Last checked at 13 Nov 2018 07:00
One Media iP Group Plc - Trading StatementOne Media iP Group Plc - Trading Statement
PR Newswire
London, November 12
13 November 2018
One Media iP
("One Media", or “OMiP” or the "Company")
Trading Statement
One Media iP Group Plc (AIM: OMIP), the digital media content provider that exploits intellectual property rights around music, video and copyright technology, is pleased to provide the following update on trading.
At the time of the Company’s Interim Results, the Board reported continued strong trading and healthy cash position. Following the recent successful fundraising, the current period is pivotal as the Company continues to exploit and take full advantage of the ongoing shift towards streaming.
Before related fundraising transaction costs, the Board is pleased to report that trading is in line with expectations for the year ended 31 October 2018.
The Company’s full year results are expected to be released in March 2019 and the Board looks forward to the future with confidence.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 and the person who arranged for release of this announcement on behalf of the Company was Steve Gunning, Company Secretary.
| One Media iP Group Plc | |
| Michael Infante - Chief Executive Ivan Dunleavy - Chairman www.omip.co.uk | +44 (0)175 378 5501 +44 (0)175 378 5500 |
| Cairn Financial Advisers LLP (Nominated Adviser) | +44 (0)20 7213 0880 |
| Liam Murray / Jo Turner | |
| Panmure Gordon (UK) Limited (Broker) | +44 (0)20 7886 2500 |
| James Stearns | |
| Yellow Jersey (PR & IR) | +44 (0)20 3735 8825 |
| Georgia Colkin Joe Burgess | |
About One Media iP Group Plc
One Media is a UK listed digital media content provider that exploits intellectual property rights around music, video and copyright technology. Driven by the growth in streaming, the Company is dedicated to expanding the business through acquisition of new content and promotion of its existing catalogue.
The Company’s consumer-led B2B operation exploits a growing collection of music and video content by recompiling it for sale via more than 600 digital music and video store groups across the globe.
One Media focuses on music performed by well-known artists from every genre, from classical, Rock, Pop through to Soul and R&B as well as celebrity spoken word. The Company also owns the rights to Men & Motors, available for viewing on One Media’s YouTube Channel. One Media’s library of content is available for TV, movies, adverts and websites requiring synchronised music.
Additionally, the Company has developed the Technical Copyright Analysis Tool (“TCAT”). TCAT is a SaaS platform developed as a means of automating the difficult and time consuming task of monitoring for unauthorised use of digital music releases.
For further information: www.omip.co.uk