7digital claims ‘positive’ start to 2018 with new contract wins

B2B digital-music firm 7digital has published a trading update for its business in the first quarter of this year, which it describes as “positive” for the company. “Trading in the first quarter matched the company’s expectations, with turnover slightly ahead of budget,” explained 7digital in its release to the AIM stockmarket this morning. “Altogether, contracts with a […]

Smart speakers’ impact on music: ‘I don’t think it can be overhyped…’

More than 26m smart speakers were shipped globally in 2017 according to research firm Futuresource, with the Amazon Echo and Google Home ranges proving popular devices. That was the spur for an event hosted by British music-industry bodies the BPI and ERA last night in London, and a report exploring the impact for music, published […]

7digital trading update shows 52% rise in revenues

B2B digital-music firm 7digital has issued a trading update showing strong growth in its full-year revenues. The company says it expects to report revenues of £17.3m for 2017, up 52% year-on-year. “Losses at Adjusted LBITDA level are expected to be significantly reduced from the previous period and be better than market expectations,” claimed the company […]

What do smart speakers and voice assistants REALLY mean for music?

Smart speakers like Amazon’s Echo and Google Home are selling in their tens of millions, and it’s becoming clear that voice assistants like Alexa and Google Assistant (and Apple’s Siri once its HomePod device ships) will be increasingly-common ways people interact with music. But what does this really mean? What should the music industry be […]

7digital signs contract with 8tracks as other clients launch

B2B digital-music firm 7digital has signed a contract with US streaming service 8tracks. The company says the deal has a minimum term of one year. 7digital has also signed a new contract with its largest shareholder, retailer MediaMarktSaturn, to migrate the latter’s Juke streaming service on to 7digital’s platform. The post 7digital signs contract with […]

7digital’s Pete Downton talks streaming, telcos, voice control and Apple

In the mid-2000s, Pete Downton had a PowerPoint presentation. It included a slide with a map of the world plotting Warner Music Group’s licensing partnerships with 40 mobile operators: a network with a theoretical reach of 1.8 billion customers. “There was a certain amount of truth in that, because we had deals in place to […]

7digital makes video news programme for Amazon’s Echo Show

7digital’s Entertainment News division is making the most of the screen that comes with Amazon’s Echo Show smart speaker. Just launched in the UK after its US debut earlier in the year, the Show has a seven-inch screen that means companies developing Alexa skills can add video and images in to the mix. The post […]

Spotify, Deezer and SoundCloud launch European lobbying coalition

Music-streaming services Spotify, Deezer and SoundCloud are among the founder members of a new coalition that plans to represent the European digital music industry in Brussels. Streaming service Qobuz, B2B firm 7digital and music-analytics startup Soundcharts are the other three founding members of Digital Music Europe. Its president will be Deezer CEO Hans-Holger Albrecht, while […]

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