Don't miss out here24 Jan 2020 15:47
Please read the whole RNS but here is a bit of it as a reminder as to how good that RNS really was.
The new year has also started positively with new contracts signed, a healthy pipeline and renewals negotiated. The Company has secured much of its expected revenues for FY 2020 and, consequently, is on track to achieve operational profitability by the end of Q2 2020.
Specifically, 7digital continues to win new business as it uses its flexible technology, its global music catalogue and music industry expertise and relationships to provide music solutions for enterprises and music service innovators. This includes supporting leading guitar manufacturer Fender in the launch of Fender Songs, and offering its music-as-a-service platform to power the music experiences of brands such as Universal Music Group and Triller. Furthermore, revenues from 7digital's direct-to-consumer content have also been stable, due to an increasing demand for Hi-Res tracks.