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Acquisition and Notice of Preliminary Results

29 Jan 2014 07:00

ONE MEDIA IP GROUP PLC - Acquisition and Notice of Preliminary Results

ONE MEDIA IP GROUP PLC - Acquisition and Notice of Preliminary Results

PR Newswire

London, January 28

29 January 2014 One Media IP Group Plc ("One Media" or the "Group") Acquisition of Lumi Entertainment Ltd's Digital Revenue Stream Notice of Preliminary Results 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 the revenues and profitsgenerated by the Lumi Entertainment Ltd ("Lumi") catalogue of rights ("TheCatalogue") for a consideration of USD$75,000 (seventy five thousand USdollars). The Catalogue contains thousands of recordings performed by various artists anda variety of instrumental light music and classical content from over the last50 years. The Catalogue is currently generating a modest level of income viaits distributor, which the Group will further recompile with its own catalogueof 170,000 music tracks to gain further traction within the digital audiomarket. The Group would also like to take this opportunity to announce that it will bereleasing its preliminary results for the year ended 31st October 2013 on the19th February 2014. Michael Infante, Chief Executive Officer and Chairman of One Media, commented: "As part of our policy of consolidation within our market, this acquisition ofLumi's revenue stream is a perfect fit. The Catalogue is well known to us andhas been exploited digitally since 2011 by Lumi. It has already achieveddigital income revenues over the last few years, which allowed us better toassess its potential within the One Media model. We are constantly looking forincome yielding content within our digital arena to enhance our own catalogueof rights income and increase shareholder value." 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/ Tel: +44(0)7799 003 220Philip Ranger 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-knownartists 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.

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