March 25, 2017 1:07 AM ET

Media

Company Overview of 7Digital Group PLC

Company Overview

7digital Group plc operates as a B2B digital music and radio services company in the United Kingdom, rest of Europe, and internationally. The company operates through three divisions: Content, Licensing, and Creative. Its Content division is involved in the sales of digital music. The company’s Creative division creates audio and video programming for broadcasters; receives commissions from BBC's national radio network and commercial radio stations, as well as other broadcasters, such as Sky Television; and distributes entertainment news content to approximately 150 commercial radio stations. Its licensing business engages in the creation of software solutions for managing and delivering dig...

69 Wilson Street

London,  EC2A 2BB

United Kingdom

Founded in 2004

Phone:

44 20 7099 7777

Key Executives for 7Digital Group PLC

Chief Executive Officer and Director
Age: 58
Total Annual Compensation: 161.0K GBP
Deputy Chief Executive Officer
Age: 45
Total Annual Compensation: 70.0K GBP
Compensation as of Fiscal Year 2015.

7Digital Group PLC Key Developments

7Digital Group PLC Announces Consolidated Earnings Results Year Ended December 31, 2016

7Digital Group PLC announced consolidated earnings results year ended December 31, 2016. For the year, the company reported revenue of £11,899,000, operating loss of £5,144,000, loss before tax of £5,157,000, loss from operations attributable to owners of the parent company of £5,169,000 or 4.53 pence per basic and diluted share, net cash used in operating activities of £479,000, purchase of property, plant, equipment and bespoke software of £447,000 compared to the revenue of £10,392,000, operating loss of £3,127,000, loss before tax of £7,883,000, loss from operations attributable to owners of the parent company of £7,886,000 or 7.31 pence per basic and diluted share, net cash used in operating activities of £4,682,000, purchase of property, plant, equipment and bespoke software of £848,000 for the same period a year ago. Adjusted LBITDA was £3,549,000 compared to £2,101,000 a year ago. Adjusted operating loss was £4,684,000 compared to £2,862,000 a year ago.

7Digital Group Negotiating Potential Acquisition Of 24-7 Entertainment AG

Board of 7Digital Group PLC (AIM:7DIG) announced it is currently negotiating potential acquisition of only remaining significant European competitor, 24-7 Entertainment AG.

7digital Signs Deal with DTS

7digital announced that it has signed a deal with DTS. The company has been contracted to partner with DTS on the development of new high-resolution audio solution prototypes for the automotive market. DTS currently provides dashboard-mounted audio for several brands and its portfolio of technology is currently integrated in more than two billion devices globally. This deal is a significant move for 7digital into the in-car vertical, and connects the company with third party automotive manufacturers for whom the prototypes are being developed. The deal will contribute to 7digital's revenues for 2017.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 10, 2017
24-7 Entertainment AG
 

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