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July 05, 2015 1:32 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
Age: 57
Total Annual Compensation: $123.0K
Co-Founder and Chief Strategy Officer
Age: 39
Total Annual Compensation: $90.0K
Chief Financial Officer and Group Secretary
Age: 34
Total Annual Compensation: $61.0K
Compensation as of Fiscal Year 2014.

7Digital Group PLC Key Developments

7digital Group PLC Announces the Appointment of Mark Foster as a Non-Executive Director

7Digital Group PLC announced the appointment of Mark Foster as a non-executive director with immediate effect. Mark is currently Chief Executive Officer of Arts Alliance Ltd. Prior to joining Arts Alliance he was Managing Director of Deezer UK & Ireland. There he was responsible for leading the UK and Ireland launches of one of the world's premier music-on-demand streaming services, including product internationalization and implementing both B2B and B2C strategies. Between 2002 and 2005, as well as 2010 and 2011, Mark was Director and Partner respectively of fostercraig Ltd, establishing a successful digital strategy and marketing consultancy for a number of organizations both inside and outside the music industry, including the IFPI, PPL and various small labels and retailers. From 2005 to 2010, Mark was Managing Director of Lifestyle Mobility UK Ltd. where he held an entrepreneurial retail and consultancy role in the healthcare sector, providing mobility products, adaptations and accessibility solutions for disabled and elderly people, operating a number of retail outlets, supplying the British Red Cross and several local authorities.

7Digital Group PLC Appoints Anne De Kerckhove as Non-Executive Director

7Digital Group PLC announced the appointment of Anne De Kerckhove as a non-executive director with immediate effect. Anne, is currently Managing Director, EMEA, of Videology Ltd.

7Digital Group PLC Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2014

7Digital Group PLC announced audited consolidated earnings results for the year ended December 31, 2014. For the year, the company's revenue was £10.2 million compared with £11.6 million a year ago. Adjusted operating loss was £3.8 million compared with £4.5 million a year ago. Operating loss was £4.5 million compared with £4.5 million a year ago. Loss before tax was £2.6 million compared with £4.5 million a year ago. Loss from operations attributable to owners of the parent company was £2.6 million or 3.01 pence per basic and diluted share compared with £4.5 million or 7.40 pence per basic and diluted share a year ago. Net cash used in operating activities was £6.3 million compared with £4.2 million a year ago. Purchase of property, plant and equipment was £0.35 million compared with £0.86 million a year ago. Basic and diluted loss per share from continuing operations was 3.01 pence compared with 7.40 pence a year ago. Adjusted LBITDA reduced by 21% to £3.1 million compared with £3.9 million a year ago.

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