7Digital Shares Jump on Contract With Chinese Video Platform Kuaishou
By Adria Calatayud
Shares in 7Digital Group PLC rose Thursday after the company
said it has signed a contract to provide licensed music to Chinese
short-video and live-streaming platform Kuaishou Technology.
The U.K. provider of digital-music services said the contract,
with an expected term of 24 months, strengthens its revenue
visibility as it includes a set-up fee, a monthly recurring access
fee and a usage fee. No financial details were disclosed.
Shares in 7Digital at 0827 GMT were up 29% at 1.65 pence.
Write to Adria Calatayud at email@example.com
(END) Dow Jones Newswires
March 11, 2021 03:46 ET (08:46 GMT)
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