7digital Group PLC - London-based music licensing provider - Signs a new two-year contract worth at least GBP1 million with a pan-Asian consumer services company. To provide access to its global catalogue, full license compliance management and curation via its 7digital Playlisting Tool for the customer.
"This is a major, multi-year contract for 7digital that further enhances our visibility over our forecast revenue for the next two years," Chief Executive Paul Langworthy says.
"We're pleased to see our pipeline continue to translate to signed contracts and we look forward to updating the market on further progress."
Current stock price: 0.34 pence, up 13% on Monday
12-month change: down 73%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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