7digital Share Discussion Threads

[tiger60] 05/6/2017 11:37

well it was 5.75 to buy 100,000 a few minutes ago so no strength in the share price at the moment. There must be an unreported large seller in the background

[runwaypaul] 05/6/2017 11:05

ive been buying this morning and will continue doing so on weakness gl

[monte1] 05/6/2017 10:27

Oh perlease.

[love it] 05/6/2017 10:24

Maybe it's not rising because the mm's are not letting anybody buy online. You cannot even get 10,000 online at 5.75p

[hydrus] 05/6/2017 10:14

I think probably at saturation stage in relation to announcements about arrangements/partnerships/collaborations. Unless there is clear evidence of cash generative deals then can't see much progress in share price

[pet lover] 05/6/2017 09:54

Full details 7dig runs this service.

YOLO Leisure & Technology PLC Further Investment in Magic Media Works
Intraday Yolo Leisure Chart

Intraday Yolo Leisure Chart
05/06/2017 7:00am

UK Regulatory (RNS & others)


TIDMYOLO

RNS Number : 0866H

YOLO Leisure & Technology PLC

05 June 2017

YOLO Leisure and Technology plc

("YOLO" or the "Company")

Update on Magic Media Works Ltd

Conversion of existing Loan Notes

Yolo Leisure and Technology plc ("Yolo") is pleased to provide an update on significant developments at its investee company, Magic Media Works Ltd ("Magic"), the home entertainment technology company.

Highlights;


-- Magic has successfully completed a major new pre-IPO round of funding;
-- Company now able to launch a new version of core product and to enter the North American market;


-- Full participation in the Magic funding round by Yolo;
-- Simultaneous conversion by Yolo of existing Magic Convertible Loan Notes;
-- Yolo now a 41.43% shareholder in Magic; and
-- FinnCap appointed by Magic to advise Company on corporate and funding strategy.
Details

Magic has completed an issue of GBP1.2m of new Convertible Loan Notes (the "New Loan Notes"). GBP1.0m of this raise has been secured through additional funding from new and existing investors, with the balance consisting of the capitalisation of part of a loan account ("Loan Account") due to Rob Lewis, founder and CEO of Magic.

On conversion, the New Loan Notes will convert into ordinary shares in Magic at a 33% discount to the share price on an Initial Public Offering ("IPO") of Magic shares to the Stock Market. In the event that such an IPO does not occur by 1(st) December 2017, the New Loan Notes will thereafter accrue interest at 10% per annum. The New Loan Notes are repayable on the 1(st) of December 2019.

Yolo has subscribed for GBP500,000 of the New Loan Notes.

In addition to his investment in the New Loan Notes, CEO Rob Lewis has also subscribed for a further GBP600,000 of new ordinary shares in Magic through the conversion of the rest of his Loan Account, leaving a residual amount to be paid in lieu of salary.

As part of this investment round, Yolo is converting its existing holding of GBP1.415m Magic Convertible Loan Notes, as announced on 7 November 2016, into 2,673,661 new ordinary shares in Magic, giving it a 41.43% holding in Magic.

Following the closing of this pre-IPO funding round, Magic has appointed, with immediate effect, FinnCap Limited, one of the leading AIM Nominated Advisers and Brokers, as Corporate Finance Advisor to advise on its corporate finance strategy.

Following the above capital raises, Magic's next generation product will now launch in Q3 2017, delivering a suite of new features which will significantly differentiate the company's proposition from existing music streaming offerings.

This new product will be made available through a range of retailers, etailers and TV shopping networks in a range of territories in both North America and Europe with launch dates and further details about the products exciting features to be announced in the near future.

In anticipation of the new product's launch, Magic Works has appointed Paul Johnson (previously with Nissan, Sony and Virgin) as Chief Marketing Officer and Michael Moszynski, CEO of London Advertising, has joined Magic's Advisory Board.

Simon Robinson, Chief Executive Officer of Yolo, comments: "The closing of this pre-IPO funding round by Magic represents a significant milestone for the company. Our decision to subscribe in this funding round and to convert Yolo's existing Convertible Loan Notes in the company into a major equity holding, clearly demonstrates the Board's growing belief that our investment into Magic is now poised to deliver material and measurable near-term returns for Yolo shareholders. I am also pleased to report that YOLO's other investee companies are also performing well, and shareholders can expect news in this respect shortly."

Editors Note about Magic Media Works;

Magic Media Works mission is to connect people together through music and bring joy to the home by building remarkably simple products that anyone, and everyone can use. During the first quarter of 2017, a third of its existing customers were already using the company's devices for more than 8 hours per week.

Magic has licensing agreements with the world's major record labels, including Universal Music Group, Sony Music Group and Warner Music Group and major independents including Merlin Music and also the major music publishers, allowing users to access millions of albums and over 29 million music tracks ad-free.

