7digital Group PLC Extended contract with Global Technology Company (1460F)
July 14 2021 - 1:00AM
UK Regulatory
TIDM7DIG
RNS Number : 1460F
7digital Group PLC
14 July 2021
14 July 2021
7digital Group plc
(" 7digital " or " the Company")
7digital extends contract with Global Technology Company
Further to the Company's announcement of 20 August 2020,
7digital (AIM: 7DIG), the global leader in B2B end-to-end digital
music solutions, is pleased to announce that it has signed an
extended contract continuing into 2023 with its global technology
company customer.
The customer will use 7digital's platform to access a world-wide
music catalogue from rights-secured labels, and the new deal also
includes tracking and reporting services.
Paul Langworthy, CEO of 7digital, said: "Following a successful
initial term, we are delighted to be expanding our contract with
this global technology company on an extended term. This is a major
validation of the global scale and reach of our platform, which
makes it easy for brands and enterprises to deliver music anywhere
in the world to millions of users and is helping to drive growth in
the industry. Additionally, the longer-term contract provides us
with improved revenue visibility going forward and contributes
towards achieving positive EBITDA for the full year."
Enquiries
7digital c/o 020 7618 9100
Paul Langworthy
Arden Partners (Nominated Adviser
and Broker)
Richard Johnson 020 7614 5900
Luther Pendragon (Financial PR) 020 7618 9100
Harry Chathli, Joe Quinlan 7digitalIR@luther.co.uk
About 7digital
7digital is the global leader in B2B end-to-end digital music
solutions, providing a scalable cloud-based platform that enables
companies and brands to connect to its global music catalogue and
rights management system to launch and manage unique and engaging
music experiences. Operating worldwide in over 80 markets and
integrated with more than 300,000 labels and publishers, 7digital's
platform automates the complex and time-consuming processes of
music management, making it easier to access and use music in
streaming services, social media, home fitness, gaming, retail and
more. With best-in-class infrastructure, deep industry expertise
and intelligence tools, 7digital empowers their clients to
innovate, grow and serve tomorrow's music consumer. For more
information, visit http://www.7digital.com/ .
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END
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