12 Aug 2020 07:00
12 August 2020
7digital Group plc
("7digital" or "the Company")
7digital Signs Contract with Digital Platform Triller to Power Social Music Video App
World's fastest growing social music video app deploys 7digital's global music catalogue to expand internationally
7digital Group plc (AIM: 7DIG), the global leader in B2B end-to-end digital music solutions, is pleased to announce that it has signed a new contract with Triller Inc. ("Triller") to power the world's fastest growing social music video app with its Music Platform-as-a-Service offering.
Triller is an AI-powered app that allows users to choose their favourite music to create auto-edited, professional-quality videos which can be published on the app or shared via social media channels. The viral music app and digital platform is regularly breaking new music, lifestyle and dance trends. Triller has recently launched several features to offer credit and revenue to artists, labels, and publishers making it the most sought-after platform available. This includes implementing a full-song, in-app streaming feature for paying subscribers, which will now be supported by 7digital's technical integration.
7digital will provide Triller with access to its global catalogue of more than 80 million tracks by licensing its API for music sampling and full-length audio streaming. This will enable US-based Triller to engage audiences around the world with both global and regional content. In addition, 7digital will provide Triller with back-end support for tracking usage and reporting to labels including Sony, Universal Music Group, Merlin and Warner Music Group.
The new agreement is for an initial minimum term of 18 months and commences immediately. The Company will receive both a monthly licensing fee and usage-based payments to capture Triller's future growth.
Paul Langworthy, CEO of 7digital, said: "Our new contract with Triller is further evidence of 7digital's commitment to lead the B2B market by supporting the fastest growing and most innovative forms of music consumption. Using our music platform and catalogue to serve the content needs of a global audience and manage the intricacy of rights and royalties, Triller can focus on building the experiences that are defining the future of music culture for fans, labels and artists."
Triller works with some of the biggest global artists and counts Snoop Dog, The Weeknd, Marshmello and Lil Wayne as strategic investors. It is dedicated to driving sustainable growth in the industry and putting its artists first.
Mike Lu, CEO of Triller, commented: "What we're seeing now is a paradigm shift in which technology is fundamentally changing the way fans experience and interact with music. The success of our platform and unprecedented rates of engagement in our community shows that people want to do more with music and have a greater voice in discovery and creation. Our partnership with 7digital ensures that the Triller community will have access to a comprehensive and global music catalogue. It also provides back-end capabilities that are essential to our platform's appeal, enabling us to properly compensate artists and publishers when their music is streamed in viral clips."
Enquiries
7digital 020 7099 7777
Paul Langworthy, CEO
Arden Partners (Nominated Adviser and Broker) 020 7614 5900
Richard Johnson, Benjamin Cryer
Luther Pendragon (Financial PR) 020 7618 9100
Harry Chathli, Joe Quinlan, Elliot Fradd
About 7digital (www.7digital.com)
7digital is the global leader in B2B end-to-end digital music solutions. The core of its business is the provision of robust and scalable technical infrastructure and extensive global music rights used to create music streaming and radio services for a diverse range of customers - including consumer brands, mobile carriers, broadcasters, automotive systems, record labels and retailers. 7digital also offers radio production and music curation services, editorial strategy and content management expertise.
7digital fosters industry growth and innovation by simplifying access to music for clients. From years of being the largest independent producer of programming for the BBC and powering services for partners like Soundtrack Your Brand, Global Eagle, GrandPad and Fender, 7digital is perfectly positioned to lead innovation at the intersection of digital music and next-generation radio services.
About Triller (www.triller.co)
Triller is an AI-powered music video app that allows users to create professional-looking videos in a matter of seconds. Pick a song, select the portion of the song you want to use, snap a few takes and with the tap of a button you have a celebrity-quality music video starring you and your friends. Triller relies solely on organic growth and has more than 250 million downloads, with celebrities like Alicia Keys, Cardi B, Marshmello, Roddy Ricch and Eminem regularly using the app to create their own music videos. Triller recently was acquired by Proxima Media. For more information, visit www.triller.co and follow @trillervids on Instagram.