7digital Group PLC Re Universal Music Group and Triller News (1558O)

TIDM7DIG

RNS Number : 1558O

7digital Group PLC

05 February 2021

5 February 2021

7digital Group plc

("7digital" or "the Company")

Re Universal Music Group and Triller News

7digital (AIM: 7DIG), the global leader in B2B end-to-end digital music solutions, notes the announcement issued by Universal Music Group ("UMG") today with regards to Triller. The Company confirms that this announcement by UMG has no financial impact on its business nor does it have any impact on its own relationships with either party. Triller remains a customer of 7digital having signed an 18 month contract in August 2020. 7digital will continue to provide Triller with services from the Company's platform under the existing terms with no impact on its revenue.

7digital will keep the market updated on any further developments in this matter as appropriate.

Enquiries

   7digital                                                                    c/o 020 7618 9100 

Michael Juskiewicz

Lara Peterson

   Arden Partners  (Nominated Adviser and Broker)              020 7614 5900 

Richard Johnson, Benjamin Cryer

   Luther Pendragon  (Financial PR)                                               020 7618 9100 

Harry Chathli, Joe Quinlan

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. These include consumer and social media brands, online fitness technologies, 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 Triller, Soundtrack Your Brand, Global Eagle, GrandPad and Fender, 7digital is perfectly positioned to lead innovation at the intersection of digital music and next-generation radio services.

   About Triller   ( www.triller.co) 

Triller is an AI-powered music video app that allows users to create professional-looking videos in a matter of seconds. Pick a song, select the portion of the song you want to use, snap a few takes and with the tap of a button you have a celebrity-quality music video starring you and your friends. Triller relies solely on organic growth and has more than 250 million downloads, with celebrities like Alicia Keys, Cardi B, Marshmello, Roddy Ricch and Eminem regularly using the app to create their own music videos. Triller recently was acquired by Proxima Media. For more information, visit www.triller.co and follow @trillervids on Instagram.

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(END) Dow Jones Newswires

February 05, 2021 04:39 ET (09:39 GMT)