17 Aug 2020 16:12
17 August 2020
7digital Group plc
("7digital" or the "Company")
Response to Price Movement
7digital (AIM: 7DIG), the global leader in B2B music solutions and services, notes the recent movement in its share price following increased press and market comment regarding Triller Inc. ("Triller"), in particular the US President's recent usage of its App. On 12 August 2020 7digital signed a new 18-month contract between the Company and Triller. This followed from a previous 18-month contract with Triller signed in August 2018. The Company is not aware of any other reason for the share price movement.
2019 Results
On 15 June 2020 the Company notified that it had been granted a 3-month extension for the reporting of its audited results for the year ended 31 December 2019 ("2019 Results"). The Company is expecting to announce its 2019 Results during September, concurrently with its interim results for the six months ended 30 June 2020.
Enquiries
7digital Paul Langworthy, CEO
| 020 7099 7777 |
Arden Partners (Nominated Adviser and Broker) Richard Johnson, Benjamin Cryer
| 020 7614 5900 |
Luther Pendragon (Financial PR) Harry Chathli, Joe Quinlan, Elliot Fradd | 020 7618 9100 |
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.