Digital music and radio firm 7digital has published its interim financial results for the first half of 2015, revealing that its revenues rose 2% to £5.2m, while its losses narrowed by 33% to £1.8m. The company highlighted 28 new customers using its platform – 15 signing contracts and generating setup revenues, and 13 using it – while also hailing its shift from towards streaming and licensing models.

“We are pioneering a completely new business model that fuses digital music and radio, through the building or licensing of new services for a diverse range of customers,” wrote CEO Simon Cole in his review of the business. “Increasingly we are working with new customers that are either augmenting their existing radio businesses or seeking to differentiate their hardware or telecoms network offerings through the bundling of music.” He also said 7digital has 63 “new prospects” at the moment, alongside existing customers looking to expand their music services.

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