9 Sep 2014 07:00
7digital Group plc
("7digital" or "the Company")
Contract license for Radioplayer platform
7digital (AIM:7DIG), the digital music and radio services company, is pleased to announce that the German commercial radio industry is to adopt the Radioplayer platform for web and mobile access to all of the country's commercial stations.
Radioplayer Deutschland, a partnership between the 18 leading German commercial broadcasters, is to launch the Radioplayer technology in Germany in January. Radioplayer Deutschland has signed an agreement with Radioplayer Worldwide ("RPW"), a consortium led by 7digital and created to license the UK Radioplayer platform internationally. 7digital is responsible for the software that manages both station listings and search functionality in Radioplayer and will receive monthly recurring revenues from the deal.
Consisting of a flexible desktop player, backend tools, search engine, mobile and tablet apps, the UK Radioplayer is relied on by hundreds of stations in the UK as their default player. Success in the UK - where Radioplayer has more than 7 million users - has generated considerable interest abroad in the project, which creates a single media player for the entire radio industry in any territory. Germany now joins Norway and Belgium in adopting the technology and management at 7digital is confident of further similar deals in the coming months.
Simon Cole, CEO of 7digital, Commented:
"Radioplayer is an important part of the software platform that came from the merger with UBC Media and is part of our vision for the digital future of radio and music. As both the radio and music industries move to an online future, we have the tools to manage the transition and create services that bring the two together."
Hans-Dieter Hillmoth, General Manager of Radio FFH in Frankfurt commented
"It´s the right time for this joint industry project in Europe's biggest market, Germany, together with our British radio-colleagues. The web is an excellent additional platform for modern radio, and radioplayer.de will be a non-profit-project to support radio listening between the commercial and public broadcasters".
ENDS
Enquiries:
7digital Group | 020 7453 1600 |
Simon Cole, Chief Executive | |
Chris Dent, Chief Financial Officer | |
finnCap (nominated adviser and broker) | 020 7220 0500 |
Charlotte Stranner/ Simon Hicks - Corporate Finance | |
Victoria Bates - Corporate Broking | |
Investec (joint broker) | 020 7597 5970 |
Dominic Emery | |
Junya Iwamoto | |
Powerscourt | 020 7250 1446 |
Juliet Clarke / Simon Compton / John Elliott |
About 7digital
7digital aims to simplify access to the world's music and radio. Our robust, scalable digital music platform and flexible APIs are used to power comprehensive music and radio services for leading consumer brands, mobile carriers, broadcasters, automotive systems, retailers, record labels, artists and agencies. Alongside proven technology, we offer global music rights, award-winning radio production services, and content management expertise, making us a leading global partner in this space.
7digital has powered streaming and download services for global brands like Samsung, T-Mobile, HMV and BlackBerry, has partnered with media giants such as Yahoo and Sirius XM, and is the largest independent producer of radio programming for the BBC. 7digital Group is ideally placed to lead innovation at the intersection of digital music and next generation radio services.