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IN BRIEF: 7digital Group wins contract with music and data platform

ALN

7digital Group PLC - London-based music licensing provider - Wins multi-year contract with a new, unnamed music and data platform. Does not disclose the contract value.

The customer will use 7digital's music-as-a-service platform in the US and Canada to feed music to its business to business content platform. The launch is expected later this year.

‘This multi-year contract is a further great win for 7digital which will contribute to our growth. It is exciting to bring in a new customer from a very strong pipeline of new business and work with them to build their service offering, which is further proof that demand for music in all its forms has never been stronger.’

Current stock price: 0.34 pence, up 12% on Thursday

12-month change: down 74%

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