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7digital Group PLC - London-based music licensing provider - Wins new, three-year contract with visual inspiration platform, Pinterest Inc. Says that the contract is designed to support growth in content and territories as the platform expands into new markets as needed. The contract will enable Pinterest's music library to include licensed commercial tracks, delivered by 7digital's music-as-a-service platform, to sit alongside their royalty free music.
Chief Executive Paul Langworthy says: "We're excited to integrate with Pinterest to provide their community with an innovative and powerful way to share music and creativity that will generate immersive new experiences for the Pinterest community. This contract reflects the strength of 7digital's end-to-end offering, our global catalogue, and our ability to meet and serve the growth in music consumption on platforms at scale"
Current stock price: 0.42 pence, up 87% on Wednesday
12-month change: down 21%
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