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REG - 7digital Group PLC - 7digital wins new £1m contract

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RNS Number : 1284J  7digital Group PLC  25 April 2022

25 April 2022

7digital Group plc

("7digital" or "the Company")

 

7digital wins new £1 million contract with multinational corporation

 

7digital (AIM: 7DIG), the global leader in B2B end-to-end digital music
solutions, is pleased to announce that it has signed a new two-year contract
worth at least £1 million with a pan-Asian consumer services company.

 

The new customer will be using several unique services provided by 7digital's
music-as-a-service platform to deliver an app-based music streaming service to
enhance its engagement with its customers. The Company will provide access to
its global catalogue, full license compliance management and curation via the
7digital Playlisting Tool.

 

Paul Langworthy, CEO of 7digital, said: "This is a major, multi-year contract
for 7digital that further enhances our visibility over our forecast revenues
for the next two years. It is an important endorsement of our offering having
been awarded by a multinational corporation and after a competitive tender.
This win also reflects how brands are increasingly utilising digital music
solutions to engage with their customers. We're pleased to see our pipeline
continue to translate to signed contracts and we look forward to updating the
market on further progress."

 

 

Enquiries

 

 7digital                                       c/o +44 20 7618 9100

 Paul Langworthy

 Arden Partners (Nominated Adviser and Broker)  +44 20 7614 5900

 Richard Johnson

 Luther Pendragon (Financial PR)                +44 20 7618 9100

 Harry Chathli, Claire Norbury                  7digitalIR@luther.co.uk (mailto:7digitalIR@luther.co.uk)

 

 

About 7digital

 

7digital (http://www.7digital.com/) is the global leader in B2B end-to-end
digital music solutions, providing a scalable cloud-based platform that
enables companies and brands to connect to its global music catalogue and
rights management system to launch and manage unique and engaging music
experiences. Operating worldwide in over 80 markets and integrated with more
than 300,000 labels and publishers, 7digital's platform automates the complex
and time-consuming processes of music management, making it easier to access
and use music in streaming services, social media, home fitness, gaming,
retail and more. With best-in-class infrastructure, deep industry expertise
and intelligence tools, 7digital empowers their clients to innovate, grow and
serve tomorrow's music consumer. For more information, visit
http://www.7digital.com/ (http://www.7digital.com/) .

 

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("MAR"). Upon the publication of this announcement via a Regulatory
Information Service, this inside information will be considered to be in the
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