17th Aug 2020 18:28
7digital Group PLC - London-headquartered digital music and radio services platform - Notes recent sharp gains in share price, following "increased press and market comment" regarding Triller Inc.
7digital signed a new 18-month contract with Triller last Wednesday to power the social music video app with its music platform-as-a-service offering. Triller is an artificial intelligence-powered app that allows users to choose their favourite music to create auto-edited, professional-quality videos.
7digital noted US President Donald Trump has recently opened an account on Triller, in an attempt to highlight competitors of Chinese firm TikTok.
"The company is not aware of any other reason for the share price movement," 7digital added.
Current stock price: 3.10 pence
Year-to-date change: up sharply from 0.17p.
By Paul McGowan; [email protected]
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