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February 07, 2016 6:53 AM 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 and Non-Executive 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 Group plc Reports Revenue Results for the Year Ended December 31, 2015

7Digital Group PLC reported revenue results for the year ended December 31, 2015. For the period, the company’s annualized monthly recurring revenues up by 72% to approximately £5.8 million against of £3.4 million in 2014. Licensing revenues up by 21% to approximately £6.5 million against of £5.4 million in 2014.

7Digital Wins eMusic contract

7digital announced a deal with eMusic. The deal will see 7digital power the eMusic service re-launch and will allow eMusic's new owners to build new features into the service through use of 7digital's technology and content management system. Through the deal, eMusic will access their licensed content from 7digital's global catalogue of over 40 million tracks. eMusic will also rely on 7digital for rights holder reporting and benefit from other enhancements to the service offering. The eMusic service will use 7digital's platform to power and improve its user experience and content offering. Improvements include newly enhanced metadata for classical music that promises to provide better search and discovery of classical tracks and albums, as well as the addition of an extensive library of hi-resolution lossless audio in both 16-bit (CD quality) and 24-bit (premium quality) FLAC.

7Digital Group PLC Appoints Paul Mcgowan as Non-Executive Director of the Company

7Digital Group PLC announced the appointment of Paul McGowan as a non-executive director of the company. Mr. McGowan founded retail restructuring group Hilco UK in 2000 in a joint venture with Hilco, where he currently serves as Chief Executive to the company. Paul is also currently the Chairman of HMV, the entertainment retailer, as well as Denby Pottery Group in the UK and the KRAUS Flooring group in Canada.

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