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7DIG 7digital Group Plc

0.69
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
7digital Group Plc LSE:7DIG London Ordinary Share GB00BMH46555 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.69 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

7digital Share Discussion Threads

Showing 6801 to 6819 of 7600 messages
Chat Pages: Latest  280  279  278  277  276  275  274  273  272  271  270  269  Older
DateSubjectAuthorDiscuss
09/9/2020
11:27
Language please
prince7652
09/9/2020
08:12
In at 1.90
prince7652
09/9/2020
07:53
There we go
prince7652
08/9/2020
11:36
GOOD NEWS OUT JUST NOW''


Tue, 8th Sep 2020 07:00

RNS Number : 2828Y
7digital Group PLC
08 September 2020

RNS Reach



8 September 2020



7digital Group plc

("7digital" or "the Company")



7digital wins new contract with Apex Rides



7digital enters home fitness space with out-of-the-box solution to support music-based virtual fitness service



7digital (AIM: 7DIG), the global leader in B2B end-to-end digital music solutions, is pleased to announce that it has signed an initial 12-month contract with Apex Rides Limited ("Apex"), a cutting-edge high performance smart bike and in-home fitness platform, to service music for its virtual exercise classes.



In exclusive partnership with London-based boutique fitness pioneer Boom Cycle, new-to-market Apex provides a full home exercise connected bike and subscription service with live and on-demand interactive classes. With hardware pricing at a fraction of the leading market competitors and premium class content planned to attract and retain customers, Apex's solution is designed as an accessible alternative for the mainstream market.



Apex is using 7digital's in-house licensing services to negotiate and finalise rights to millions of premium tracks. Through 7digital's catalogue and playlisting tool, instructors will have access to fully cleared and compliant music for programming their classes, making it easy to create custom playlists curated by genre, tempo or music theme in line with the emotional connection and spirit of each class. In addition to playlisting and catalogue curation, 7digital will also provide the backend label and publishing reporting.



Paul Langworthy, CEO of 7digital, said: "We are delighted to be partnering with Apex Rides, which has music at the core of its virtual cycling experience, to help drive further growth into the exciting home fitness space. A core pillar of our business strategy centres on the flexibility of our technology, products and services to not only serve established markets but also new and emerging verticals that will create diversified music streaming business models. As this sector heats up, we are proud to provide the end-to-end services that can support innovators such as Apex Rides to forge new frontiers in the fitness market with new formats for music licensing use cases."



Commenting on the agreement, Simon Cook, co-founder of Apex, said: "We recognised from the start that music is an essential and powerful ingredient in the context of fitness and wellness, and we needed to make sure our instructors had the tools to give members the best overall user experience. Boom Cycle's innovative instructors know how to use music to create specific moods, and bring energy and community to the experience, while 7digital's technology makes it easy maximise the full potential of our licensing agreements."



Charlie Lucas, co-founder of Apex continued: "Collaborating with 7digital's experienced licensing team, in-tune and in-step with the music rights holders, will deliver us a world-class collection of licensed music at launch, while ensuring that concise and accurate royalty reporting is fully covered. In addition, their proprietary digital playlist tool makes it simple for our partner fitness leaders to use music to create unique narratives and experiences that will keep people challenged, motivated and engaged with our programme."





Enquiries



7digital

020 7099 7777

Paul Langworthy, CEO




Arden Partners (Nominated Adviser and Broker)

020 7614 5900

Richard Johnson, Benjamin Cryer




Luther Pendragon (Financial PR)

020 7618 9100

Harry Chathli, Joe Quinlan, Elliot Fradd

livup967
08/9/2020
10:02
Sub 2 nearly here
prince7652
08/9/2020
10:00
Nearly there
prince7652
03/9/2020
20:29
The technology stocks have fallen sharply today throughout the world's indexes, they were favourites for some time, l believed they will bounce back to record highs. We are in a situation where the world's governments can only recommend... stay at home
benny shares
03/9/2020
19:23
Good points and very well made imco.

Meanwhile does any avatar how much was made by forward selling the placing stock?

tia

monte1
03/9/2020
14:15
Be one late reported buys at 3pm after the bell.....drop the sp, let the boys in cheap so they can off load later.
telbap
03/9/2020
14:04
#5599

Mental institutions?

tia

monte1
03/9/2020
14:00
Agreed MichaelMouse, the BOD deserve credit for the successful placing, raising a good amount of funds for developing the business while avoiding large dilution. I had thought that they might have waited until the 2019 F/Y & 2020 H/Y results were announced. I likewise think a consolidation will be on the cards at some stage in not too distant future, possibly when profitability confirmed. Guidance re achieving H2 profitability was outlined in the Circular, and given that we're now into September this should now be a definite. Share price has held up pretty well so all eyes on forthcoming deals, Results announcements and future.... GLA
lagansider
03/9/2020
13:34
Don't overlook what was written in the RNS"substantial number of new institutions"... interesting
benny shares
03/9/2020
12:57
Thanks Benny - good to hear you've got your original cash back - now in for the free (exciting!) ride...
ochs
03/9/2020
12:48
Hats off to the new management team in getting this away so successfully. Last placing was at 0.2p. This placing isn't much of a dilution and 10 times higher than the last. They just need to execute in H2 now. My guess is they'll also do a share consolidation soon (100/1 would be sensible).
michaelmouse
03/9/2020
11:22
I did the right thing and removed my whole original investment so it means I'm on a free ride. FYI I've put it in Baron Oil, both companies are expecting ground breaking news by the end of month
benny shares
03/9/2020
10:31
BOD not BID!! Sorry typo...
bobby1904
03/9/2020
10:31
Not so sure. Only 20% free float here. BID & investor partners hold 80% of the stock. If share price falls, it will only be on smallish volume & any decent buying will push it back up quickly...
bobby1904
03/9/2020
09:48
Next few days will see it drop back as always
newtoaim
03/9/2020
08:43
Did you take any profits over 3p Benny?
ochs
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