logo-loader

7Digital Group confirms talks with will.i.am

Published: 00:50 14 Oct 2014 AEDT

music_350_543bd9ae7838a

Music streaming firm 7Digital Group (LON:7DIG) has confirmed press speculation that it is in discussions with music producer will.i.am about a new series of devices.

The company said it is talking to the high profile musician’s company, i.am. plus, about providing a delivery service on a new set of devices, including wearable devices.

“The potential contract would further underpin the company's revenue expectations,” the company said.

The Mail on Sunday reported over the weekend that the member of the Black Eyed Peas will launch a smartwatch on Thursday in San Francisco that will incorporate a music service to be provided by 7digital.

Unlike the Apple Watch, launched last month, it does not need to be tethered to a mobile phone or tablet device to provide full functionality.

Shares in 7Digital Group were up by 52% in afternoon trading, and have notched up a 393% gain so far this year.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

8 hours, 39 minutes ago