7digital Group PLC Contract renewal with Universal Music Group

TIDM7DIG

7digital Group PLC

17 June 2020

RNS Reach

17 June 2020

7digital Group plc

("7digital" or "the Company")

7digital secures multi-service contract renewal with Universal Music Group

7digital to support UMG in France with curated music solutions for La Poste Mobile and Digster

7digital (AIM: 7DIG), the global leader in B2B end-to-end digital music solutions, is pleased to announce that it has signed a contract renewal with Universal Music France ("UMF"), the French division of Universal Music Group ("UMG"), to support its streaming service through French MVNO La Poste Mobile, and fan-facing music playlist service Digster.

UMF has an established partnership with La Poste Mobile, one of France's most popular mobile virtual network operators ("MNVO"), to offer a music service to its mobile subscribers. The La Poste Mobile streaming service features music sourced from UMG's extensive catalogue of music genres and artists, and utilises 7digital's technology to access the catalogue as well as provide back-end user reporting. With millions of mobile subscribers in France, La Poste Mobile bundles the service to enhance its subscription packages and engage members who can stream their favourite music and discover new content provided exclusively by UMG.

7digital's music-platform-as-a-service will also continue to support Digster, a subsidiary of UMF, to offer curated playlist services bundled with Telco offerings in Europe and the emerging markets of Africa and the Middle East, including the Ivory Coast and Cameroon. In addition to catalogue and back-end support, 7digital will also enable Digster to service a niche catalogue of tracks that can cater to different markets and regional tastes.

UMF has been a partner of 7digital in these commercial efforts since 2018 and this contract renewal extends and strengthens that relationship for an initial minimum term of 12 months. The Company will receive set-up and monthly fees for both services, which are already live, as well as a usage-based content fee.

UMF joins a growing list of companies and innovators leveraging 7digital's music catalogue and technology to address the needs of different segments and audiences around the world, including jazzed, the world's first dedicated streaming service for jazz.

Paul Langworthy, CEO of 7digital, said: "This contract renewal demonstrates 7digital's utility in supporting the expansion of the global audio streaming market. With the growth of streaming services clustered around the $9.99 price point reaching a saturation point, there is a growing opportunity in the market for niche offerings that differentiate themselves by characteristics such as access, format, curation, geography, or genre. In addition, as global smartphone usage continues to rise, particularly in emerging markets, we are thrilled to support the development of services that allow more music to be consumed around the world."

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 
 
 

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 Global Radio and Fender, 7digital is perfectly positioned to lead innovation at the intersection of digital music and next-generation radio services.

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June 17, 2020 02:00 ET (06:00 GMT)