logo-loader
view7Digital Group PLC

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: 0.19 GBX

AIM:7DIG
Market: AIM
Market Cap: £4.67 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Highfield Resources advancing flagship potash project towards construction phase

Highfield Resources Ltd's (ASX:HFR) Peter Albert updates Proactive Lonodn's Andrew Scott on latest developments at its flagship Muga Potash Project in Spain. Muga’s ore reserve now consists of 108.7 million tonnes of proved and probable reserves at 10.2% potash for a 27-year life of...

13 hours, 33 minutes ago

2 min read