in the project, which creates a single media player for the entire radio industry in any territory. Germany now joins Norway and Belgium in adopting the technology and management at 7digital is confident of further similar deals in the coming months.



Simon Cole, CEO of 7digital, Commented:

"Radioplayer is an important part of the software platform that came from the merger with UBC Media and is part of our vision for the digital future of radio and music. As both the radio and music industries move to an online future, we have the tools to manage the transition and create services that bring the two together."

Hans-Dieter Hillmoth, General Manager of Radio FFH in Frankfurt commented

"It´s the right time for this joint industry project in Europe's biggest market, Germany, together with our British radio-colleagues. The web is an excellent additional platform for modern radio, and radioplayer.de will be a non-profit-project to support radio listening between the commercial and public broadcasters".



ENDS

9 Sep finnCap 38.00 Corporate

Following BOOM.

7digital partners with Spanish Broadcasting System

RNS


RNS Number : 9369S

7digital Group PLC

30 September 2014






30 September 2014





7digital Group plc

("7digital" or the "Company")



7digital partners with Spanish Broadcasting System



7digital (AIM: 7DIG), the digital music and radio services company, announces a new contract with Spanish Broadcasting System (SBS), one of the largest owners and operators of radio stations in the United States, to create new music offerings including a radio-style streaming service.



SBS is primarily focused on the US Hispanic audience and, as part of this agreement, 7digital's platform will be used to power the new service for SBS in the US under their brand La Musica. Through an online portal and mobile app, LaMusica.com currently streams 14 of SBS' leading Spanish-language radio stations, including WSKQ-FM, the nation's number one ranked Spanish-language radio station among adults 18-49, as well as the top-ranked radio station (regardless of language) in the New York City area, according to the most recent Nielsen Audio Ratings Report.



7digital's API and infrastructure will provide La Musica, SBS' online Latin music, entertainment and news destination, with secure content management technology and a royalty reporting system to support additional music products beyond the site's current radio station streaming offering



Simon Cole, CEO of 7digital commented:

"La Musica from SBS is a perfect example of the kind of services we are seeing emerging from the world's more visionary radio companies as radio and streaming music come together. Listeners want more from their radio experience and users of streamed music services want the content curation and 'lean back' experience that radio can offer. I'm pleased that our expertise in both music and radio, access to catalogue and a robust streaming platform has allowed SBS to bring this service quickly to market and I expect it to be a great success."



Raul Alarcón, Jr., Chairman and CEO of Spanish Broadcasting added:

"We continue to invest in strengthening our LaMusica.com portal and extending the robust content offerings we provide to the nation's passionate Latino music fans. Our agreement with 7digital will provide us with additional tools to maximize the LaMuscia.com experience, further building on our momentum as we seek to fully capitalize on our strong media brands and close ties to the vibrant Latino music community."





ENDS

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