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FRIDAY 7.19.19
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7Digital Flirts With Bankruptcy, eMusic Makes $1.6M Bet

B2B digital music services provider 7Digital is flirting with administration, the UK equivalent of bankruptcy, after investors rejected a plan to issue more shares for cash which the company says its needs to survive. 7digital Group Plc is a publicly traded digital music and radio services platform. 7digital offers both…

7Digital Names New CEO As Simon Cole Exits

7digital has announced that Simon Cole will step down as Director and CEO next month and named John Aalbers to replace him. Simon has led the B2B digital music company since its creation from the reverse merger with UBC Media in 2014. His departure has been planned since last year….

7digital, Juke End Partnership After $4.5M Settlement

UK-based 7digital has reached a settlement with Media Saturn’s Juke music streaming service to dissolve their partnership. Under the Agreement, 7digital will be released from all outstanding contracts with the Juke for an immediate payment by Juke of €4,000,000. Juke has aslo agreed to write off all interest payments and…

7digital accepts €4m settlement to end Juke Entertainment partnership

The settlement sees 7digital released from all outstanding commitments relating to Juke
The post 7digital accepts €4m settlement to end Juke Entertainment partnership appeared first on Music Business Worldwide.