LONDON (Alliance News) - Shares rose in 7digital Group PLC on Friday as it signed a contract with music video platform Triller to provide access to music clips and manage label reporting.
Shares in the music solutions provider rose 12% to 5.20 pence Friday morning.
The contract initially covers an 18-month period and will contribute to 7digital's revenue from 2018 onward. Triller currently has 29 million users across 14 countries on its artificial intelligence-driven platform.
"We are delighted to be announcing this deal with Triller. 7digital is expert at providing access to music for innovative platforms of this type, having previously partnered in 2016 with musical.ly, another fast-growing social media platform based around video and music with a strong international footprint," said Chief Executive Officer Simon Cole.