26 Nov 2015 07:00
26 November 2015
7digital Group plc
("7digital" or "the Company")
Launch of new services with Mariposa Holdings Group, Inc. and Playster contract win
7digital (AIM:7DIG), the digital music and radio services company, is today pleased to announce that it is powering two mobile music services for Mariposa Holdings Group, Inc. in Brazil. These are now live with two of the largest telecommunications companies in South America: Oi and Algar Telecom. The provision of this kind of mobile music service is key to the Company's growth, and these launches also mark a significant expansion in 7digital's South American business.
As part of a contract win first announced in June, Mariposa licenses 7digital's streaming technology and catalogue management platform to power new mobile music services. Launching its product in October 2015, Brazil's Algar Telecom was the first mobile network to offer its customers Mariposa's music subscription and radio style services. Since 24th November, Oi, the largest telecommunications company in South America, with over 60 million subscribers in Brazil, also offers a music service to its high value customers as part of a mobile carrier data offer. Services from both Algar Telecom and Oi are created and managed by Mariposa and powered by 7digital's platform.
7digital is also pleased to announce that it has signed an agreement with digital multimedia streaming platform Playster, to expand their music streaming service into 15 additional territories. Playster is the world's first all-inclusive online entertainment service, bringing together music, movies, books and games into a single subscription.
The deals with both Mariposa and Playster will contribute to 7digital's revenues for 2016.
Simon Cole, CEO of 7digital commented:
"The service launches with Mariposa show both the importance of mobile music to the Company's growth and our ability to work with partners to generate revenues in markets that have been previously underserved by strong digital music offerings. In addition, our partnership with Playster aligns with the Company's strategy to support customers who pursue business models that target more mainstream audiences."
ENDS
7digital Group | 020 7099 7777 |
Simon Cole, Chief Executive | |
Chris Dent, Chief Financial Officer | |
finnCap (nominated adviser and broker) | 020 7220 0500 |
Geoff Nash / Carl Holmes - Corporate Finance | |
Malar Velaigam / Mia Gardner - Corporate Broking | |
Powerscourt | 020 7250 1446 |
Juliet Callaghan / Simon Compton |
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About 7digital
7digital are the power behind innovative digital listening experiences. Their robust, scalable technical infrastructure and extensive global rights are used to create comprehensive music and radio services for leading consumer brands, mobile carriers, broadcasters, automotive systems, retailers, record labels, artists and agencies. Alongside proven product knowledge, 7digital offers award-winning radio production and music curation services, superior editorial strategy and content management expertise, making them a leading partner in this space.
7digital foster industry growth and innovation by simplifying access to music for clients such as Onkyo, Guvera, OpenLIVE, and The Overflow. From years of being the largest independent producer of programming for the BBC, launching Radioplayer in multiple territories and powering services for partners like HMV, Panasonic and ROK Mobile, 7digital are perfectly positioned to lead innovation at the intersection of digital music and next generation radio services.