18 Oct 2021 08:15
Access Intelligence PLC
("Access Intelligence", the "Company" or the "Group")
Copyright Tribunal Ruling
Access Intelligence Plc, (AIM: ACC) the technology innovator delivering Software-as-a-Service (SaaS) solutions for the global marketing and communications industries, is pleased to announce that the Australian Copyright Tribunal (Copyright Tribunal) has delivered its decision in the proceedings detailed in the Company's Admission Document dated 15 June 2021 and brought by Isentia, the Company's recently acquired subsidiary. In its decision, the Copyright Tribunal accepted the terms of the copyright licence proposed by Isentia.
Whilst details of the Copyright Tribunal findings remain confidential, the decision provides that the licence fees payable by Isentia to Copyright Agency Limited on an ongoing basis will remain stable for the next four years. Isentia regards the licence terms and fees accepted by the Copyright Tribunal as fair and reasonable, striking the right balance between rewarding publishers for the usage of their content and not overcharging clients for usage of that content.
Joanna Arnold, CEO of the Company said:
"I am reassured by the findings and outcome of the Copyright Tribunal. Whilst we understand that CAL are considering their options for a judicial review of the decision, I believe that this ruling from the Copyright Tribunal is a strong sign that this area of uncertainty regarding future copyright costs is behind Isentia. We are committed to supporting high quality journalism and this ruling is categorically the right decision for the industry and is a positive outcome for the Group."
For further information:
Access Intelligence plc
Joanna Arnold (CEO) / Mark Fautley (CFO) 020 3426 4024
finnCap Limited (Nominated Adviser and Broker)
Corporate Finance - Marc Milmo / Kate Bannatyne / Fergus Sullivan 020 7220 0500
Corporate Broking - Alice Lane / Sunila de Silva
About Access Intelligence
Access Intelligence PLC is an AIM-listed martech leader, helping marketers and communicators anticipate, react and adapt to what's important to customers, stakeholders and their brand as they navigate a constantly changing world of influence and reputation online. Its technology is used by 6,000 global organisations every day, from blue-chip enterprises and communications agencies to public sector organisations and not-for-profits.