Tag: 7digital

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7digital’s CEO and CFO step down in new effort to cut costs

B2B digital-music firm 7digital is still trying to dig itself out of a financial hole, with the latest news being that its CEO and CFO are stepping down. John Aalbers and Julia Hubbard will be sticking around for a few months...
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eMusic boss joins 7digital board and reiterates blockchain ambitions

As expected, B2B digital-music firm 7digital has appointed eMusic boss Tamir Koch to its board of directors, alongside entrepreneur David Lazarus. The move comes as the company tries to raise funding to stave off the threat...
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7digital financials shed more light on company’s position

B2B digital-music firm 7digital has published its financial results for 2018, although it’s events since the end of last year that have put the company in its current worrying position. So, 7digital’s group revenues...
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7digital needs £4.5m by the end of July to avoid administration

There’s a stark warning delivered within the latest financial filing for B2B digital-music company 7digital. “The Company currently believe that it still needs to raise Additional Funds of at least £4.5 million by...
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7digital must raise more equity to “continue as a going concern”

A business update posted on Polaris/Brighter IR, the investor relations site,  and dated 9th April says that the loss of MediaMarktSaturn as a customer has put the future of 7digital in serious doubt and that it will have...
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7digital gets a new CEO as Simon Cole steps down

B2B digital-music firm 7digital is to get a new leader, after CEO Simon Cole announced plans to step down. His replacement will be John Aalbers, the former boss of Arts Alliance Media. Aalbers will replace Cole on 1 April,...
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7digital gets a new CEO as Simon Cole steps down

B2B digital-music firm 7digital is to get a new leader, after CEO Simon Cole announced plans to step down. His replacement will be John Aalbers, the former boss of Arts Alliance Media. Aalbers will replace Cole on 1 April,...
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7digital signs gaming deal as deputy CEO Downton departs

B2B digital-music firm 7digital’s latest deal sees it getting into the gaming market, courtesy of a partnership with a company called Music Powered Games. The deal was announced alongside the launch of MPG’s new app MuzArcade for...
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7digital reaches €4m settlement over Juke music service

There has been some uncertainty around the relationship between B2B digital-music firm 7digital and retail group MediaMarktSaturn in recent months. In January it emerged that the companies were in talks over the future of...
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7digital deputy CEO talks music and ‘the rise of the super aggregator’

The music industry may be enjoying its return to growth fuelled by streaming subscriptions, but it should not get carried away. That warning came from Pete Downton, deputy CEO at 7digital, speaking at Music Ally and Music...
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MediaMarktSaturn mulls future for its Juke music-streaming service

B2B digital-music service 7digital published an update on its business on Friday, with three separate pieces of news. Among them, the news that 7digital is in talks with European retailer MediaMarktSaturn about the future...
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7digital revenues grew by 52% in the first half of 2018

Hot on the heels of revealing its latest partnerships with Universal Music Group, B2B firm 7digital has published its financial results for the first half of the year. The company saw its revenues grow by 52% year-on-year...