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Posted inPartner Content

Tuned Global talks telcos, wellness and local streaming growth

For B2B music company Tuned Global, years of hard work on its technology platform and music offering have been paying off in 2020 and 2021 so far.

“We’ve had a great last year: we’ve almost doubled as a business,” says managing director Con Raso, in an interview with Music Ally.

That growth has come from an increasingly diverse roster of clients, from telcos and local streaming service to wellness firms and other startups, who have tapped into various aspects of Tuned Global’s software and services.

Posted inNews

7digital financials reveal Covid-19’s impact on its business

B2B digital music firm 7digital published its financial results for 2020 yesterday, with its revenues from ongoing operations falling by 20% to £6.5m (around $9m). However, the company narrowed its operating loss from £5.7m in 2019 to £2.1m in 2020 with what CEO Paul Langworthy described as its transition “to a leaner, more flexible, tech-focused business”.

“While our sales were impacted by the pandemic as our customers delayed purchasing or contract renewal decisions, it also threw up new opportunities for companies such as ours, accelerating trends that were already apparent pre-lockdowns,” added chairman Tamir Koch in the company’s annual report.

The pandemic impact was on clients delaying the launch of music (or music-using) services that required 7digital’s technology. However, fitness and social media apps were among those bright spots for 7digital in terms of client wins and renewals, with Apex Rides, Forme, Triller and Kuaishou among the companies it’s working with.