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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 Shares Traded Last Trade
  0.00 0.00% 0.69 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.69 GBX

7digital (7DIG) Latest News

7digital (7DIG) Discussions and Chat

7digital Forums and Chat

Date Time Title Posts
13/2/202308:277 Digital - MODERATED872
19/10/202212:57BRITISH MUSIC & NEWS PLATFORM GOING CHEAP ?5,694
19/10/202212:46Music in the digital age122
04/2/202008:05-----------TONY BLACKBURN------------473
27/1/202017:03THE 7DIGITAL MQA THREAD 💿 LET THE MUSIC BEGIN 💿405

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7digital (7DIG) Most Recent Trades

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7digital (7DIG) Top Chat Posts

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Posted at 07/12/2022 07:21 by parsons4
The guy owns 27% of the company. I think putting in £500k unsecured at a 5% coupon is testament to his faith in the company. And he knows much more than we do. The main negative here IMHO is that the market cap is still £10m. But I am much happier with 7DIG than I am with MOS!!!!
Posted at 19/10/2022 14:26 by chesty1
DOWN IT COMES!

Classic 7DIG cannot hold onto any gains EVER! which why the share price is on it's are & printing confetti for fun.
Posted at 19/10/2022 11:57 by chesty1
Never shorted a share in my life matey & doubt you even can with 7dig
Posted at 19/10/2022 11:48 by chesty1
Very well done Fire great trade, cannot see the ride continuing chart says it always falls back....Is this the turning point for 7dig I doubt it but well done to traders.
Posted at 19/10/2022 10:24 by david gruen
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."
Posted at 25/7/2022 07:57 by david gruen
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."
Posted at 14/6/2022 07:09 by tomzimerman
Also this below, but wonder why there's no rns update on these, maybe it's not market worthy but share price at all time lows you'd think the company would want to support their investors Copied from LinkedIn below "Very proud to announce the renewal of our contract with XITE, a leader in SmartTV entertainment and partner to Ziggo, the largest cable operator in the Netherlands. Amsterdam-based XITE reaches 100 million households worldwide and uses 7digital's catalogue and platform to power its non-stop audio product XITE Music. Our team is proud to continue to serve XITE and all our customers in providing more music to more people around the world. Read more here:https://lnkd.in/gadFyTDR
Posted at 18/10/2021 11:57 by mdchand
Arden commentary released today

Recent 7DIG share price weakness: Since the company’s interims on 30 Sept, the price has halved. The market has clearly been disappointed by the ‘right shifting’ of revenue expectations and a possible impact on liquidity. In our view, this RNS should greatly reassure investors on liquidity, revenue phasing and shareholders commitment.

Revised forecasts: In light of the above, we have reworked our 7DIG forecasts. In short, we assume the company is loss making this year, and turns an EBITDA profit in FY22. In context, H1 revenue, £3.3m/EBITDA, -£1.0m. No change to our valuation of 3p per share.

More commentary is on Arden's website :-)
Posted at 06/8/2021 09:10 by 97peter
The questions and replies from 7DIG, investor relations:

On 5 Aug 2021, at 12:01, 7digital Investor Relations <7digitalIR@luther.co.uk> wrote:

?Dear Peter,

Thank you for your questions and your support as a 7digital shareholder. Please find the responses below to your questions.

Let me know if there is anything else I can help with.

Kind regards,
Joe

1. What is 7Dig 1/3/5 year strategy as I cannot find it anywhere on your website or Annual statements.

The Company has not published a 1/3/5 year breakdown, however 7digital’s strategy is to grow revenues, profitability and shareholder returns through:
• offering flexible, productised, end-to-end music solutions;
• increasing the number of clients it serves in strategic, well-funded market verticals, particularly the growth markets of home fitness, social media and artist monetisation;
• improving the financial quality of our business by driving recurring SaaS and PaaS revenues;
• expanding and leveraging its geographic coverage;
• continued investment in market-leading technology to meet shifting technology trends, user consumption and client needs;
• applying strict control of its cost base to ensure that revenue growth is quickly reflected in improved overall Group profitability; and
• establishing and maintaining a partner channel programme for scaling sales into the identified target market verticals.

2. Will there be some real financial statements of revenue and profit in September 2021?

Yes, the Company will be releasing its interim results for the six months ended 30 June 2021 in September 2021.

3. Why has 7Dig not been approached or takeover by the likes of Hipgnosis, Spotify or Triller? They could takeover for 3 times asset value?

It is Company policy not to comment or speculate on such matters.

4. Is cash flow an issue and if so will there be another round of consolidation and revenue grab?

Under the current management team, 7digital has focused on streamlining its operations to position it for sustainable growth and becoming cash flow positive. This has involved moving away from bespoke modular solutions to a highly productised, cloud-based technology offering. The Company has also brought down overheads, successfully reducing administration expenses by 43% last year. As a result of its focus on profitability, 7digital is on track to deliver a full year of positive EBITDA in 2021 for the first time in its history.

The Company ended 2020 with a strong cash position of £2.8m. It also has two highly supportive major shareholders which have confirmed their financial support to allow 7digital to manage its working capital and to support growth needs.

This was in response to my questions a week ago. Very positive and clarity!

Peter
Posted at 31/7/2020 20:54 by benny shares
I have a question... does anyone know how many shares were in issue for June 2014, its been six years since the company has been profitable, and another important question if I may... how long has Amazon Prime been a business consumer with 7digital?.6th June 2014 7dig share price was 32.5 pence but without knowing how many shares were in issue I can't figure out its market capital.Have a lovely weekend and I will see you Monday
7digital share price data is direct from the London Stock Exchange

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