Tag: 7digital

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7digital says it’s on track for operational profitability

Earlier this month, B2B digital music firm 7digital announced that it was raising £6m ($7.7m) from selling shares, to support its business. Now the company has added a further £1m, this time from a new revolving credit...
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Apex Rides hopes to take on Peloton, and it’s licensing music

Where there's a startup that's gone public in a big IPO, there'll be fledgling rivals hoping to follow the same path and compete with it. Such is the case with fitness firm Peloton. One of its latest rivals is called Apex...
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B2B music firm 7digital raises £6m in new funding

It's not that long since B2B digital music company 7digital was having serious financial troubles, but it's been working hard to survive. By January 2020 the company said it had "stabilised itself", before borrowing £500k...
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eMusic gets into livestreaming with eMusicLive launch

The last time we checked in on eMusic, it had just launched its eMU token as part of a blockchain drive, while its boss had joined the board of B2B firm 7digital. A few months on, the two companies are hopping aboard the...
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Jazzed streaming jazz service plans expansion and HD tier

We wrote about the launch of jazz-focused streaming service Jazzed in the UK earlier this year, with its blend of an ad-supported free tier and a premium subscription. Now the service is set for expansion on two fronts....
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Triller signs new 18-month contract with B2B firm 7digital

Triller and B2B digital music firm 7digital have announced a new deal that will see the latter company providing access to its catalogue of more than 80m tracks as clips and full-length tracks. Note, this is just about...
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7digital borrows £500k for working capital over next year

B2B digital music company 7digital still expects to reach ‘operational profitability’ by the end of June, but the company has just borrowed £500k from an (unnamed) UK-based lender, for use this year. The 12-month loan,...
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7digital has ‘stabilised itself’ after financial troubles

2019 was a bumpy year for B2B digital-music firm 7digital, but under its new management the company is hoping for a smoother 2020. The public firm published a trading update yesterday, describing the second half of 2019...
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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...