7digital Group PLC Universal Music Group Contract Wins (6232B)
September 24 2018 - 1:00AM
UK Regulatory
TIDM7DIG
RNS Number : 6232B
7digital Group PLC
24 September 2018
24 September 2018
7digital Group plc
("7digital" or the "Company")
Announcement of Universal Music Group contract wins
7digital Group plc (AIM: 7DIG), the global leader in B2B digital
music solutions, is pleased to announce it has entered into
agreements with Universal Music Group ("UMG") to provide partner
services across three of UMG's separate digital music products. The
global agreements each cover a multi-year term and will contribute
to 7digital revenues in 2018 and beyond.
Simon Cole, CEO of 7digital, commented:
"We are delighted to be announcing agreements with the world
leader in music-based entertainment, Universal Music Group, since
each contract focuses on UMG initiatives that enable deeper
engagement between artists and their fans, and leverage a range of
revenue streams within digital music."
For further information please contact:
7digital 020 7099 7777
Simon Cole, Chief Executive
David Holmwood, Interim Chief Financial
Officer
Holly Ashmore, PR Manager
Arden Partners (nominated adviser and
broker) 020 7614 5900
Chris Hardie/Ruari McGirr/Benjamin Cryer
- Corporate Finance
About 7digital
7digital is the global leader in B2B end-to-end digital music
solutions. The core of its business is the provision of robust and
scalable technical infrastructure and extensive global music rights
used to create music streaming and radio services for a diverse
range of customers - including consumer brands, mobile carriers,
broadcasters, automotive systems, record labels and retailers.
7digital also offers radio production and music curation services,
editorial strategy and content management expertise.
7digital fosters industry growth and innovation by simplifying
access to music for clients such as MediaMarktSaturn, Onkyo and
musical.ly. From years of being the largest independent producer of
programming for the BBC and powering services for partners like
Panasonic, TDC and Fender, 7digital is perfectly positioned to lead
innovation at the intersection of digital music and next-generation
radio services.
About Universal Music Group
Universal Music Group is the world leader in music-based
entertainment, with a broad array of businesses engaged in recorded
music, music publishing, merchandising and audiovisual content in
more than 60 countries. Featuring the most comprehensive catalog of
recordings and songs across every musical genre, UMG identifies and
develops artists and produces and distributes the most critically
acclaimed and commercially successful music in the world. Committed
to artistry, innovation and entrepreneurship, UMG fosters the
development of services, platforms and business models in order to
broaden artistic and commercial opportunities for our artists and
create new experiences for fans. Universal Music Group is a Vivendi
company.
Find out more at: http://www.universalmusic.com.
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END
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