focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picks7DIG.L Regulatory News (7DIG)

  • There is currently no data for 7DIG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

HDmusicStream hi-res streaming service

5 Jun 2017 07:00

RNS Number : 0892H
7digital Group PLC
05 June 2017
 

RNS Reach

05 June 2017

7digital Group plc

("7digital" or "the Company")

HDmusicStream hi-res streaming service

 

7digital (AIM:7DIG), the global leader in end-to-end digital music solutions, confirms that it will power a forthcoming high resolution streaming service from the founders of HDtracks. The HDmusicStream service will use MQA technology to deliver studio quality music, while 7digital will handle app development, host the music catalogue on its platform and deliver tracks to consumers.

 

Recent announcements by Sony Music Group and Merlin confirm that MQA has secured major and independent label support for its technology. Along with Warner Music Group and Universal, who previously revealed partnerships with MQA, those labels will make their music catalogues and new releases available in the hi-res MQA format.

 

The HDmusicStream service is expected to launch in H2 2017.

 

7digital's Deputy CEO, Pete Downton, will be appearing at music industry conference Midem in Cannes this week (Tues 6th June) discussing the next wave in subscription music with representatives from DEG (Digital Entertainment Group), Universal Music Group and Sony Music Entertainment, MQA and Qobuz.

 

7digital previously announced this contract on an un-named basis within its interim results statement for the six months to 30 June 2016, published on 19 September 2016.

Pete Downton, Deputy CEO of 7digital, said:

"We are excited today to be able to confirm our relationship with HDtracks. The Grammy Award-winning label Chesky Records - from HDtracks founders David and Norman Chesky - has, for many years, set the highest standards in high resolution audio. Their pursuit of excellence will soon be available to audiophile music fans in a streaming service for the first time".

 

Enquiries:

 

7digital Group

020 7099 7777

Simon Cole, Chief Executive

 

Matt Honey, Chief Financial Officer

Pete Downton, Deputy CEO

Holly Ashmore, PR Manager

 

 

 

 

finnCap (nominated adviser and broker)

 

020 7220 0500

Geoff Nash / Carl Holmes - Corporate Finance

 

Malar Velaigam / Mia Gardner - Corporate Broking

 

 

 

 

Weber Shandwick (financial PR agency)

Nick Oborne - NOborne@webershandwick.com

Tom Jenkins - TJenkins@ webershandwick.com

 

About 7digital (http://about.7digital.com)

 

020 7067 0000

7digital is the global leader in 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 such as Onkyo, Global Radio and musical.ly. 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, Electric Jukebox and Panasonic, 7digital is perfectly positioned to lead innovation at the intersection of digital music and next-generation radio services.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NRADBGDLGDGBGRS
Date   Source Headline
29th Mar 20194:06 pmRNSHolding(s) in Company
28th Mar 20198:00 amRNS7digital agrees partnership deal with ACCESS
28th Mar 20197:00 amRNS7digital announces deal with Dubset
25th Mar 201910:00 amRNSChief Executive Officer Succession
22nd Mar 20191:30 pmRNSHolding(s) in Company
20th Mar 20197:00 amRNSAppointment of Chief Financial Officer
15th Mar 201911:40 amRNSHolding(s) in Company
8th Mar 20199:00 amRNSDirectorate Change
7th Mar 20197:00 amRNSPartnership deal with Music Powered Games
6th Mar 20194:08 pmRNSHolding(s) in Company
1st Mar 20197:30 amRNSSettlement with MediaMarktSaturn over Juke service
15th Feb 20194:06 pmRNSHolding(s) in Company
15th Feb 20194:04 pmRNSHolding(s) in Company
8th Feb 20197:00 amRNSExercise of Conversion Rights and Issue of Equity
15th Jan 201912:36 pmRNSDismissal of Petition
15th Jan 20197:00 amRNSUpdate on Petition
4th Jan 20194:40 pmRNSSecond Price Monitoring Extn
4th Jan 20194:35 pmRNSPrice Monitoring Extension
4th Jan 201910:10 amRNSUpdate
7th Dec 201812:59 pmRNSIssue of Equity
26th Oct 20187:00 amRNSShareholder Funding
12th Oct 201810:53 amRNSHolding(s) in Company
8th Oct 20187:00 amRNSShareholder Funding and Consolidation
28th Sep 20181:45 pmRNSResult of AGM
28th Sep 20187:00 amRNSInterim Results
24th Sep 20187:00 amRNSUniversal Music Group Contract Wins
5th Sep 20187:00 amRNSNotice of AGM
31st Aug 20187:00 amRNSHolding(s) in Company
30th Aug 20187:00 amRNSGrant of Options
17th Aug 20188:54 amRNSTriller contract win
16th Aug 20188:30 amRNSRestoration - 7Digital Group Plc
16th Aug 20188:03 amRNSFurther re Preliminary Results
16th Aug 20187:00 amRNSPreliminary Results
2nd Jul 20187:30 amRNSSuspension - 7Digital Group Plc
2nd Jul 20187:00 amRNSTemporary Suspension of Trading
29th May 20187:00 amRNSLaunches, contract, notice of Preliminary results
24th May 20183:35 pmRNSHolding(s) in Company
23rd Apr 20187:00 amRNSContract wins, notice of results and Q1 update
29th Mar 201812:35 pmRNSHolding(s) in Company
5th Mar 20184:34 pmRNSIssue of Equity & Director/PDMR Shareholding
2nd Mar 20183:47 pmRNSHolding(s) in Company
9th Feb 20187:00 amRNSYear End Trading Update
12th Jan 20187:00 amRNSContract wins and client launches
5th Jan 20183:30 pmRNSHolding(s) in Company
27th Dec 201711:44 amRNSHolding(s) in Company
21st Dec 20172:09 pmRNSHolding(s) in Company
21st Dec 20172:06 pmRNSHolding(s) in Company
20th Dec 20172:36 pmRNSHolding(s) in Company
19th Dec 20177:00 amRNSDirector/PDMR Shareholding
18th Dec 201712:13 pmRNSResult of General Meeting

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.