10 February 2021
One Media iP Group
Plc
("One Media” or the "Company")
Acquisition of 21
Vision 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 21 Vision
catalogue of rights (‘the Catalogue’), which contains over 2,000
recordings from some of the all-time music greats from over the
last seven decades.
Since 2009, the 21 Vision catalogue has been licensed to One
Media on a royalty-sharing basis. As part of the deal, One Media
has acquired the licensor's royalty share of the catalogue on an in
perpetuity basis, which allows the Company to continue to exploit
the catalogue via all of its digital mediums and collect all
revenues associated with the licence.
The Catalogue includes rare music concerts and live recordings
performed by over 70 artists who, since the digital era began,
have a renewed popularity as they are rediscovered by growing
global audiences. Such performers include Glenn Millar, The Andrews Sisters, The Ink
Spots, Vera Lynn, Count Basie,
Flanagan & Allen and Cole
Porter, music reminiscent of the Dads Army generation (over
60+) whose age group now form 29% of digital streaming consumers
according to Statista.
The acquisition, which was in the normal course of business, 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 worked with 21 Vision for
12 years, marketing their music catalogue on a royalty sharing
basis. By buying out the licensor’s royalty share, One Media
secures the rights to the catalogue on an in-perpetuity basis,
whilst also increasing its margin by taking a bigger share of the
royalty.
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-
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014. The person who arranged the
release of this information is Michael
Infante, Chief Executive Officer of the Company.
One Media iP Group
Plc
Michael Infante - CEO
Claire Blunt – Chairman |
+44 (0)175 378 5500
+44 (0)175 378 5501 |
Cairn Financial
Advisers LLP (Nominated Adviser)
Liam Murray
Jo Turner
Ludovico Lazzaretti |
+44 (0)20 7213
0880
|
Cenkos Securities plc
(Broker)
Max Hartley
Max Gould
Michael Johnson (Sales) |
+44 (0)20 7397
8900 |
Yellow Jersey PR (PR &
IR)
Felicity Winkles |
+44 (0)20 3004 9512 |
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, TV and digital gaming whilst its video content is primarily
viewed on YouTube where One Media operates over 20 YouTube channels
as a certified partner. Additionally the Company’s Men & Motors
TV series is now available on Kepang connect TV.
www.menandmotors.com
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
http://www.harmonyip.com/