7digital inks new two-year contract with pan-Asian client
By Iain Gilbert
Date: Monday 25 Apr 2022
(Sharecast News) - Digital music solutions provider 7digital has inked a new two-year contract with an unnamed pan-Asian consumer services group worth "at least" £1.0m.
7digital said on Monday that its new customer will be using "several unique services" provided by its music-as-a-service platform to deliver an app-based music streaming service to enhance its engagement with its customers.
The AIM-listed company will provide access to its global catalogue, full license compliance management, and curation via the 7digital playlisting tool.
Chief executive Paul Langworthy said: "This is a major, multi-year contract for 7digital that further enhances our visibility over our forecast revenues for the next two years.
"We're pleased to see our pipeline continue to translate to signed contracts and we look forward to updating the market on further progress."
As of 0845 BST, 7digital shares were little changed at 0.30p.
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