7digital’s Simon Cole is to step down as Director and Chief Executive in April.
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simon cole
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Smooth Operations, Unique the Production Company and Above the Title will cease operating under separate names.
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7digital has appointed Edward Kershaw to the role of Chief Commercial Officer.
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7digital is planning to acquire French digital streaming music provider Snowite.
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7digital has sold all its remaining interest in Audioboom, raising net cash proceeds of £1.9m.
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RAKU lets users stream personalised radio and on-demand streams of millions of songs from both local and international artists.
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A new direction for commercial-free TeamRock as it signs a new deal with 7digital.
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The latest preliminary results for 7digital shows the company has sold a number of its Audioboom shares.
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7digital has secured a new contract with the Spanish Broadcasting System (SBS) to create new music offerings including a radio-style streaming service.
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Audioboo has listed on the Stock Exchange today at a valuation of over £10m, and is planning to change its name to Audioboom.
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UBC Media has taken a dilution in Audioboo shareholding from 39% to just under 20% to help raise £3.5m for the audio social network.
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UBC Media has lent £1 million to London based 7digital, starting a reverse takeover and eventual merger of the two companies.
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Video and web content has helped UBC Media grow its turnover, which is up 17% this year, and a new deal with Rightster is expected to help even further.
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UBC Media has raised turnover at the Half Year stage by 47% to £2.2m, quadrupled gross profit to £250,000 and reduced operating losses by 28% to £355,000.
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UBC Media Group has sold the Radio Lynx content business it bought three years ago to former managing director Steve Leavesley.
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Small revenue drop for industry’s leading independent production company.
