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July 31, 2015 1:30 PM ET

Media

Company Overview of 7Digital Group PLC

Company Overview

7digital Group plc provides digital music and radio services in the United Kingdom, rest of Europe, and internationally. The company operates through three divisions: Content, Licensing, and Production. Its music and radio services are used for consumer brands, mobile carriers, broadcasters, automotive systems, retailers, record labels, artists, and agencies. The company offers on demand subscription streaming services online, offline, and on mobile devices; Internet radio and DMCA-compliant services; and micro, niche, or genre-based subscription services. It also provides cloud-based music locker, which is used to download or stream music from any device; HD audio in various file formats th...

69 Wilson Street

London,  EC2A 2BB

United Kingdom

Founded in 2004

128 Employees

Phone:

44 20 7099 7777

Key Executives for 7Digital Group PLC

Chief Executive Officer and Director
Age: 57
Total Annual Compensation: $123.0K
Co-Founder, Chief Strategy Officer and Director
Age: 39
Total Annual Compensation: $90.0K
Chief Financial Officer, Group Secretary and Director
Age: 34
Total Annual Compensation: $61.0K
Compensation as of Fiscal Year 2014.

7Digital Group PLC Key Developments

7digital Announce Pan-African Licensing Agreement Through CAPASSO

7digital announced that it has secured a multi-territory licensing agreement via [South] African collection society and licensing agency CAPASSO, covering 40 countries in the region. The agreement encompasses licences for both downloads and streaming and extends 7digital's territory reach to 82 countries for a global catalogue of over 32 million tracks.

7Digital Group PLC Appoints Pete Downton as Executive Director

7Digital Group PLC announced the appointment of Pete Downton to the Board as an Executive Director with immediate effect. Pete will continue in his existing role of Chief Commercial Officer. Pete joined the company in June 2014, assuming overall responsibility for the commercial strategy. He brings more than 15 years of operational and strategic experience within the heart of the nascent digital music and consumer technology businesses. Before joining Imagination, Pete spent over a decade working for Warner Music Group, holding senior management positions in the company's International Marketing and Business Development teams.

7Digital Group PLC Provides Revenue Guidance for the Half Year Ended June 30, 2015

7Digital Group PLC provided revenue guidance for the half-year ended June 30, 2015. For the period, the company is expected that turnover as a whole will have risen 3% to around £5.2 million but that turnover from its technology licensing will have risen some 27% to around £3.1 million. This rebalancing of earnings is leading to an improvement in gross margin, which is expected to rise to over 60% compared with 49% in the same period a year ago. It has a healthy sales pipeline for 2015 and the Board remains confident of meeting expectations for the full year.

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