7digital secured £500k loan, keeping the company afloat

After a shaky 2019 and recently suffering markets, London-based company 7digital have been handed a lifeline to help them continue operations. The unnamed lender has handed over a £500,000 ($643k) 12 month loan, with interest…

iHeartMedia have filed for bankruptcy to clear $20bn in debt

After weeks of uncertainty iHeartMedia are moving to resolve their massive debt by filing for bankruptcy. The past few weeks have been a tumultuous time for iHeartMedia Inc, owners of highly successful radio streaming platform…

EMI Are In Big Trouble And Have To Make Money To Pay Loans

EMI is praying that Santa is generous this season as it stares down a major post-Christmas payment due on  £2.7 billion in loans from Citigroup. UK analysts are warning that EMI must generate significant cash…