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7digital CEO on huge demand for music streaming

Simon Cole, the chief executive of 7digital (LON:7DIG), explains why smaller players are keen to challenge the likes of Apple and Spotify in the music streaming game and how that benefits the AIM-listed company.

Today, the group unveiled a music download deal with Sainsbury’s and an extension of its current deal with Guvera, which recently acquired Blinkbox, Tesco’s own venture into music streaming.

7digital also released full-year results, which revealed a 12% fall in turnover to £10.2mln but a reduced loss of £2.6mln. 

Quick facts: 7Digital Group PLC

Price: 0.1875 GBX

AIM:7DIG
Market: AIM
Market Cap: £4.54 m
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