13th Oct 2014 11:41
LONDON (Alliance News) - Music and radio streaming platform 7digital Group PLC Monday confirmed press speculation that it is in contract discussions with musician Will.i.am's i.am.plus LLC for a new series of devices.
7digital said it was in talks regarding the delivery of a music service on a range of new devices including wearables, and this potential contract would further underpin its revenue expectations for the year.
The confirmation follows a report in the Mail on Sunday that Will.i.am is planning to launch his Android smart watch using 7digital's music service this week.
Shares in 7digital are trading up 26% at 25.50 pence Monday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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