7digital Group PLC Re Universal Music Group and Triller News (1558O)
February 05 2021 - 4:39AM
UK Regulatory
TIDM7DIG
RNS Number : 1558O
7digital Group PLC
05 February 2021
5 February 2021
7digital Group plc
("7digital" or "the Company")
Re Universal Music Group and Triller News
7digital (AIM: 7DIG), the global leader in B2B end-to-end
digital music solutions, notes the announcement issued by Universal
Music Group ("UMG") today with regards to Triller. The Company
confirms that this announcement by UMG has no financial impact on
its business nor does it have any impact on its own relationships
with either party. Triller remains a customer of 7digital having
signed an 18 month contract in August 2020. 7digital will continue
to provide Triller with services from the Company's platform under
the existing terms with no impact on its revenue.
7digital will keep the market updated on any further
developments in this matter as appropriate.
Enquiries
7digital c/o 020 7618 9100
Michael Juskiewicz
Lara Peterson
Arden Partners (Nominated Adviser and Broker) 020 7614 5900
Richard Johnson, Benjamin Cryer
Luther Pendragon (Financial PR) 020 7618 9100
Harry Chathli, Joe Quinlan
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. These include consumer and social media brands,
online fitness technologies, 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 Triller, Soundtrack Your Brand, Global
Eagle, GrandPad and Fender, 7digital is perfectly positioned to
lead innovation at the intersection of digital music and
next-generation radio services.
About Triller ( www.triller.co)
Triller is an AI-powered music video app that allows users to
create professional-looking videos in a matter of seconds. Pick a
song, select the portion of the song you want to use, snap a few
takes and with the tap of a button you have a celebrity-quality
music video starring you and your friends. Triller relies solely on
organic growth and has more than 250 million downloads, with
celebrities like Alicia Keys, Cardi B, Marshmello, Roddy Ricch and
Eminem regularly using the app to create their own music videos.
Triller recently was acquired by Proxima Media. For more
information, visit www.triller.co and follow @trillervids on
Instagram.
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END
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