7digital Group PLC Partnership deal with Music Powered Games
07 March 2019 - 6:02PM
RNS Non-Regulatory
TIDM7DIG
7digital Group PLC
07 March 2019
07 March 2019
7digital Group plc
("7digital" or "the Company")
7digital signs partnership deal with Music Powered Games
7digital (AIM:7DIG), the global leader in B2B end-to-end digital
music solutions, is delighted to announce that it has signed its
first deal in the rapidly developing area of music within gaming
applications.
7digital has agreed an initial 2-year deal with Music Powered
Games ("MPG"), a developer of online music games which use song
lyrics to power the gameplay. The deal is to set up and maintain
full-track streaming services for MPG's highly anticipated new
"arcade of music games" which launches today in a single app,
MuzArcade, on iOS and Android in the United States.
Commercial terms are confidential but the deal will contribute
to 7digital's monthly recurring revenues from launch today and the
company will receive a significant set-up fee.
Commenting on the partnership, Simon Cole, CEO of 7digital,
said: "We are excited to announce this partnership with Music
Powered Games. The industry is rapidly embracing music as a natural
complement to the gaming environment and we see this as an
important new area for both 7digital and for the music industry as
a whole.
"MuzArcade is a perfect example of how the 7digital platform
enables companies to easily use music to create unique customer
experiences and broaden the market for digital music."
For further information please contact:
7digital 020 7099 7777
Simon Cole, Chief Executive
David Holmwood, Interim Chief Financial
Officer
Holly Ashmore, PR Manager
Arden Partners (nominated adviser and
broker) 020 7614 5900
Ruari McGirr/ Tom Price/ Benjamin Cryer
- Corporate Finance
Yellow Jersey PR
Georgia Colkin
Charles Goodwin +44 (0)7825 916 715
7digital@yellowjerseypr.com +44 (0)7747 788 221
About 7digital (http://about.7digital.com/)
7digital is the global leader in B2B end-to-end digital music
solutions. The core of its business is the provision of robust and
scalable technical infrastructure and extensive global music rights
used to create music streaming and radio services for a diverse
range of customers - including consumer brands, mobile carriers,
broadcasters, automotive systems, record labels and retailers.
7digital also offers radio production and music curation services,
editorial strategy and content management expertise.
7digital fosters industry growth and innovation by simplifying
access to music for clients such as Onkyo and TikTok (formerly
musical.ly). From years of being the largest independent producer
of programming for the BBC and powering services for partners like
Panasonic, TDC and Fender, 7digital is perfectly positioned to lead
innovation at the intersection of digital music and next-generation
radio services.
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END
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