Tag: 7digital

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7digital teams up with SoundHound in voice AI partnership

The music industry’s excitement about voice-enabled devices like Amazon’s Echo family continues. But Alexa is far from the only smart assistant in town: alongside rivals like Apple’s Siri, Microsoft’s Cortana and...
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7digital completes acquisition of B2B firm 24-7

7digital has completed its acquisition of fellow B2B digital-music firm 24-7, which has been ‘handed over’ by its parent company, retailer MediaMarktSaturn. That phrase is important: this isn’t a straight cash deal....
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Music streaming 2.0: new models in emerging markets (#midem)

Music streaming’s evolution will be about more than just how the big, global services like Spotify and Apple Music continue their growth. Emerging markets are throwing up some interesting new business models and partnerships...
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Will music fans want to ‘stream the studio’ with hi-res audio? (#midem)

Major labels, a number of prominent artists, audio hardware firms and some streaming services are excited about the potential for ‘hi-res audio’. But will more than a niche of fans agree? A panel session during Midem...
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Apple Music may have a Musical.ly deal but it doesn’t replace 7digital

Tech site Recode has reported that social-music-videos app Musical.ly has struck its most significant partnership yet, with Apple Music. However, B2B firm 7digital has denied its claim that the deal replaces its own agreement...
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7digital raising £3m and in talks to acquire 24-7 Entertainment

There is more consolidation afoot in the B2B digital-music space, with 7digital announcing this morning that it has agreed heads of terms to acquire European rival 24-7 Entertainment from its current owner MediaMarktSaturn. The...
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7digital posted operating profit in final quarter of 2016

B2B digital-music firm 7digital posted an operating profit in the final quarter of 2016, according to a trading update for investors published this morning. The company also saw its revenues grow by 7.2% to £11.1m in...
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7digital’s Pete Downton talks Musical.ly, Echo and hi-res music

“The headline figures are hugely encouraging. It’s the first time I can recall where the industry is no longer just focusing on replacing lost physical sales with digital revenues. It’s now got a very clear path to...
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French e-tailer Cdiscount launches Cstream service

We knew this was coming as B2B firm 7digital flagged it in its recent trading update, but French online retailer Cdiscount has now launched a music-streaming service. Well, more than music: Cstream combines music, videos...
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‘Does Snapchat need music? Does WhatsApp need music?’

Is music-streaming boiling down, globally, to the big-tech big guns (Apple, Google, Amazon and maybe Facebook) plus one or two independent services if they can survive? 7digital CEO Simon Cole thinks his company’s recent...
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7digital boss talks labels, streaming and new-found profitability

Earlier this week, B2B digital music firm 7digital published its latest trading update, revealing revenues of £5.2m in the first half of 2016, and a net loss of £3.2m. The company also said it expects to be profitable...
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7digital writes off remaining Guvera debt

B2B digital-music firm 7digital has written off the remaining debt owed to the company by former client Guvera. “After careful consideration and extensive negotiation with Guvera, we believe that receipt of further payments...