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7digital Group PLC (7DIG)

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Thursday 05 May, 2016

7digital Group PLC

musical.ly Contract Win & Update on i.am+

RNS Number : 3001X
7digital Group PLC
05 May 2016
 

05 May 2016

                                                                                                        

7digital Group plc

("7digital" or "the Company")

 

musical.ly Contract Win & Update on i.am+

7digital (AIM:7DIG), the B2B digital music and radio services company, is today pleased to announce it has signed a contract with musical.ly, a fast-growing social media platform based around video and music with a strong international footprint.

The deal will contribute to 7digital's revenues for 2016.

7digital is also pleased to update that its client i.am+, the technology company founded by musician and entrepreneur will.i.am, has announced it is now taking pre-orders in the UK for the Dial wearable 'smartcuff' device ahead of its launch on 13 May. The Dial's innovative model allows access to millions of tracks without the need for any additional subscription.

Simon Cole, CEO of 7digital, commented:

"The musical.ly contract win highlights 7digital's continued global expansion as the Company increases its reach into further territories, while availability of the i.am+ Dial for pre-order marks a significant moment in this long-term partnership. We're delighted to be working with both clients on innovative products that take full advantage of the ways in which people around the world now consume, discover and share content online and on the move."

ENDS

 

 

Enquiries:

 

7digital Group

020 7099 7777

Simon Cole, Chief Executive


Matt Honey, Interim Chief Financial Officer

Holly Ashmore, PR Manager




 

finnCap (nominated adviser and broker)

 

020 7220 0500

Geoff Nash / Carl Holmes - Corporate Finance


Malar Velaigam / Mia Gardner - Corporate Broking




 

Weber Shandwick (financial PR agency)

Nick Oborne - [email protected]

Tom Jenkins - [email protected] webershandwick.com

 

About 7digital (http://about.7digital.com)

 

020 7067 0000

7digital is a B2B digital music and radio services company. 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 Onkyo, Guvera, Global Radio and The Overflow. From years of being the largest independent producer of programming for the BBC, launching Radioplayer in multiple territories, and powering services for partners like HMV, Panasonic and ROK Mobile, 7digital is perfectly positioned to lead innovation at the intersection of digital music and next-generation radio services.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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