One Media iP Group Plc
("One Media", the "Group" or the
"Company")
One Media iP Group Plc
Update on One Media's continuing
recovery in the USA of its
worldwide copyright infringement claim.
One Media iP Group Plc (AIM: OMIP), a digital media content
provider, which consolidates, exploits and monetises intellectual
property rights around music and video was notified by the
Nashville Court that after an
application from the Hadaway defendants the Group was informed that
the Nashville Court had retracted
its jurisdiction over the Hadaway defendants and vacated its
judgement. The Group is considering its position on the matter as
to furthering the matter in the USA.
On 5 May 2015 the Group announced
it had filed proceedings in the USA pursuant to its belief that its music
rights had been exploited without authorisation. The Nashville Court ruled in the Group’s favour
with regard to the actions by HHO Licensing Ltd, Henry Hadaway
Organisation Ltd and Henry Hadaway
personally. One Media announced that this litigation was concluded.
On 17 September 2015 the Federal
Court in Nashville Tennessee
issued a judgment in the sum of $781,846
USD against Henry Hadaway,
HHO Licensing Ltd and Henry Hadaway Organisation Ltd (which
includes costs of $9,929 USD) for the
wilful infringement of 1,466 recordings from the Point Classics
catalogue owned exclusively by One Media.
One Media iP Group Plc
Chairman and Chief
Executive, Michael Infante
Tel: +44 (0)175 378 5500
One Media iP Group Plc
Corporate Communications
Alice Dyson-Jones
Tel +44
(0)175 378 5501
Cairn Financial Advisers
LLP Nominated Adviser
Liam Murray / Jo Turner
Tel: +44 (0)20 7213 0880
Panmure Gordon (UK) Limited
Broker
Karri Vuori
Tel: +44 (0)20 7886 2500
Notes to Editors
Based at Pinewood Studios, One Media is an 'intellectual
property' (IP) owner and controller of rights within the digital
arena concerning music, video and digital distribution. The
consumer led but B2B (Business-to-business) operation looks to
exploit its catalogue of over 250,000+ music tracks and over 10,000
hours of video by recompiling the content for sale through over 600
digital music and video stores groups worldwide. The Company
has a team of Creative Technicians, all of whom are YouTube
certified, who digitise the content, create the metadata,
re-compile and prepare the digital music & video releases using
bespoke in-house developed software. Additionally, One Media makes
its library of content available for TV shows, movies, adverts and
websites requiring synchronised music. One Media focuses on music
performed by well-known artists from every genre, including; pop,
rock, reggae, R&B, children's music, karaoke, jazz, soul,
blues, rap, hip-hop, gospel, world-music, plus stand-up comedy,
spoken-word. In July 2014 the Group
acquired for a consideration of USD$1.6m the Point Classics classical music
library bringing the number to over 10,000 classical tracks now
available to the Group for exploitation. The Group owns all the
rights to the Men & Motors (originally Granada/ITV) TV shows
originally aired on British TV between 1996 and 2010. Comprising of
over 3400 shows is available for viewing on the Groups YouTube
Channel. Recently the Group has developed a content discovery and
policing software service 'Technical Copyright Analysis Tool'
(TCAT) as a new service to record companies, publishers and law
firms searching information of artist and tracks on legitimate
digital stores. One Media is eligible for Enterprise
Investment Schemes ("EIS") and Venture Capital Trusts ("VCT"). The
company is profitable, cash resourced and has operated an active
dividend policy since
2011.