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7digital inks contract with global tech firm for music catalogue access

The contract commenced in August and will continue into 2021

7Digital Group PLC - 7digital inks contract with global tech firm for music catalogue

7digital Group PLC (LON:7DIG) shares soared on Thursday as the group unveiled a contract to provide a global technology company with access to its global music catalogue, tracking and reporting services to support new music-based experiences.

The B2B music solutions firm said the contract began in August and will continue into 2021, with the new partner to use the platform to access a world-wide music catalogue from rights-secured labels in addition to the tracking and reporting services.

News of the deal sent the shares up 26.5% to 3.1p in early trading.

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