RNS good16 Oct 2015 08:08
Simon Cole, CEO of 7digital, commented:
"The launch of The Electric Jukebox is particularly significant to 7digital as the model represents exactly the kind of service which will be part of the 'Third Wave' of digital music - targeting the 90% of people who consume music at home but who do not use the current generation of streaming services. This 'Third Wave' is one of the reasons our revenue pipeline is so strong. The agreement with Electric Jukebox Company helps underpin our revenues for this year and continues the transition to high margin monthly recurring licensing revenues which will power the growth of the company in 2016".