5 May 2015 07:00
ONE MEDIA IP GROUP PLC - One Media files copyright infringement claimONE MEDIA IP GROUP PLC - One Media files copyright infringement claim
PR Newswire
London, May 1
5 May 2015 One Media iP Group PLC (`One Media') One Media litigates in the USA - Worldwide copyright infringement claim One Media iP Group (AIM: OMIP), the digital media content provider, whichconsolidates, exploits and monetises intellectual property rights around musicand video is pursuing a lawsuit in the USA against Believe SAS ("BelieveDigital Group"), S.A.A.R Srl and Henry Hadaway ("HHO Licensing Ltd and HenryHadaway Organisation Ltd") that was originally filed by Telos Holdings, Inc. d/b/a Point Classics in April 2014. In July 2014 One Media acquired the Point Classics Catalogue ("the Catalogue")from Telos Holdings Inc./Point Classics, LLC in the USA (see RNS dated 3rd July2014) for a consideration of USD$1.6m. The Catalogue comprises 4558 UScopyright registered Classical tracks by the world's leading composers. Asignificant number of tracks (no less than 1,466) have been identified by OneMedia as being unauthorised for exploitation worldwide by Believe SAS (a FrenchCompany) pursuant to an alleged physical license granted by HHO Licensing Ltdto S.A.A.R Srl (an Italian Company). The litigation is being prosecuted by OneMedia in the Federal Court in Nashville Tennessee and is being defended byBelieve SAS and S.A.A.R Srl on the grounds of improper jurisdiction despitewidespread worldwide exploitation by Believe SAS and SAAR, SrL both in and outof the USA. Michael Infante CEO & Chairman: "We have been forced to litigate in this matterto protect the rights engrained in our asset to prevent unauthorisedexploitation of this important acquisition." For further information please visit www.onemediaip.com or contact: One Media iP Group Plc Chairman and Chief ExecutiveMichael Infante Tel: +44 (0)175 378 5500 One Media iP Group Plc Brand & Communications ManagerAlice Dyson-Jones Tel +44 (0)175 378 5501 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 Notes to Editors: One Media is an intellectual property (iP) owner andcontroller of rights within the digital arena concerning music, video anddigital distribution. The consumer led but B2B (Business-to-business) operationlooks to exploit its catalogue of over 200,000+ music tracks and over 7,500hours of video by recompiling the content for sale through over 100 digitalmusic and video stores groups worldwide. The Company has a team of CreativeTechnicians, who digitise the content, create the metadata and re-compile andprepare the digital music & video releases using bespoke in-house software.Additionally, One Media makes its library of content available for TV shows,movies, adverts and websites requiring background music. One Media focuses onmusic performed by well-known artists from every genre, 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. In July 2014 the Groupacquired for a consideration of USD$1.6m the Point Classics classical musiclibrary bringing the number to over 10,000 classical tracks now available tothe Group for exploitation. One Media is eligible for Enterprise InvestmentSchemes ("EIS") and Venture Capital Trusts ("VCT"). The company is profitable,cash resourced and has operated an active dividend policy.