TIDM7DIG

RNS Number : 1284J

7digital Group PLC

25 April 2022

25 April 2022

7digital Group plc

("7digital" or "the Company")

7digital wins new GBP1 million contract with multinational corporation

7digital (AIM: 7DIG), the global leader in B2B end-to-end digital music solutions, is pleased to announce that it has signed a new two-year contract worth at least GBP1 million with a pan-Asian consumer services company.

The new customer will be using several unique services provided by 7digital's music-as-a-service platform to deliver an app-based music streaming service to enhance its engagement with its customers. The Company will provide access to its global catalogue, full license compliance management and curation via the 7digital Playlisting Tool.

Paul Langworthy, CEO of 7digital, said: "This is a major, multi-year contract for 7digital that further enhances our visibility over our forecast revenues for the next two years. It is an important endorsement of our offering having been awarded by a multinational corporation and after a competitive tender. This win also reflects how brands are increasingly utilising digital music solutions to engage with their customers. We're pleased to see our pipeline continue to translate to signed contracts and we look forward to updating the market on further progress."

Enquiries

 
 7digital                             c/o +44 20 7618 9100 
  Paul Langworthy 
 
 Arden Partners (Nominated Adviser 
  and Broker) 
  Richard Johnson                     +44 20 7614 5900 
 
 Luther Pendragon (Financial PR)      +44 20 7618 9100 
  Harry Chathli, Claire Norbury         7digitalIR@luther.co.uk

About 7digital

7digital is the global leader in B2B end-to-end digital music solutions, providing a scalable cloud-based platform that enables companies and brands to connect to its global music catalogue and rights management system to launch and manage unique and engaging music experiences. Operating worldwide in over 80 markets and integrated with more than 300,000 labels and publishers, 7digital's platform automates the complex and time-consuming processes of music management, making it easier to access and use music in streaming services, social media, home fitness, gaming, retail and more. With best-in-class infrastructure, deep industry expertise and intelligence tools, 7digital empowers their clients to innovate, grow and serve tomorrow's music consumer. For more information, visit http://www.7digital.com/ .

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