Member Info for ipcutler66

No its an update to the RNS from 12th Feb this year
https://www.lse.co.uk/rns/7DIG/7digital-to-power-jazzed-qo8lo7r30yuf4iu.html

They have extended the original deal to include on demand access and so is a new revenue stream for us.

This is an update as clearly stated in the RNS's 2nd paragraph: "Under the terms of the initial 12-month contract, jazzed uses 7digital's API and platform access to fuel their roll-out into a range of other territories, allowing jazzed users to stream music from 7digital's extensive catalogue of jazz tracks globally. The extended deal will include on-demand access to over five million music tracks in HD lossless audio. The Company will receive a monthly licensing fee and usage-based payments, in line with usual commercial terms and other recent new contracts."

@bekind - it makes its money via an inventory fee on the invoice for the "service" details on page 6 of this research note available via Supply@me reports page: -
https://www.supplymecapital.com/wp-content/uploads/2020/05/2020_05_27_SYME_ProactiveResearch_equity-report.pdf

As a long term holder, emusic signed with 7dig in 2016. Tamir Koch who owns emusic is also now our owner.

So I used the contact form on the website and got this response today..... Interesting they have appointed a PR company...

" I am responding as I run IFC Advisory, Bould’s recently appointed financial PR and investor relations adviser.



Unfortunately despite the shares being suspended we remain bound by MAR and the AIM Rules. There is therefore very little I can say at this stage, but rest assured all involved are working hard to deliver a reverse takeover and we hope to be able to provide further information via an RNS announcement as soon as possible, although I can unfortunately give no guidance as to when that might be."

Here is the RNS link

https://www.investegate.co.uk/abal-group-plc/rns/cancellation/202002070700052555C/