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October 13, 2015 9:19 AM ET


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


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 Announces Integration of Google CastTM ; Signs Contract with OurSound

7digital announced that it has launched an integration of Google CastTM on its platform and is the first provider to offer hi-res audio playback of FLAC format files in Google Cast. With support for Google Cast, which was launched earlier this year and has already been adopted by most hardware manufacturers, consumers are able to send music to any Google Cast-enabled speaker, or to any Chromecast-connected TV or streaming device. The technology will be available to 7digital's B2B customers who wish to add this as an additional feature on their web service or apps. The company is announcing this integration alongside a major upgrade to 7digital's own Music Store and Android app which, as well as adding support for Google Cast, launches a new catalogue of hi-res music and support for Android Auto, with a fresh look and much improved experience. There have now been over 22 million installs of 7digital music apps. 7digital is the first provider to offer hi-res playback of FLAC format files with Google Cast both to customers licensing its platform and direct consumers. This allows consumers to access a catalogue of almost 40 million tracks, with millions of 16-bit FLACs (44.1kHz, CD-quality) and hundreds of thousands of 24-bit FLACs (up to 192kHz, studio quality). 7digital have also signed a contract with OurSound to power their interactive music service for public spaces. The OurSound application lets users access playlists linked to location and choose the music they want to hear. This adds to the Company's South American business, which also includes the contract now signed with Mariposa Holdings Group Inc. who are launching new music services in the region with Algar Telecom.

7Digital Group PLC Announces Unaudited Consolidated Earnings Results for Six Months Ended June 30, 2015

7Digital Group PLC announced unaudited consolidated earnings results for six months ended June 30, 2015. For the period, the company reported revenue of £5,153,000, operating loss of £1,841,000, loss before tax of £6,587,000, loss from operations attributable to owners of the parent company of £6,597,000 or 6.13 pence per basic and diluted share, net cash used in operating activities of £2,308,000, purchase of property, plant and equipment of £310,000 compared to the revenue of £5,057,000, operating loss of £2,732,000, loss before tax of £2,765,000, loss from operations attributable to owners of the parent company of £2,772,000 or 3.75 pence per basic and diluted share, net cash used in operating activities of £2,712,000, purchase of property, plant and equipment of £120,000 for the same period a year ago.

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.

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