So, on with all those MIDEM announcements.
First, independent download firm 7Digital has announced a new round of funding to the tune of £4.25 million, coming from a group of investors including Sutton Place Managers and existing investor Balderton Capital. The new investment will be used to help 7Digital, which provides the back end to numerous digital music services as well as operating its own download store and unsigned band download service, to fund its global expansion - across Europe and into the US.
7Digital top man Ben Drury told CMU: "The last year has seen rapid growth in the digital music market and this year we expect it to grow even faster with the move toward the open MP3 format. 7digital has enjoyed incredible growth in the UK and Europe and with this new investment we are well-placed to expand overseas and into new areas".