Warner signs 7digital MP3 deal in Europe
Reuters are reporting that Warner Music has signed a deal with digital media site 7digital.com to provide its catalogue in the MP3 format, which can be played on nearly all music devices.
Warner Music International, a division of Warner Music Group said its catalogue — with hits from James Blunt and the Red Hot Chili Peppers — would be available to 7digital.com customers in the UK, Ireland, Spain, France and Germany. The site is the first major European download store to offer Warner’s tracks in the DRM-free MP3 format — 7digital offers EMI’s catalogue in the MP3 format and aims to sign more labels soon.
Founded in 2003, 7 Digital’s singles service distributes singles to over 200 partner sites such as AOL, MSN, Yahoo, and NME. 7 Digital is established in the music industry by providing the download capability for all the major record labels and over 200 independents. In addition, 7 Digital helps artists such as Gorillaz and Coldplay make downloads available directly from their own websites.
Investors: Balderton Capital, Sutton Place Managers
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