Last checked at 18 Aug 2021 07:00
18 August 2021
One Media iP Group Plc
("One Media" or the "Company")
Acquisition of 5868 Ltd catalogue income royalties
One Media iP Group Plc (AIM: OMIP), the digital music rights acquirer, publisher and distributor, is pleased to announce that it has acquired a percentage of the licensor's royalty share of the royalties in the 5868 Ltd catalogue of rights, which contains the income derived from over 1,000 recordings supplied by 5868 Ltd and its respective partners.
5856 Ltd has been a long-term licensor to One Media and its income has grown successfully over the last 10 years in line with the music industries predicted growth. The deal sees a percentage of the amount that One Media was paying in royalty fees being retained by the group. Whilst not adding to turnover, the retention of royalties payable will flow to the bottom line in cost savings.
The Harmony IP initiative has a policy of buying out percentages of income streams whether they be Artist, Label or publishing derived. This income stream has been robust and continues to grow and has been acquired well within the directors anticipated published 'multiple' buying criteria.
Recordings by Muddy Waters, Tina Turner, Don Williams, Sister Sledge and Taveres are included in the 5868 catalogue that have been successfully marketed by the group to date.
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
The acquisition is in line with management's expectations and the Company's business plan.
Michael Infante, CEO of One Media iP said: "Acquiring royalty rights that the Company has previously paid out is a sensible profitable addition to our acquisitive strategy. With over 200 label partners we have extended the Harmony IP Initiative to any royalty bearing participants so that label management and artists may benefit alike."
The person who arranged the release of this information is Michael Infante, Chief Executive Officer of the Company.
-Ends-
One Media iP Group Plc Michael Infante - CEO Alice Dyson - COO 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)Giles Balleny Max Gould Michael Johnson (Sales) | +44 (0)20 7397 8900 |
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 its web site www.menandmotors.com and YouTube www.youtube.com/channel/UCNLiybn_9jgQaV0NZlSRwCg
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 www.harmonyip.com/