Acquisition of Rights
One Media iP Group Plc
("One Media" or the "Company")
Acquisition of Orbital Digital Ltd/Rapier Music's
income from its catalogue royalties
One Media iP Group Plc (AIM: OMIP), the digital music rights acquirer, publisher and distributor, is pleased to announce that it has acquired the licensor's share of the royalties to the Orbital Digital Ltd catalogue of rights ('the Catalogue'), which contains several thousands of recordings.
As part of the deal, One Media has acquired the licensor's income share of the catalogue on an in-perpetuity basis, which opens a new route of income and profit for the group. Distributed by FUGA, the Dutch content distributor which will additionally be a new distributor to the group for this catalogue.
Orbital/Rapier Music features more than 40 branded labels across all the known digital platforms; African Lives, All About Blues, Travelscape Records, The Music Shed, Rapier Music, and Sunflash to name just a few of the imprints.
The Catalogue ranges from classical through to Dance/Hip Hop and features a wide range of artists such as; Jose Carreras, Jo Jo Adams, Kool & the Gang, Irish Tenor Trio, Alexandra O'Neal, Joe Strummer, Sid Vicious, Chic, Lee Perry, The Lambrettas, Dread Filmstone, Sex Pistols, Suketu, Col Abram, Psy-Co-Billy, Rachel Porter's all female Orchestra, Ebn ozn.
The acquisition, which was in the normal course of business and is in line with management's expectations and the Company's business plan, was completed through One Media's Harmony IP asset release programme. Harmony IP allows music rights holders advanced access to the future earnings of their intellectual property by purchasing a portion of their rights upfront. www.harmonyip.com
Michael Infante, CEO of One Media iP, commented: "We have been a licensee of Orbital's sister company for over 15 years and have had a successful trading relationship. We have distributed under license their copyrights, and this move of buying out their own routes to the consumer market begins to consolidate labels competing with the group.
The Harmony IP initiative is open to all of our existing licensors and allows One Media to increase its profitability using its cash resource to acquire our partners' royalty streams. We look forward to keeping the market updated on our progress."
The person who arranged the release of this information is Michael Infante, Chief Executive Officer of the Company.
One Media iP Group Plc
+44 (0)175 378 5500
Cairn Financial Advisers LLP (Nominated Adviser)
+44 (0)20 7213 0880
Cenkos Securities plc (Broker)
Michael Johnson (Sales)
Pete Flatt / PPR Publicity
+44 (0)20 7397 8900
+44 (0)7930 304301
About One Media iP Group Plc
One Media is a digital music rights acquirer, publisher and distributor. The Group specialises in purchasing and monetising intellectual property rights with proven, repeat income streams. One Media adds value to its content by maximising its availability in over 600 digital stores globally, including Apple Music, YouTube, Amazon and Spotify.
One Media's music is also widely used for synchronisation in film and TV whilst its video content is primarily viewed on YouTube where One Media operates over 20 YouTube channels as a certified partner. Additionally, its www.tcat.media copyright infringement and digital music audit tool software TCAT, is used daily with major record labels and the world leading digital international distributor. Men & Motors its branded car channel is now available via YouTube www.youtube.com/channel/UCNLiybn_9jgQaV0NZlSRwCg
One Media is listed on the London Stock Exchange on the AIM index, under the symbol 'OMIP'.