9th May 2016 07:07
LONDON (Alliance News) - 7digital Group PLC on Monday said it was pleased to "congratulate" its partner MQA Ltd on its long-term licensing deal with Warner Music Group Corp.
This comes after record company Warner Music Group and sound technology company MQA entered into a licensing deal on Friday to enable Warner to offer high resolution downloads to its customers.
MQA, or Master Quality Authenticated, was launched in 2014 by Meridian Audio and, in December 2014 7digital signed a global partnership with Meridian Audio to adopt the sound technology. In 2015, Meridian Audio spun off MQA into its own company MQA Ltd.
Earlier this year, 7digital said it became the first business-to-business provider to offer MQA through electronics manufacturer Onkyo Corp's hi-res audio store onkyomusic.
7digital said the deal MQA has now signed with Warner Music is a "significant step towards achieving industry-wide adoption of the MQA high resolution music technology".
Shares in 7digital were up 0.3% to 7.4 pence early Monday.
By Hannah Boland; [email protected]; @Hannaheboland
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