7digital announced it has signed a long-term contract with Utopia Music AG. Utopia is a new customer for the Company and marks the growing demand for music data and intelligence services, where 7digital's music-as-a-service platform provides access to global audio and track metadata for various use cases such as identifying music or artist, monitoring broadcasts, and monitoring copyrighted material. Utopia Music exists to build technology and data accounting to improve the way the music industry pays royalties to the creators for the music copyrights consumption.

Based on a database of more than 213 billion global data points, the Utopia platform leverages modern technologies to provide services to help the entire music value chain, including artists, labels, publishers, and performance rights organizations optimize their data and streamline administration. Using 7digital's global music database capabilities, in addition to Utopia's existing data capabilities, Utopia's customers will be able to monitor and measure the consumption of their music copyrights globally. In so doing, Utopia's customers can leverage data for faster, more accurate payouts of royalties to copyright holders.