One Media
iP Group Plc
("One Media", or the "Company")
Acquisition of
Composition Catalogue – Cole
Taylor
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 the writer’s share for a number of songs written by
Cole Taylor, a country
singer-songwriter from Cuthbert,
Georgia U.S., for a total consideration of US $260,000 at completion and a maximum deferred
consideration based on financial performance of US $30,000 within 24 months.
Cole Taylor has quickly become an
in-demand country songwriter and the catalogue acquired by One
Media comprises some of his major hits including two which reached
No.1 in the Billboard Country charts, ‘Sippin’ on Fire’, the
Platinum single performed by Florida
Georgia Line and ‘Home Alone Tonight’, performed by the
multi-award winning country star Luke
Bryan.
Country music consumption continues to grow as the shift to
streaming continues. Country music amassed 50.88 billion streams in
2018, a 46 percent growth over the 2017 numbers.
Michael Infante, CEO of One Media, commented:
“We are pleased to be building momentum in our content
acquisitions programme and are delighted to be adding these
particular Cole Taylor songs to our
catalogue. With a poignant way of capturing feelings, Cole
Taylor has quickly become a hugely ‘in-demand’ country
songwriter and a rising star in country music
compositions.”
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
One Media iP Group Plc |
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Michael Infante - Chief
Executive
Ivan Dunleavy - Chairman
www.omip.co.uk |
+44 (0)175 378 5501
+44 (0)175 378 5500 |
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Cairn Financial Advisers LLP (Nominated
Adviser) |
+44 (0)20 7213 0880 |
Liam Murray
Jo Turner
Ludovico Lazzaretti |
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Panmure Gordon (UK) Ltd (Broker) |
+44 (0)20 7886 2500 |
James Stearns |
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Yellow Jersey PR (PR & IR) |
+44 (0)20 3004 9512 |
Georgia Colkin
Joe Burgess |
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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