December 22, 2014 1:52 AM ET

Media

Company Overview of 7Digital Group PLC

Company Overview

7digital Group plc provides digital music and radio services in the United Kingdom, Europe, and internationally. It operates through two segments, Content, and Software and Interactive. The company offers on demand subscription streaming services online, offline, and on mobile devices; Internet radio and DMCA-compliant services; and micro, niche, or genre-based subscription services. It also provides cloud-based music locker, which is used to download or stream music from any device; HD audio in various file formats that range from MP3 and AAC to lossless formats, such as FLAC; and custom software development and software as a service (SaaS) solutions to radio broadcasters, as well as create...

69 Wilson Street

London,  EC2A 2BB

United Kingdom

Founded in 2004

108 Employees

Phone:

44 20 7099 7777

Key Executives for 7Digital Group PLC

7Digital Group PLC does not have any Key Executives recorded.

7Digital Group PLC Key Developments

7digital Wins Two New Contracts

7digital announced two new contracts that demonstrate strategic progress in the areas of hi-resolution digital music and streaming radio services. Panasonic Hi Resolution Music Service: The company has been appointed by Panasonic to launch a new hi-resolution music service under their iconic Technics audio brand. 'Technics Tracks', a service enabling music lovers to rediscover tracks and albums from an exceptional catalogue of 24-bit hi-resolution audio, will be available in the UK and Germany from January 2015. The service has been custom built for Technics by 7digital with music purchased on the platform stored in a cloud locker ready for download to multiple devices, with customers of Technics audio hardware in mind. Radioplayer To Launch in Ireland: Also, the company announced that the Radioplayer technology, which gives listeners easy access to streamed radio services and which 7digital licenses internationally, will be launched in Ireland for mobile devices by early December 2014. Following deals for Radioplayer in the UK, Germany, Belgium and Norway, the Irish radio industry has now agreed to adopt the technology. National broadcaster Raidió Telefís Éireann (RTÉ) and the Independent Broadcasters of Ireland (IBI) have agreed to licence the Radioplayer technology for an initial three year term. Both contracts involve upfront payments and monthly recurring revenues, which underpin the Company's revenue expectations for the current year.

7Digital Group PLC Partners with Spanish Broadcasting System to Create New Music Offerings Including Radio-Style Streaming Service

7Digital Group PLC announced a new contract with Spanish Broadcasting System to create new music offerings including a radio-style streaming service. 7digital's API and infrastructure will provide La Musica, SBS online Latin music, entertainment and news destination, with secure content management technology and a royalty reporting system to support additional music products beyond the site's current radio station streaming offering.

7Digital Group PLC Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

7Digital Group PLC reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported revenue of £5,057,000 against £5,678,000 a year ago. Operating loss was £2,732,000 against £2,221,000 a year ago. Loss before tax was £2,765,000 against £2,221,000 a year ago. Loss for the period attributable to owners of the parent company was £2,772,000 against £2,237,000 a year ago. Loss per share basic and diluted was 2.55 pence against 1.23 pence a year ago. Adjusted LBITDA was £1,814,000 against £1,999,000 a year ago. Adjusted operating loss was £2,126,000 against £2,221,000 a year ago. Net cash used in operating activities was £2,719,000 against £3,315,000 a year ago. Purchases of property, plant and equipment was £120,000 against £647,000 a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Buyback
October 31, 2014
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