7digital, a digital music B2B company, has borrowed £500,000 from an unnamed lender. The loan is intended for working capital purposes, according to the company, which is recovering from a challenging 2018 and 2019. Continue Reading
One of the more recent streaming service lawsuits is expanding its reach. In November, Sosa Entertainment and Pro Music Rights filed a suit against Spotify. Pro Music Rights has filed additional lawsuits against ten more streaming services. Continue Reading
The latest financial update from 7digital finds the B2B music provider on track to meet its 2019 expectations and see a full recovery in 2020. Thanks to new and renewed contracts and stable revenue for its direct-to-consumer content, 7digital expects to see an operational profit in the first half of 2020. Continue Reading
7digital has been making leadership changes in an effort to improve its financial situation. After a shake-up in the board of directors, the B2B music company has announced that its CEO and CFO are stepping down after just a few months in those roles. Continue Reading
7digital, the B2B music provider, may be facing bankruptcy this summer. The company’s leadership did not pass a resolution this week during its general meeting, which means it needs to raise $5.5 million by July 31. Continue Reading
7digital has launched two new partnerships. First, it has made its first move into connected cars through a deal with ACCESS, a software provider for entertainment devices. The second partnership is with Dubset, the rights management tech company specializing in remixes and DJ sets. Continue Reading
Internal turnover continues at B2B music provider 7digital with the departure of Director and CEO Simon Cole. He will exit the company in April and the top executive role will be filled by John Aalbers. Continue Reading
B2B digital music company 7digital has appointed Julia Hubbard as its chief financial officer. She will assume the responsibilities from David Holmwood, who has been the business’ acting CFO since June 2018. Continue Reading
Pete Downton has exited his role as deputy CEO at B2B digital audio services platform 7digital. He joined the company as chief commercial officer in 2014, and has past experience at Warner Music Group. Continue Reading
B2B music company 7digital has reached a settlement with German music service Juke that will end their partnership. The companies started collaborating in 2017 when 7digital acquired 24-7, Juke’s parent company, from MediaMarktSaturn. 7digital assumed regular operations of Juke through that deal. Continue Reading
Rumblefish and 7digital have broadened their existing relationship. Rights administration service Rumblefish is a division of the Harry Fox Agency. Under the new deal with B2B music specialist 7digital, Rumblefish will leverage its rights management solution to speed the launch of services and streamline administration for music distribution models powered by 7digital. Continue Reading
Universal Music Group has entered a deal with B2B music provider 7digital to create custom online stores for the major label’s artists. Under this arrangement, listeners can pay for features such as artist-curated playlists, new singles, merchandise, and other products. Continue Reading