London-based digital services company 7digital faces the possibility of going into administration -- a process similar to chapter 11 bankruptcy -- unless it can raise 'at least' £4.5 million in additional funds by the end of July.
CFO in April and they immediately carried out an urgent review of the business. In June, a consortium led bybecame majority shareholders in 7digital, acquiring outstanding loans of £600,000 and investing £1.3 million in capital. Both Koch and Lazarus are due to join 7digital’s board of directors shortly and are committed to making further funds available for the business, says 7digital.
"Tamir and David have an exciting vision for the music industry and see 7digital as playing a key role. As such, they have expressed a strong desire to invest further funds to stabilise the business and enable 7digital to execute its new enterprise strategy," Aalbers went on to say. "Our vision is to become the leading supplier of B2B music streaming solutions globally," states the document, identifying expansion into new markets as one source of potential growth.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
The Trump tariff twist that’s cost U.S. Steel $5.5 billionPresident Donald Trump’s tariffs on foreign steel have sped the decline of some of the U.S. mills he vowed to help.
Leer más »
Here's What Netflix Needs To Survive The Disney OnslaughtEarlier this week, a Forbes contributor predicted doom for Netflix when Disney+ goes live. But there may be a dirty little secret to the company's continued prosperity.
Leer más »
Box Office: ‘Spider-Man: Far From Home’ Crosses $395 Million Overseas, Nears $600 Million GloballySony’s “Spider-Man Far From Home” is off to a heroic start overseas, crossing $395 million in ticket sales during its first 10 days of release. The comic book adventure, starring …
Leer más »
Investment the key for future Dutch success, says World Cup coachThe future of the Netherlands women's football team looks bright after the ...
Leer más »
Democrat Buttigieg announces minority-focused small business investment planJoining several other Democrats targeting black voters this weekend with economi...
Leer más »
Factbox: Deutsche Bank takes an axe to investment bankDeutsche Bank said on Sunday that it would make major cutbacks to its investment...
Leer más »