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March 31, 2015 11:25 PM ET

Media

Company Overview of 7Digital Group PLC

Company Overview

7digital Group plc provides digital music and radio services in the United Kingdom, Europe, and internationally. It operates through two segments, Content, and Software and Interactive. 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 that range from MP3 and AAC to lossless formats, such as FLAC; and custom software development and software as a service (SaaS) solutions to radio broadcasters, as well as create...

69 Wilson Street

London,  EC2A 2BB

United Kingdom

Founded in 2004

Phone:

44 20 7099 7777

Key Executives for 7Digital Group PLC

7Digital Group PLC does not have any Key Executives recorded.

7Digital Group PLC Key Developments

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.

7Digital Group PLC Announces New Contract with Sainsbury's and Extension of Guvera Contract

7Digital Group PLC announced a new contract with J Sainsbury plc as well an expansion of its existing contract with Guvera. 7digital has been appointed by Sainsbury to provide the platform and content for the music section of Sainsbury's online entertainment offering. The three-year deal will include access to 7digital's library of over 31 million tracks, its delivery systems and platform and reporting tools for which Sainsbury's will pay monthly fees. The Guvera streaming music service, available on Lenovo mobiles and tablets, is currently powered by 7digital in the UAE, Saudi Arabia and India. Guvera added an additional eight emerging market territories in August 2014 and has now awarded 7digital the contract for powering its services in Europe. Five European territories will be launched later this year including the UK, where 7digital is working in association with Blinkbox Music for the Guvera branded service. 7digital now provides services to Guvera in 16 territories.

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