|Type||Public - LSE: 7DIG|
|Industry||B2B Music Technology Services|
|Headquarters||69 Wilson Street, London EC2A 2BB,|
Number of locations
|85 countries (July 2015)|
|Paul Langworthy (CEO)|
Michael Juskiewicz (CFO)
Samantha Sawyer (CCO)
Jon Hilbrants (CCO)
|Services||white-label music solutions, API, music download stores, production, streaming music services, radio services, voucher promotions, loyalty schemes|
Number of employees
|Subsidiaries||Entertainment News, Unique The Production Company, Smooth Operations, Unique Interactive, Above The Title|
7digital Group Plc (AIM: 7DIG), is a publicly listed company that offers access to music, tracking and reporting for clients. Initially their API was used Guvera, Onkyo, Samsung, BlackBerry, HMV, musical.ly (now TikTok) and Technics. They subsequently added and partner with Triller, FORME Life, Soundtrack Your Brand, Global Eagle, Grandpad, Apex Rides, and Fender. 7digital's Smooth Operations, Unique Production and Above The Title companies are now branded 7digital Creative, and produce content for BBC Radio 1, Radio 1Xtra, BBC Radio 2 and BBC Radio 3.
7digital was founded in 2004 by Ben Drury and James Kane as a B2B digital music services company, building music download stores for record labels, brands and other retailers. 7digital Direct to Consumer (D2C) service was launched in 2005.
7digital is backed by technology venture capital firm Balderton Capital (formerly Benchmark Capital Europe). On 28 January 2008 7digital raised £4.25m in its series B investor round, securing investment from various groups including Sutton Place Managers. The investment was to be used to launch 7digital.com in more European countries and the United States, along with expanding the sites offerings to include downloadable video and computer games.
In October 2012, 7digital secured $10 million in funding from two new investors, Dolby and Imagination Technologies. HMV's stake was previously reduced to less than 20%, and following HMV entering into administration, retail restructuring specialists Hilco, are now the holders of these shares.
The company entered a business relationship with MediaMarktSaturn in 2017 which it ended in 2019 in exchange for a cash payment of €4 million. The end of the partnership led to a need for 7digital to raise capital by the third quarter of 2019 to remain operational. The share price fell in response to these developments, with a loss of 63% on 9 April and further losses on 10 April 2019.
- Musical.ly: (May 2016)
- eMusic: (Jan 2016)
- Guvera: (July 2014) On 10 November 2014, Guvera announced that it had launched its streaming service in India. They shut down in May 2017.
- Samsung: for Music Hub version 1.0. Replaced nu by 2.0 and 3.0 dependent on the territory that the handset was designated for. In 2012 with the launch of Samsung Galaxy S3 devices in Europe and North America the Music Hub has begun to include subscription streaming alongside their music downloads. 7digital pre-install is also available on Samsung Galaxy S4.
- BlackBerry: (initially 2010, then for their OS 7 devices)
7digital is independent of their business since significant investment they received in 2012. Re-launched in October 2013, HMVdigital.com is an à la carte download store, available both online and on mobile, supported by a desktop and locker management application. 7digital provided all back-end technology, user account and billing systems alongside catalogue management and licensing. Mobile apps featured sound and image recognition functionality, simplifying the path to finding and buying music. 7digital enabled HMV to simultaneously launch across five platforms, with plans for international expansion to numerous territories.
Ubuntu One Music Store/Canonical
On 2 April 2014 Canonical announced the closure of all of the Ubuntu One file services.
Spotify users from the UK, France, Norway, Finland, Spain, The Netherlands and Sweden were able to purchase tracks to download (if available) from 7digital. This was done by right-clicking and selecting the 'Buy From' link. However, Spotify launched their own purchase service during 2011 which replaced 7digital.
Alongside its B2B digital music services business, 7digital offers music tracks direct to consumers in MQA, MP3 320, 256, M4A, 16-bit and 24-bit FLAC audio.
7digital's Indiestore launched in early 2006, and allowed unsigned artists and independent labels create their own digital music download store for free. The Indiestore was discontinued in 2010. 7digital directs independent artists to work with independent aggregators, where they will be able to service their music to a variety of music retailers.
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in partnership with another music company, 7digital
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- http://about.7digital.com/news/technics-launches-%E2%80%98technics-tracks%E2%80%99-new-premium-hi-resolution-audio-service%7Cdate=November 2014
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