[pet lover] 05/6/2017 09:24

More great updates on my other thread worldwide Radioplayer.

[pet lover] 05/6/2017 09:18

As I keep reminding posters here 7 Dig has massive prospects here and through MQA.

[pet lover] 05/6/2017 09:17

7dig :: Worldwide Radioplayer

[pet lover] 05/6/2017 09:16

Is Voice-Control Part Of Radio's Future?
May 30, 2017
Have an opinion? Add your comment below.

In households across the world, a not-so-quiet revolution is going on. People are talking to their houses, and their houses are talking back. Well, not their houses exactly, but a little piece of plastic in their houses - an Amazon Echo or a Google Home.
In countries where these voice assistants are available, these are rather taking off. In the US, Jacobs Media's TechSurvey, which questioned radio listeners recruited from station websites, discovered that they're in 11% of respondents' households.
In the UK, take-up has been faster still. The Amazon Echo was launched in September 2016, and already, according to a radio-funded study, you'll find them in 9% of British homes.
This is all good news for radio: because the Amazon Echo and the Google Home devices are both bringing audio into peoples' living rooms again.
For most people, the Amazon Echo comes with free on-demand songs courtesy of Amazon Prime Music, and the device works well with Spotify, the market-leading music service, and with podcasts. However, the UK study reports that 72% of all audio entertainment time is spent with radio. Hurray for us!
This high radio time is probably aided by Radioplayer, UK radio's collaborative product, who have a "skill" - Amazon Echo's equivalent of an app - for radio listening. They have spent considerable time working with the device to ensure that it understands station nicknames and plays British radio stations, rather than random stations in Trinidad.
The UK study is worth reading in full.
Some devices play the latest NPR or BBC news bulletin, too, if you ask them nicely enough.
Things are heating up in this space - in the US, Jacobs Media and Amplifi Media recently launched a new joint venture, SONICAi, specifically to develop skills for voice assistants.
Meanwhile the Google Assistant - the brains behind Google Home - is now available on the iPhone as well as most Android phones. Microsoft is promising a Cortana speaker from a few different companies in September; Apple's Siri is doubtlessly going to get beefed-up to compete.
Where voice control really shines is in radio's heartland - the car. I use the Android Auto app in mine, and find it pretty good to be able to send text messages, and get navigation to a destination. However, to effectively use voice control, you need to... turn the radio off: otherwise, you don't hear the device telling you that it didn't understand what you just told it.
So voice assistants can mean many benefits for radio, as well as inevitable risks. While we might be used to occasionally shouting at the radio, we might be doing it much more in future.

[napoleon 14th] 05/6/2017 08:30

"7digital's Deputy CEO, Pete Downton, will be appearing at music industry conference Midem in Cannes this week (Tues 6(th) June)"


So maybe we'll get an update of sorts?

[tiger60] 05/6/2017 08:25

Well the latest news went down well

[michaelmouse] 05/6/2017 07:33

Also worth noting that Electric Jukebox appears to be doing well and Magic Media Works (Electric Jukebox) are planning an IPO and expanding into North America and Europe. 7Digital supply the streaming services for the product.



"Following the above capital raises, Magic's next generation product will now launch in Q3 2017, delivering a suite of new features which will significantly differentiate the company's proposition from existing music streaming offerings.
 
This new product will be made available through a range of retailers, etailers and TV shopping networks in a range of territories in both North America and Europe with launch dates and further details about the products exciting features to be announced in the near future."
 

[pet lover] 05/6/2017 07:19

Tiger60.

As I have said on previous occasions 7dig can not launch HI RES MQA streaming services if the record labels have not yet got the content on the MQA platform.

Now it's in B & W, all signed up,and ready to go in the second half.

Note MQA and 7Dig are working on up to 6 new streaming services.

[pet lover] 05/6/2017 07:15

About
HDtracks is the world's leading digital download store for high-resolution music. Hear your music how it was meant to sound.

Company Overview
Founded by multi Grammy-nominated jazz and classical composer and inventor of new sound technology David Chesky, and his brother, Norman Chesky, HDtracks.com ra... See Mo

[pet lover] 05/6/2017 07:12

"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."

7 dig is MQA"S only B2B partner.


This I believe is going to produce very large profits for all parties.

[tiger60] 05/6/2017 07:11

Announced last year.

[pet lover] 05/6/2017 07:08

The first of which is this morning.

[pet lover] 04/6/2017 08:52

I expect good news on various fronts.

[tiger60] 04/6/2017 07:41

You should of ordered the multi pack.....lets hope no placement at 5p my biggest worry.....

[pet lover] 03/6/2017 20:35

Tiger60:

I have ordered the worry beads on Amazon prime for you this evening,delivery in the morning.

Hope they get you through next week.