Last checked at 10 Jun 2014 07:00
ONE MEDIA IP GROUP PLC - One Media in USD$2.0m deal with its distributorONE MEDIA IP GROUP PLC - One Media in USD$2.0m deal with its distributor
PR Newswire
London, June 9
10th June 2014 One Media IP Group Plc ("One Media" or the "Group") One Media in USD$2.0m deal with its distributor One Media, the profitable Netlabel, consolidator and acquirer of music andvideo rights, is pleased to announce that it has signed a new deal with itsworldwide distributor. One Media will receive a further advance against future earnings in the amountof US$2,000,000 payable on or before the 30th June 2014. Michael Infante, CEO and Chairman of One Media said: "We are in a committedrelationship with our distribution partner - the Orchard and continue to have aharmonious working rapport with their various distribution teams worldwide". The Company further announces that it intends to release its half-year resultson the 17 June 2014. For further information, please contact: One Media Publishing 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 BrokersMark Taylor Tel: +44 (0)20 7149 6000 Yellow Jersey PR LimitedKelsey Traynor/Dominic Barretto/Philip Tel: +44(0)7799 003 220Ranger 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. In 2012 the Group acquired the entirelibrary of rights to the Men & Motors channel from Granada/ITV. Additionally,One Media makes its library of content available for synchronisation purposesfor TV shows, movies, adverts, games and websites. One Media focuses on musicperformed by well-known artists or songs 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 and over 1,000 hours ofclassical music. The Groups visual content includes the 3000 Men & Motorsprograms, Skippy the Bush Kangaroo, the early Sooty Shows and over 3000nostalgic pop music videos, all exploited via YouTube. The Group does not invest in new bands or untested music. One Media iseligible for Enterprise Investment Schemes ("EIS") and Venture Capital Trusts("VCT"). The Group is profitable and has being paying a dividend since July2011.