RE: Waiting3 Sep 2020 20:02
For those that think a fund raise isnt necessary accommodate the new contracts etc ---
My understanding is they would potentially need the added funds for the it side of things, expansion. It all costs money even if in cloud,. Everyone has to pay everyone, you need your dr site, licences for music, licences for the use of the cloud for example you have to pay per terribite of data stored, access, possibly also pay for the help to make sure runs smoothly, consultants, architects for the build of the new environment / change of environment also what products are they using to allow access to the catalogues they would need to buy potential licences for these as well as servers etc etc.
I dont know much about the 7digital model but I know a little about the it side of things and they would need to allow millions of users to access there data, where do you think the data is stored?? It's not thin air. The raise will be to expand rapidly to allow for the pop-music/ fitness etc side of things too. The software expansion etc all costs money. It's not a case of you buy a sim card and job done, yes for the end user but for example sky mobile have to pay for using ie vodafones telephone masts, telephone masts are charged business rates, also maintenance, telecoms, engineers etc.
End users dont really know how it works they just complain when it doesnt. Do a bit more research on how all companies that use software have to operate , costs etc it's not that simple.
Nothing is free. . .