7digital Partnerships, Platform Growth and Funding Announced
PRESS RELEASE
7digital confirms new B2B partnerships with HMV and Pure. New funding from UBC Media Group received to support further expansion of 7digital’s streaming and radio services platform. New stats show an increase of 225% in traffic to the growing platform.
London, UK, 25 November 2013. 7digital, the leading open digital music platform, today announced new partnerships, platform growth and funding from UBC Media Group plc as well entering into reverse takeover discussions with UBC to form a global leader in digital music, audio and radio services.
Today 7digital confirmed that they are the power behind HMV’s new digital music services across mobile and web in the UK and Ireland, with plans to support their rapid expansion into new territories in the near future. This month 7digital also helped launch an unlimited music streaming service in the US for Pure in conjunction with their award-winning Jongo™ multi-room wireless speaker range.
In order to power new global streaming and download services such as these, 7digital’s platform has undergone substantial investment in infrastructure, capacity and network optimisation. Traffic to the global platform has increased over 225% in the last six months to over 1 billion requests a month.
Ben Drury, CEO of 7digital comments, “Our platform and partnership roster has been growing steadily over time and we see continued interest in music globally, across online radio, subscription streaming, and downloads. We will continue to develop and scale the platform, and to innovate with new products and features. Radio, in particular, is an area where we see a lot of future opportunities, and we are thrilled that our new strategic investor and partner, UBC, shares this vision.”
“I’m very happy that we are able to help 7digital’s impressive expansion and that we have agreed to try and make our two companies one. The union of content and technology skills created by the potential merger of UBC and 7digital, would create a company with genuine global scale. The combined strengths give access to both the customers and content needed to drive business in the digital age.” Simon Cole, CEO, UBC Media Group plc
Notes to Editors
About 7digital
7digital‘s core business is to simplify access to the world’s music for its partners. By offering a proven, robust and scalable technology platform, coupled with comprehensive music rights, 7digital enables music innovation in the marketplace.
Through www.7digital.com and 7digital branded mobile apps, 7digital also serves consumers directly through localised music download stores. More than 25 million songs from major and independent labels are offered in 20 countries.
7digital’s extensive and flexible API allows partners to harness the power of music through download or streaming services, while the company takes care of highly complex infrastructure management, licensing, and reporting. Learn more on http://developer.7digital.com
Established in 2004, 7digital employs more than 100 people, and is headquartered in London with offices in San Francisco, New York, Los Angeles, Luxembourg, Berlin and Auckland. 7digital powers services for many of the world’s leading brands, including Samsung, BlackBerry, T-Mobile, HMV, McDonalds and Pure.
About UBC Media Group plc
UBC is quoted on the London Stock Exchange’s AIM market. UBC is a leading provider of digital content, software and mobile applications. The Group is the largest independent producer of radio programming for the BBC and a provider of entertainment programming to commercial radio stations throughout the UK. Its software division, Unique Interactive, is a global supplier of digital radio text and data services.