7digital Group PLC 7digital to power jazzed
12 February 2020 - 6:00PM
RNS Non-Regulatory
TIDM7DIG
7digital Group PLC
12 February 2020
RNS Reach
12 February 2020
7digital Group plc
("7digital" or "the Company")
7digital to power jazzed - the world's first dedicated
audio-visual streaming service for jazz
Contract underscores 7digital's strategy to power the next
generation of streaming services
7digital Group plc (AIM:7DIG), the global leader in B2B
end-to-end digital music solutions, is pleased to announce that its
music platform-as-a-service will power jazzed, the world's first
dedicated audio-visual streaming service for jazz and
jazz-influenced music.
jazzed is a multi-tier jazz streaming subscription service which
has been developed by ETA Productions Ltd, a specialist in creating
new digital media platforms for entertainment markets. Launched
today, it offers a highly curated music, video and editorial
experience for the jazz fan, featuring over five million tracks and
unique individual channels.
Under the terms of the initial 12 month contract, which includes
set-up, monthly and usage-based content fees, jazzed will use
7digital's API and platform access, playlist tools, reporting
services and catalogue management. This will allow jazzed users to
stream music from 7digital's extensive catalogue of jazz
tracks.
jazzed offers an ad-funded freemium version featuring 10
hand-curated audio channels and a selection of video content, and a
GBP5.99 monthly subscription-based tier with over 40 channels and
exclusive video content. A premium subscription tier featuring
on-demand access to over five million music tracks in HD lossless
audio is planned for later this year. The service will be available
both on mobile and desktop.
Paul Langworthy, Chief Executive Officer of 7digital, said: "The
way people engage with music is changing rapidly. 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. jazzed is a perfect example of how
7digital makes it possible for these services to create new
compelling music experiences for underserved audiences. It is
testament to the versatility of our technology and breadth of our
music catalogue, which is enabling 7digital to power the next
generation of streaming services. We are incredibly excited to be
working with the jazzed team on their fantastic new music
product."
Frank Taubert, Chief Operating Officer and Co-founder of jazzed,
commented: "jazzed is going to change perceptions around jazz, as
the first audio-visual streaming subscription service focusing on
the genre. jazzed is marrying the innovativeness of the genre with
an innovative digital experience. Being able to rely on 7digital to
manage the back-end technical infrastructure and having access to
their extensive music catalogue allows us to focus on making the
service itself something exciting for jazz fans old and new."
Enquiries
7digital 020 7099 7777
Paul Langworthy, CEO
Arden Partners (Nominated Adviser and Broker) 020 7614 5900
Richard Johnson, Benjamin Cryer
Luther Pendragon (Financial PR) 020 7618 9100
Harry Chathli, Joe Quinlan, Elliot Fradd
About 7digital (www.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. From years of being the largest
independent producer of programming for the BBC and powering
services for partners like Global Radio and Fender, 7digital is
perfectly positioned to lead innovation at the intersection of
digital music and next-generation radio services.
About RNS Reach announcements
This is an RNS Reach announcement. RNS Reach is an investor
communication service aimed at assisting listed and unlisted
(including AIM quoted) companies to distribute non-regulatory news
releases into the public domain. Information required to be
notified under the AIM Rules for Companies, Market Abuse Regulation
or other regulation would be disseminated as an RNS regulatory
announcement and not on RNS Reach.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NRAKKDBBBBKBDBD
(END) Dow Jones Newswires
February 12, 2020 02:00 ET (07:00 GMT)
7digital (LSE:7DIG)
Historical Stock Chart
From Apr 2024 to May 2024
7digital (LSE:7DIG)
Historical Stock Chart
From May 2023 to May 2024