7digital Share Discussion Threads

[david gruen] 19/10/2022 11:30

Here comes the third wave.

5p anyone?

[david gruen] 19/10/2022 11:24

19 October 2022

19 October 2022

7digital Group plc

("7digital" or "the Company")

7digital wins new contract with Pinterest

7digital, Warner Music Group and Merlin will expand music experience on Pinterest platform

7digital (AIM: 7DIG), the global leader in B2B end-to-end digital music solutions, is pleased to announce it has won a new contract from visual inspiration platform, Pinterest (NYSE: PINS). With over 400 million monthly active users, Pinterest is a visual discovery engine that people around the world use to find inspiration. 7digital's three-year contract with Pinterest is designed to support growth in content and territories as the platform expands into new markets as needed.

The contract will enable Pinterest's music library to include licensed commercial tracks, delivered by 7digital's music-as-a-service platform, to sit alongside their royalty free music. In addition, Pinterest has announced new partnerships with major music labels Warner Music Group ( Nasdaq: WMG ), Warner Chappell Music, Merlin, and BMG, to bring today's top artists and music delivered through 7digital and onto their platform. Through these new licensing deals, users will now be able to add tracks from Ed Sheeran, Silk Sonic, Anitta and many more to their Idea Pins. Working with 7digital enables the Pinterest community to access our comprehensive music catalogue.

Paul Langworthy, CEO of 7digital, said: "We're excited to integrate with Pinterest to provide their community with an innovative and powerful way to share music and creativity that will generate immersive new experiences for the Pinterest community. This contract reflects the strength of 7digital's end-to-end offering, our global catalogue, and our ability to meet and serve the growth in music consumption on platforms at scale. We look forward to supporting the launch of enhanced music features on the Pinterest app and working with them to power new momentum in the creator experience."

Malik Ducard, Chief Content Officer of Pinterest, added: "Music plays a vital role in elevating storytelling and empowering storytellers, creators and Pinners who inspire the world every day on Pinterest. We are thrilled to partner with companies such as 7digital to facilitate the delivery of the latest music tracks to our platform and elevate the content and inspiration created on Pinterest."

[firestorm911] 19/10/2022 11:19

Big boom 0.50p?

Who knows.

Regards,
F911

[firestorm911] 19/10/2022 11:18

Nice

Took some, 2 lots of 1m sub 0.24p. Vertical take off.

Regards
F911

[filster] 28/9/2022 16:25

Some sizeable late buys going through.... 4M in the past couple of minutes

[zxie] 28/9/2022 09:32

INSP shares . Volvo test results

[david gruen] 28/9/2022 08:32

Lovely. If Chesney arrives to deramp we know this is going to multi-bag.

[parsons4] 23/9/2022 08:16

Well in for a penny !!!!! just topped up !! A major shareholder lending money at 5% pa unsecured is a big plus as far as I am concerned.

[knigel] 23/9/2022 07:10

£500k loan - I guess it’s better than 500 million shares placed at 0.1p !!

[asher] 05/9/2022 23:12

When are the interems announced

[david gruen] 05/9/2022 09:54

At least you're honest about something Chesney.

[chesty1] 05/9/2022 09:40

I am so lucky.....Unlike that Gruen who has to pull himself off with a pair of tweezers!

[david gruen] 05/9/2022 09:12

What's the first thing you think of when you see your lass?

[3put] 25/7/2022 14:04

nice rise today

[gulampatmyg] 25/7/2022 13:01

Strong Buy four fold in no time.

[parsons4] 25/7/2022 10:25

Sounds like a quite important tie-up !!

[chinese investor] 25/7/2022 09:03

Great RNS !

[david gruen] 25/7/2022 08:57

We know it's coming......

Can 10 bag (70M Cap) in a heartbeat.

7digital enters contract with global music fintech company Utopia Music

7digital (AIM: 7DIG), the global leader in B2B end-to-end digital music solutions, is pleased to announce it has signed a long-term contract with Utopia Music AG, a B2B music fintech company. Utopia is a new customer for the Company and marks the growing demand for music data and intelligence services, where 7digital's music-as-a-service platform provides access to global audio and track metadata for various use cases such as identifying music or artist, monitoring broadcasts, and monitoring copyrighted material.

Utopia Music exists to build technology and data accounting to improve the way the music industry pays royalties to the creators for the music copyrights consumption. Based on a database of more than 213 billion global data points, the Utopia platform leverages modern technologies to provide services to help the entire music value chain, including artists, labels, publishers, and performance rights organisations ("PROs") optimise their data and streamline administration.

Using 7digital's global music database capabilities, in addition to Utopia's existing data capabilities, Utopia's customers will be able to monitor and measure the consumption of their music copyrights globally. In so doing, Utopia's customers can leverage data for faster, more accurate payouts of royalties to copyright holders.

Paul Langworthy, Chief Executive Officer of 7digital, said: " It is always exciting to secure a new customer that reflects the competitive strength of our offer. Combining Utopia's next-gen tracking and payouts technology with 7digital's leading catalogue and metadata will enable music recognition for up to 100 million songs worldwide and support the whole industry to make more money faster, with fewer costs. We are also pleased to have secured another contract that enables growth and scales as our customer's business needs do. This contract, in addition to those signed so far this year, means the Company has already secured a 36% increase in platform licensing for 2022 vs 2021 . We very much look forward to working with Utopia to support the growth of this music industry-focused service."

Paul Gathercole, Chief Data Officer, Utopia Music , said: "Utopia is on a mission to deliver 'Fair Pay for Every Play' to the music industry. We're going to achieve this by providing the systems and payments infrastructure to enable better tracking of music consumption and faster distribution of royalties to creators and rights holders, with less cost and errors. To make every play count we need to know what's played when and where, and who owns the rights to any given track - with 7digital capabilities, in addition to our existing data capabilities, this takes us one step closer to unlocking more value in music, for the benefit of all players."

[theaccountant2] 11/7/2022 07:59

Another contract, sales up 121 percent and didn't borrow money from CLNS!

[terminator101] 30/6/2022 16:39

Wooosh huh. Seems there is no end to the dogs that the boiler room crew are ramping.

[chesty1] 30/6/2022 09:01

It'S A DOG!

[iamthemagnificent] 30/6/2022 07:44

Not surprised - absolutely dire results - huge AVOID as mentioned before !


iamthemagnificent12 Jan '22 - 09:25 - 672 of 750 Edit

Well I dumped at a loss at the interims after having invested based on the chairmans interviews stating it would make an 'operational profit' but instead delivered a whopping EBITDA loss of GBP1.0m and Operating loss of GBP1.9m

At that point I decided I would NEVER invest in 7DIG again.