B2B digital audio services provider 7digital has acquired competitor 24-7, according to an exclusive report from MIDiA Research. The music services provider has assumed full ownership of the long-time rival business from MediaMarktSaturn, a German retail company. Continue Reading
7digital shared its year-end update reviewing some highlights of the full year and final quarter of 2016. CEO Simon Cole projected a strong 2017 for the B2B music company’s balance sheets. Continue Reading
7digital announced that it is writing off the remaining debt it is owed by troubled streaming service Guvera. “After careful consideration and extensive negotiation with Guvera, we believe that receipt of further payments is now in doubt and have therefore made a provision against the full outstanding balance of £733,000,” the B2B digital music provider said. Continue Reading
B2B digital music provider 7digital has entered a deal with Playster, an all-in-one entertainment streaming service, to deliver its new music catalog. The announcement of the tie-up comes ahead of Playster’s unveiling of an overhauled streaming music product. Continue Reading
Pono Music has suspended operations of its online store due to content provider changes. The specialty hi-res music platform had been using Omnifone as its exclusive content provider, but is in the process of transitioning that work over to new partner 7digital. Continue Reading
7digital announced that Philippe Decottignies will assume the post of CTO. He held the same role at Snowite, which 7digital just acquired at the start of the year. Prior to joining Snowite, Decottignies also worked at Hewlett Packard, Access360, and Zala Telecoms. Continue Reading
7digital has expanded its client roster once again. “We’re delighted to be working with both clients on innovative products that take full advantage of the ways in which people around the world now consume, discover and share content online and on the move,” 7digital CEO Simon Cole said. Continue Reading
On the Move tracks hires, promotions, and other notable personnel changes within the online audio industry. Today’s moves include a new member of the C-suite for 7digital and a promotion for Universal Music Group. Continue Reading
7digital released its financial results for all of 2015, following up on the preliminary figures shared in January. Total revenue for the year was £10.37 million, up from £10.21 million in the previous year. In addition to the financial reports, 7digital also announced the new clients it signed during the first quarter of 2016. Continue Reading
7digital announced that one of its production companies, Unique, will be producing a Monday night jazz show for BBC Radio 3. The new shows will start in April. The production deal is a continuation of 7digital’s relationship with the BBC’s jazz features. Continue Reading
7digital has released a preliminary look at its financial results from 2015 in advance of the complete report, which is due out at the end of March. The company said the results for the year ended in line with expectations, with overall revenue expected to be in line with 2014’s total. Continue Reading
7digital is partnering with eMusic to power the digital music platform following its re-launch. Under this arrangement, eMusic will access its licensed content for customers through the 7digital catalog. 7digital will also assume responsibility for rights holder reporting and will provide other enhancements to eMusic’s service in user experience and content. Continue Reading