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7Digital to power world’s first dedicated streaming service for jazz

jazzed is a multi-tier streaming subscription service providing 5mln tracks as well as video and editorial content for £5.99 a month

7Digital Group PLC - 7Digital to power world’s first dedicated service for jazz

7Digital Group PLC (LON:7DIG) shares rose on Wednesday after announcing that its platform will power jazzed, the world’s first dedicated streaming service for jazz.

jazzed is a multi-tier streaming subscription service, developed by specialist ETA Productions, which allows the user to access 5mln tracks as well as video and editorial content for £5.99 a month.

READ: 7Digital surges higher as music streamer sees profit in 2020

The AIM-listed business-to-business music services company said the co-operation deal was signed under an initial 12-month contract.

“In order to capture the significant future growth in the streaming market, the all-you-can-eat subscription model will be supplemented by more targeted, premium services,” said 7Digital chief executive Paul Langworthy in a release.

“jazzed is a perfect example of how 7digital makes it possible for these services to create new compelling music experiences for underserved audiences,” he added.

7Digital shares rose 4% to 0.43p on Wednesday morning.

Quick facts: 7Digital Group PLC

Price: 0.2 GBX

AIM:7DIG
Market: AIM
Market Cap: £4.91 m
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