One Media iP Group PLC Acquisition of Rights (4204E)
March 11 2022 - 1:00AM
UK Regulatory
TIDMOMIP
RNS Number : 4204E
One Media iP Group PLC
11 March 2022
One Media iP Group Plc
("One Media" or the "Company")
Acquisition of Orbital Digital Ltd/Rapier Music's
income from its catalogue royalties
One Media iP Group Plc (AIM: OMIP), the digital music rights
acquirer, publisher and distributor, is pleased to announce that it
has acquired the licensor's share of the royalties to the Orbital
Digital Ltd catalogue of rights ('the Catalogue'), which contains
several thousands of recordings.
As part of the deal, One Media has acquired the licensor's
income share of the catalogue on an in-perpetuity basis, which
opens a new route of income and profit for the group. Distributed
by FUGA, the Dutch content distributor which will additionally be a
new distributor to the group for this catalogue.
Orbital/Rapier Music features more than 40 branded labels across
all the known digital platforms; African Lives, All About Blues,
Travelscape Records, The Music Shed, Rapier Music, and Sunflash to
name just a few of the imprints.
The Catalogue ranges from classical through to Dance/Hip Hop and
features a wide range of artists such as; Jose Carreras, Jo Jo
Adams, Kool & the Gang, Irish Tenor Trio, Alexandra O'Neal, Joe
Strummer, Sid Vicious, Chic, Lee Perry, The Lambrettas, Dread
Filmstone, Sex Pistols, Suketu, Col Abram, Psy-Co-Billy, Rachel
Porter's all female Orchestra, Ebn ozn.
The acquisition, which was in the normal course of business and
is in line with management's expectations and the Company's
business plan, was completed through One Media's Harmony IP asset
release programme. Harmony IP allows music rights holders advanced
access to the future earnings of their intellectual property by
purchasing a portion of their rights upfront. www.harmonyip.com
Michael Infante, CEO of One Media iP, commented: "We have been a
licensee of Orbital's sister company for over 15 years and have had
a successful trading relationship. We have distributed under
license their copyrights, and this move of buying out their own
routes to the consumer market begins to consolidate labels
competing with the group.
The Harmony IP initiative is open to all of our existing
licensors and allows One Media to increase its profitability using
its cash resource to acquire our partners' royalty streams. We look
forward to keeping the market updated on our progress. "
-Ends-
The person who arranged the release of this information is
Michael Infante, Chief Executive Officer of the Company.
One Media iP Group Plc +44 (0)175 378 5500
Michael Infante - CEO
Claire Blunt - Chairman +44 (0)175 378 5501
Cairn Financial Advisers LLP (Nominated Adviser)
Liam Murray
Jo Turner
Ludovico Lazzaretti +44 (0)20 7213 0880
+44 (0)20 7397 8900
Cenkos Securities plc (Broker)
Giles Balleny
Max Gould
Michael Johnson (Sales)
Pete Flatt / PPR Publicity +44 (0)7930 304301
About One Media iP Group Plc
One Media is a digital music rights acquirer, publisher and
distributor. The Group specialises in purchasing and monetising
intellectual property rights with proven, repeat income streams.
One Media adds value to its content by maximising its availability
in over 600 digital stores globally, including Apple Music,
YouTube, Amazon and Spotify.
One Media's music is also widely used for synchronisation in
film and TV whilst its video content is primarily viewed on YouTube
where One Media operates over 20 YouTube channels as a certified
partner. Additionally, its www.tcat.media copyright infringement
and digital music audit tool software TCAT, is used daily with
major record labels and the world leading digital international
distributor. Men & Motors its branded car channel is now
available via YouTube
www.youtube.com/channel/UCNLiybn_9jgQaV0NZlSRwCg
One Media is listed on the London Stock Exchange on the AIM
index, under the symbol 'OMIP'.
For further information, please visit www.omip.co.uk and
www.harmonyip.com/
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
ACQEAPDEFEXAEFA
(END) Dow Jones Newswires
March 11, 2022 02:00 ET (07:00 GMT)
One Media IP (AQSE:OMIP.GB)
Historical Stock Chart
From Jun 2024 to Jul 2024
One Media IP (AQSE:OMIP.GB)
Historical Stock Chart
From Jul 2023 to Jul 2024