10 Oct 2016 07:00
10 October 2016
7digital Group plc
("7digital" or "the Company")
Radioplayer Contract Wins & Update on Cdiscount
7digital (AIM:7DIG), the B2B digital music and radio services company, is today pleased to announce that, as part of the Radioplayer Worldwide (RPW) consortium, it has signed two new licensing agreements in Canada and Peru.
7digital has already licensed Radioplayer Worldwide in a number of territories, including Germany, Ireland, Austria, Norway and Belgium. These latest deals with coalitions of broadcasters in Canada and Peru mark the first expansion of RPW to markets outside Europe and increases the total number of stations on the Radioplayer platform globally to over 2,000.
The deals will contribute to 7digital's revenues for 2016 and beyond.
7digital is also pleased to update that its client Cdiscount, a leading French e-commerce retailer, launched its new 3-in-1 music, video and books monthly subscription streaming service last week.
Simon Cole, CEO of 7digital, commented:
"The convergence of streamed radio and music sits at the heart of our strategy; 7digital has been part of the Radioplayer Worldwide consortium for some time and negotiated licensing deals in various territories to create new streaming platforms for radio. This is the first time that Radioplayer has extended into territories outside Europe, it paves the way for further opportunities and extends our involvement with key radio broadcasters around the world."
ENDS
Enquiries:
7digital Group | 020 7099 7777 |
Simon Cole, Chief Executive |
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Matt Honey, Chief Financial Officer Holly Ashmore, PR Manager |
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finnCap (nominated adviser and broker) |
020 7220 0500 |
Geoff Nash / Carl Holmes - Corporate Finance |
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Malar Velaigam / Mia Gardner - Corporate Broking |
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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 a B2B digital music and radio services company. 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, Fnac, Musical.ly, Global Radio and E.Leclerc. 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 is perfectly positioned to lead innovation at the intersection of digital music and next-generation radio services.