One Media iP Group Plc Acquisition of Rights
June 22 2021 - 1:00AM
UK Regulatory
TIDMOMIP
One Media iP Group Plc
("One Media" or the "Company")
Acquisition of Rights
One Media iP Group Plc (AIM: OMIP), the digital music rights acquirer,
publisher and distributor, is pleased to announce that it has acquired the
producer royalties to three Heatwave's albums produced by the legendary record
producer Barry Blue: 'Too Hot To Handle' (1976), 'Central Heating' (1978) and
'Current' (1982) ("Acquisition").
One of the UK's most respected musicians - songwriter, producer, and artist
Barry Blue , has sold his producer royalties to the iconic 1970s disco band
Heatwave, including the hits ' The Groove Line' (1978), 'Always and Forever'
(1976), 'Mind-Blowing Decisions' (1978) and the million-selling global smash '
Boogie Nights' (1976), credited as one of the defining songs of the disco age.
The Acquisition was completed under One Media's innovative Harmony iP equity
release scheme, One Media will use its 'Technical Copyright Analysis Tool' (
TCAT) to monitor Barry Blue's songs with Heatwave across 600 digital music
stores globally, 24 hours a day.
One Media recently closed similar deals with Take That producer Ian Levine
and Culture Club record producer Steve Levine. In May 2021, the Company
acquired over 250 songs from 80's pop star Kid Creole and the Coconuts.
The Acquisition has been funded through the Company's existing cash resources.
The Acquisition is in line with management's expectations and the Company's
business plan.
Barry Blue said: "I am extremely proud of my work with Heatwave and look
forward to working with One Media iP to ensure that the legacy and integrity of
the catalogue is preserved and future-proofed in the best way possible, using
OMIP's TCAT technology of which is extremely impressive. It's hard to believe I
am now looking back at a 50-plus year career, and with this new partnership I
hope to ensure that my music will be heard for generations to come.
"It is important I do as much as I can to protect and promote the legacy of my
music. It is a lifetime's work and one that I am immensely proud of. Partnering
with One Media will allow access to their advanced royalty tracking software."
Michael Infante, CEO of One Media iP said: "Barry Blue has created a body of
work over the last 50 years as a song-writer, producer and artist that few can
rival. Our deal with his Heatwave catalogue will ensure his legacy is protected
and preserved for many years to come."
The person who arranged the release of this information is Michael Infante,
Chief Executive Officer of the Company.
-Ends-
One Media iP Group Plc +44 (0)175 378 5500
Michael Infante - CEO +44 (0)175 378 5501
Alice Dyson - COO
Claire Blunt - Chairman
Cairn Financial Advisers LLP +44 (0)20 7213 0880
(Nominated Adviser)
Liam Murray
Jo Turner
Ludovico Lazzaretti
Cenkos Securities plc (Broker) +44 (0)20 7397 8900
Giles Balleny
Max Gould
Michael Johnson (Sales)
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
connected Wi-Fi enabled smart TV's via its web site www.menandmotors.com and
YouTube.
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/
About Barry Blue
One of the UK's best-selling all-round talents, as a songwriter, producer and
pop star, Barry Blue has sold more than 45 million records, had approximately
50 world-wide hits and has registered more than half-a-billion streams.
Barry Blue was first spotted by a young Tim Rice, who worked for Cliff
Richard's manager Norrie Paramour in 1963, after winning a TV talent show, aged
just 13.
Barry was formally the bass player in the Band "Spice", who went on to become
"Uriah Heep". He then went to work with the Bee-Gees to advance his song
writing, before scoring five UK hits as a solo artist in the early 1970s. Other
song-writing hits included the No.1 hit from Lynsey de Paul "Sugar Me" (1972),
Toto Coelo 'I Eat Cannibals' (1982) and Five Star "All Fall Down" (1985), and
the top 3 hit "Escaping" by Dina Carroll, in 1996.
Blue's production career has included work with Diana Ross, Celine Dion,
Bananarama, Andrea Bocelli, The Saturdays and Pixie Lott.
END
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