7digital Group PLC Contract renewal with Universal Music Group
17 Junio 2020 - 1:00AM
RNS Non-Regulatory
TIDM7DIG
7digital Group PLC
17 June 2020
RNS Reach
17 June 2020
7digital Group plc
("7digital" or "the Company")
7digital secures multi-service contract renewal with Universal
Music Group
7digital to support UMG in France with curated music solutions
for La Poste Mobile and Digster
7digital (AIM: 7DIG), the global leader in B2B end-to-end
digital music solutions, is pleased to announce that it has signed
a contract renewal with Universal Music France ("UMF"), the French
division of Universal Music Group ("UMG"), to support its streaming
service through French MVNO La Poste Mobile, and fan-facing music
playlist service Digster.
UMF has an established partnership with La Poste Mobile, one of
France's most popular mobile virtual network operators ("MNVO"), to
offer a music service to its mobile subscribers. The La Poste
Mobile streaming service features music sourced from UMG's
extensive catalogue of music genres and artists, and utilises
7digital's technology to access the catalogue as well as provide
back-end user reporting. With millions of mobile subscribers in
France, La Poste Mobile bundles the service to enhance its
subscription packages and engage members who can stream their
favourite music and discover new content provided exclusively by
UMG.
7digital's music-platform-as-a-service will also continue to
support Digster, a subsidiary of UMF, to offer curated playlist
services bundled with Telco offerings in Europe and the emerging
markets of Africa and the Middle East, including the Ivory Coast
and Cameroon. In addition to catalogue and back-end support,
7digital will also enable Digster to service a niche catalogue of
tracks that can cater to different markets and regional tastes.
UMF has been a partner of 7digital in these commercial efforts
since 2018 and this contract renewal extends and strengthens that
relationship for an initial minimum term of 12 months. The Company
will receive set-up and monthly fees for both services, which are
already live, as well as a usage-based content fee.
UMF joins a growing list of companies and innovators leveraging
7digital's music catalogue and technology to address the needs of
different segments and audiences around the world, including
jazzed, the world's first dedicated streaming service for jazz.
Paul Langworthy, CEO of 7digital, said: "This contract renewal
demonstrates 7digital's utility in supporting the expansion of the
global audio streaming market. With the growth of streaming
services clustered around the $9.99 price point reaching a
saturation point, there is a growing opportunity in the market for
niche offerings that differentiate themselves by characteristics
such as access, format, curation, geography, or genre. In addition,
as global smartphone usage continues to rise, particularly in
emerging markets, we are thrilled to support the development of
services that allow more music to be consumed around the
world."
Enquiries
7digital 020 7099 7777
Paul Langworthy, CEO
Arden Partners (Nominated Adviser and Broker) 020 7614 5900
Richard Johnson, Benjamin Cryer
Luther Pendragon (Financial PR) 020 7618 9100
Harry Chathli, Joe Quinlan, Elliot Fradd
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 - 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. From years of being the largest
independent producer of programming for the BBC and powering
services for partners like Global Radio and Fender, 7digital is
perfectly positioned to lead innovation at the intersection of
digital music and next-generation radio services.
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END
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