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Acquisition of Music Video Catalogues

2 May 2014 07:00

ONE MEDIA IP GROUP PLC - Acquisition of Music Video Catalogues

ONE MEDIA IP GROUP PLC - Acquisition of Music Video Catalogues

PR Newswire

London, May 1

2 May 2014 One Media iP Group Plc ("One Media" or "the Group" or "the Company") Acquisition of Rock and Roll Palace and Church Street Station Music Video catalogues One Media iP Group Plc (AIM: OMIP) the digital media content provider whichconsolidates, exploits and monetises intellectual property rights around musicand video, is pleased to announce that it has acquired under an exclusivelicense with an on-going royalty the 'Rock and Roll Palace' and 'Church StreetStation' music-video catalogue of rights. The deal was concluded with the HenryHadaway Organisation ("HHO") for a total consideration of £300,000 plus VAT. The two catalogues contain hundreds of music-video performances by variousartists such as; Tammy Wynette, Charlie Rich, George Jones, Lynn Anderson,Mickey Giley, Tanya Tucker, The Bellamy Brothers, The Osmonds, Del Shannon, ThePlatters, and the Shirelles to name just a few. Henry Hadaway MBE, chairman and founder of HHO since 1969 is considered apioneer of UK independent music companies. Michael Infante, Chief Executive Officer and Chairman of One Media, commented:"Our expansion into more music-video content is emphasised by this deal. Thisvideo collection has never previously been made available by HHO for digitalexploitation and we are excited to be bringing this to market via our musicchannels with all of the emerging video stores such as YouTube. Monetising thiscontent, as with all our acquisitions, is not an overnight event but with thegrowing impact of `streaming' to all devices (mobile and home entertainment)becoming the preferred route to market, we anticipate growth in this sectorover the coming years." For further information, please contact: One Media Publishing Group Plc One Media iP Group Plc Chairman and Chief ExecutiveMichael Infante Tel: +44 (0)175 378 5500 Cairn Financial Advisers LLP Nominated AdviserLiam Murray / Jo Turner Tel: +44 (0)20 7148 7900 Charles Stanley Securities Limited BrokerMark Taylor Tel: +44 (0)20 7149 6000 Yellow Jersey PR Limited Financial PRKelsey Traynor/Dominic Barretto/Philip Ranger Tel: +44(0)7799 003 220 Notes to Editors:- The Group is a B2B and B2C digital content provider, exploiting intellectualproperty rights around music and video. The Group specialises in acquiring andrepackaging nostalgic music and Film and TV programmes from recordings madeover the last 90 years. The Group operates from its offices at Pinewood Studiosand delivers its digital music and video content via aggregators to over 600online digital stores such as iTunes, Spotify, Amazon, Deezer and YouTube.Consumers download or stream the content via PCs, smart phones, internetenabled music players and Smart TVs. Additionally, One Media makes its libraryof content available for synchronisation purposes for TV shows, movies,adverts, games and websites. One Media focuses on music performed by well-known artists or songs from everygenre, including; pop, rock, reggae, R&B, children's music, karaoke, jazz,soul, blues, rap, hip-hop, gospel, world-music, plus stand-up comedy,spoken-word and over 1,000 hours of classical music. The Groups visual contentincludes the 3000 Men & Motors programs, Skippy the Bush Kangaroo, the earlySooty Shows and over 3000 nostalgic pop music videos, all exploited viaYouTube. The Group does not invest in new bands or untested music. One Media is eligiblefor Enterprise Investment Schemes ("EIS") and Venture Capital Trusts ("VCT").The Group is profitable and has being paying a dividend since July 2011.
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