Tag: 7digital

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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...
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7digital signs deals for three UMG ‘digital music products’

Business-to-business digital music firm 7digital has announced its latest contract wins, and all three of them are for the same, sizeable client. The British company has “entered into agreements with Universal Music Group...
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7digital sees 50% revenue growth and a 33% reduction in operating losses in 2017

7digital has issued its financial results for the financial year 2017 and offered a view of its progress in the first half of 2018. The top line numbers include revenues growing 50% to £16.8m, a 74% jump in licensing revenues...
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Triller licenses song-preview clips via 7digital deal

Social video app Triller has made its latest licensing move, via a partnership with B2B firm 7digital. The latter company says that the deal will “grant Triller access to previews for millions of songs from the world’s...
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Music-streaming trends, from A&R to global/local evolution

At today’s Midem conference in Cannes, a pair of afternoon sessions at the event’s ‘Streaming Summit’ focused on some of the evolving trends around the music-streaming world. The first explored the question of...