One Media iP Group Plc Acquisition of Music Catalogue
April 09 2019 - 1:00AM
UK Regulatory
TIDMOMIP
9 April 2019
One Media iP
("One Media", or "OMiP" or the "Company")
Acquisition of Composition Catalogue - Michael William Dulaney
One Media iP Group Plc (AIM: OMIP), the digital media content provider that
exploits intellectual property rights around music, video and copyright
technology, is pleased to announce that it has acquired certain rights relating
to the composition and writers share of the income in the Michael Dulaney
catalogue of songs, an American country music songwriter from Nashville,
Tennessee, for a total consideration of US $850,000, to be satisfied in cash.
The catalogue comprises 93 of Dulaney's songs, including some of his major
successes such as; 'Fly Over States' 'Tattoos on This Town' and 'Night Train'
recorded by Jason Aldean, which were all USA Platinum Singles. Additionally,
'Sunny & 75' by Joe Nichols was a USA gold single and 'Way You Love Me' by
Faith Hill was an award-winning hit. His highly-acclaimed records 'Bob That
Head', 'Things That Matter' and 'Close', written for the multi award-winning
American band, Rascal Flatts, and 'You Can't Hide Beautiful' written for
Canadian country musician, Aaron Lines, are also included in the catalogue.
Michael Infante, CEO of One Media iP, commented: "We are delighted to announce
this acquisition, our second in as many months, and to add the iconic catalogue
of Michael Dulaney to the One Media collection. Michael is an extremely
talented Grammy Nominated country music songwriter whose records have received
a number of significant accolades. The acquisition demonstrates our focus on
expanding our catalogue strategically, and reflects the growing demand and
enthusiasm for country music globally as streaming continues to expose
listeners to an ever-increasing range of genres.
"With a strong pipeline of opportunities still to evaluate, we now look to
continue building momentum and growing the business, both through further
acquisitions and the promotion of our existing catalogue."
This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014.
One Media iP Group Plc
Michael Infante - Chief Executive +44 (0)175 378 5501
Ivan Dunleavy - Chairman +44 (0)175 378 5500
www.omip.co.uk
Cairn Financial Advisers LLP (Nominated Adviser) +44 (0)20 7213 0880
Liam Murray
Jo Turner
Ludovico Lazzaretti
Panmure Gordon (UK) Ltd (Broker) +44 (0)20 7886 2500
James Stearns
Yellow Jersey PR (PR & IR) +44 (0)20 3004 9512
Georgia Colkin
Joe Burgess
About One Media iP Group Plc
One Media is a UK listed digital media content provider that exploits
intellectual property rights around music, video and copyright technology.
Driven by the growth in streaming, the Company is dedicated to expanding the
business through acquisition of new content and promotion of its existing
catalogue.
The Company's consumer-led B2B operation exploits a growing collection of music
and video content by recompiling it for sale via more than 600 digital music
and video store groups across the globe.
One Media focuses on music performed by well-known artists from every genre,
from classical through to R&B as well as stand-up comedy and spoken word. The
Company also owns the rights to Men & Motors, available for viewing on One
Media's YouTube Channel. One Media's library of content is available for TV
shows, movies, adverts and websites requiring synchronised music.
Additionally, the Company has developed the Technical Copyright Analysis Tool
("TCAT"). TCAT is a SaaS platform developed as a means of automating the
difficult and time-consuming task of monitoring for unauthorised use of digital
music releases.
For further information: www.omip.co.uk
END
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