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7digital taking a write-off of Guvera debts

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

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7digital to power eMusic

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