MIAMI and LONDON, Sept. 30, 2014 (GLOBE NEWSWIRE) -- Spanish Broadcasting System, Inc. ("SBS") (Nasdaq:SBSA) today announced it has entered into a partnership with 7digital, a leading open digital music platform. 7digital will provide LaMusica.com, SBS' online Latin music, entertainment and news destination, with secure content management technology and a royalty reporting system to support additional music products beyond the site's current radio station streaming offering.
Through an online portal and mobile app, LaMusica.com currently streams 14 of SBS' leading Spanish-language radio stations, including WSKQ-FM, the nation's number one ranked Spanish-language radio station among adults 18-49, as well as the top-ranked radio station (regardless of language) in the New York City area, according to the most recent Nielsen Audio Ratings Report. LaMusica.com also provides a wealth of entertainment, news and cultural content, leveraging SBS' radio network, television and live entertainment properties.
"We continue to invest in strengthening our LaMusica.com portal and extending the robust content offerings we provide to the nation's passionate Latino music fans," said Raul Alarcón, Jr., Chairman and CEO of Spanish Broadcasting. "Our agreement with 7digital will provide us with additional tools to maximize the LaMusica.com experience, further building on our momentum as we seek to fully capitalize on our strong media brands and close ties to the vibrant Latino music community."
"We are pleased to partner with fast-growing entertainment services such as LaMusica.com to enhance the infrastructure that is required to deliver comprehensive and seamless digital entertainment offerings," said Simon Cole, 7digital's CEO. "SBS has an exceptional history in creating top-ranked media brands attracting large and loyal audiences in the nation's biggest Hispanic media markets, and we look forward to playing a role in expanding LaMusica.com's operating platform."
About 7digital
7digital aims to simplify access to the world's music and radio. Their robust, scalable digital music platform and flexible APIs are used to power comprehensive music and radio services for leading consumer brands, mobile carriers, broadcasters, automotive systems, retailers, record labels, artists and agencies. Alongside proven technology, they offer global music rights, award-winning radio production services, and content management expertise, making them a leading global partner in this space. 7digital has powered streaming and download services for global brands like Guvera, Samsung, ROK Mobile, HMV and BlackBerry, has partnered with media giants such as Yahoo and Sirius XM, and is the largest independent producer of radio programming for the BBC. 7digital Group is ideally placed to lead innovation at the intersection of digital music and next generation radio services.
Visit http://about.7digital.com for more information.
About Spanish Broadcasting System, Inc.
Spanish Broadcasting System, Inc. is the largest publicly traded Hispanic-controlled media and entertainment company in the United States. SBS owns and operates 20 radio stations located in the top U.S. Hispanic markets of New York, Los Angeles, Miami, Chicago, San Francisco and Puerto Rico, airing the Tropical, Mexican Regional, Spanish Adult Contemporary and Hurban format genres. The Company also owns and operates MegaTV, a television operation with over-the-air, cable and satellite distribution and affiliates throughout the U.S. and Puerto Rico. SBS also produces live concerts and events and owns 21 bilingual websites, including www.LaMusica.com, a bilingual Spanish-English online site providing content related to Latin music, entertainment, news and culture. The Company's corporate Web site can be accessed at www.spanishbroadcasting.com.