HMV's demise will have 'no material impact' on business, says 7digital

RHIAN JONES

7digital expects to see “significant growth” in 2013, despite the fact that one of its shareholders, HMV has entered into administration.

HMV bought a 50% stake of 7digital in 2009 (though this has since been reduced), and in October last year, HMV’s own download store was incorporated into 7digital’s platform.

However, a round of fund-raising last October, secured £6.23m worth of investment in the platform, which now boasts partnerships with the likes of Toshiba, Samsung, RIM and ...

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