TIDMOMIP
RNS Number : 3438L
One Media iP Group PLC
05 September 2023
5 September 2023
One Media iP Group Plc
("One Media", the "Group" or the "Company")
One Media acquires licensor's income share of Entertain Me
catalogue including songs by Gloria Gaynor, The Drifters, Louis
Armstrong, Don Williams and James Brown
One Media iP (AIM: OMIP), the digital media content provider
which specialises in the active monetisation of music and video
intellectual property rights together with copyright protection
technology, has acquired the licensor's income share only of the
'Entertain Me' catalogue of rights (the 'Catalogue') on an
in-perpetuity basis.
The transaction, which is a material acquisition for the Company
and was funded through existing cash resources, is immediately
income accretive and will enhance both revenues and portfolio NAV.
In line with management's expectations and the Company's business
plan, it was completed at an advantageous earnings multiple.
Comprising more than 15,000 tracks, the Catalogue includes songs
performed by a wide range of high profile and enduring artists such
as Dean Martin, The Drifters, Don Williams, Gloria Gaynor, James
Brown, Judy Garland, Jose Carreras, Ray Charles, Jacki Wilson, the
Royal Philharmonic Orchestra, The New England's Children's Choir
and Louis Armstrong. The vintage of the Catalogue's songs range
from the 1940's to the 1970's and it is also diversified by genre,
including classical, blues, country, children's music, lullabies,
jazz, swing and disco.
The transaction therefore supports the Company's strategy of
owning and managing evergreen music rights that have a proven track
record of delivering long term, recurring income, as well as
opportunities to extract additional value via the Company's deep
expertise in rights management.
It was undertaken via One Media's Harmony IP asset release
programme, which allows music rights holders advanced access to the
future earnings of their intellectual property by purchasing a
portion of their rights upfront. The initiative is open to all of
the Company's licensor partners and allows One Media to increase
its profitability using its resources to acquire additional royalty
streams.
Since 2009, the Catalogue has been distributed by the Group's
preferred and long-term distribution partner, The Orchard, which
continues to ensure that the tracks are available to fans and
listeners across all of the known digital platforms, including
Amazon Music, Apple Music and Spotify among others.
Michael Infante, CEO of One Media iP, commented: "This
acquisition not only gives us income exposure to new songs in our
sweet spot of music nostalgia, it also allows us to strategically
consolidate certain income streams where we also have a portfolio
exposure to some of the tracks in the Entertain Me catalogue. It
also adds a proven new revenue source at an attractive
multiple."
ENDS
This announcement contains inside information for the purposes
of the UK Market Abuse Regulation. The person who arranged the
release of this information is Michael Infante, Chief Executive
Officer of the Company.
For further information, please contact:
One Media IP Group Plc
Michael Infante Chief Executive
Tel: +44 (0)175 378
5500
Claire Blunt Chairman
Tel: +44 (0)175 378
5501
Cairn Financial Advisers LLP Nominated Adviser
Liam Murray / Jo Turner / Ludovico Tel: +44 (0)20 7213
Lazzaretti 0880
Cenkos Securities plc Broker
Max Gould/Giles Balleny (Corporate Tel: +44 (0)20 7397
Finance) 8900
Michael Johnson (Sales)
Claire Turvey, Fourth Pillar Financial PR
Tel: +44 (0)7850 548
198
About One Media iP Group Plc
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 copyright infringement and digital music
audit tool software TCAT is used by major record labels and the
world leading digital international distributor. Men & Motors,
the Company's branded car channel, is now available via YouTube
www.youtube.com/channel/UCNLiybn_9jgQaV0NZlSRwCg
One Media is listed on the AIM Market of the London Stock
Exchange under the ticker 'OMIP'.
For further information, please visit www.omip.co.uk and
www.harmonyip.com/
Caution regarding forward looking statements
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to be, forward looking statements. Forward looking statements are
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assumptions. These forward-looking statements are not based on
historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of
operations, performance, future capital and other expenditures
(including the amount, nature and sources of funding thereof),
competitive advantages, business prospects and opportunities. Such
forward looking statements reflect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors.
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END
MSCEAENLELPDEAA
(END) Dow Jones Newswires
September 05, 2023 02:00 ET (06:00 GMT)
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