On the Move: Changing guard at Cumulus; promotions at 7digital, UMG; a sales hire at Spotify

On the Move tracks hires, promotions, and other notable personnel changes within the online audio industry. Today’s moves include a new CEO at Cumulus Media and a new COO for 7digital. We also cover a promotion within the digital ranks at Universal and a new hire for Spotify’s Australia/New Zealand team. Continue Reading

7digital announces increased H1 revenue and Google Cast integration

7digital reported its financial results for the first half of 2015, which it dubbed one of the first reflections “on which the success of the new company created from the merger of UBC Media and 7digital can be observed.” CEO Simon Cole also reflected on the state of the digital music industry. Lastly, 7digital has added support for Google Cast. Continue Reading

7digital reports positive H1 figures with streaming shift

7digital announced its half-year business developments. The company’s overall revenue rose 3% to about £5.2 million for the period. In the earnings discussion, the 7digital’s leaders talked about their efforts to shift core business away from music download platforms in favor of streaming services and how that success was reflected in its positive financial performance. Continue Reading

7digital announces new contracts and revenue

7digital announced that over the past month it has entered into new or expanded contracts valued at £1.8 million. The company sent out a press release noting that it has seen an uptick in interest as broadcast organizations look into finding new options in the streaming audio space. “It’s particularly pleasing to see one of the key areas which we identified for growth – the radio industry – starting to deliver significant business,” CEO Simon Cole said. Continue Reading