Information  X 
Enter a valid email address

7digital Group PLC (7DIG)

  Print   

Friday 05 February, 2021

7digital Group PLC

Re Universal Music Group and Triller News

RNS Number : 1558O
7digital Group PLC
05 February 2021
 

5 February 2021

 

7digital Group plc  

("7digital" or "the Company")  

 

Re Universal Music Group and Triller News

 

7digital (AIM: 7DIG), the global leader in B2B end-to-end digital music solutions, notes the announcement issued by Universal Music Group ("UMG") today with regards to Triller. The Company confirms that this announcement by UMG has no financial impact on its business nor does it have any impact on its own relationships with either party. Triller remains a customer of 7digital having signed an 18 month contract in August 2020. 7digital will continue to provide Triller with services from the Company's platform under the existing terms with no impact on its revenue.

 

7digital will keep the market updated on any further developments in this matter as appropriate.

 

Enquiries  

 

7digital                                    c/o 020 7618 9100

Michael Juskiewicz

Lara Peterson    

 

Arden Partners  (Nominated Adviser and Broker)   020 7614 5900  

Richard Johnson, Benjamin Cryer  

 

Luther Pendragon  (Financial PR)   020 7618 9100  

Harry Chathli, Joe Quinlan   

 

 

About 7digital  ( www.7digital.com/ )  

 

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. These include consumer and social media brands, online fitness technologies, 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. From years of being the largest independent producer of programming for the BBC and powering services for partners like Triller, Soundtrack Your Brand, Global Eagle, GrandPad and Fender, 7digital is perfectly positioned to lead innovation at the intersection of digital music and next-generation radio services.  

 

About Triller   ( www.triller.co)

 

Triller is an AI-powered music video app that allows users to create professional-looking videos in a matter of seconds. Pick a song, select the portion of the song you want to use, snap a few takes and with the tap of a button you have a celebrity-quality music video starring you and your friends. Triller relies solely on organic growth and has more than 250 million downloads, with celebrities like Alicia Keys, Cardi B, Marshmello, Roddy Ricch and Eminem regularly using the app to create their own music videos. Triller recently was acquired by Proxima Media. For more information, visit www.triller.co and follow @trillervids on Instagram.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCTAMLTMTJMMPB

a d v e r t i s e m e n t