RCS - One Media iP Group - Acquisition of Take That producer royalties

One Media IPAnnouncement

18/01/2021 07:00

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RNS Number : 9127L  One Media iP Group PLC  18 January 2021

18 January 2021

 

One Media iP Group Plc

("One Media" or the "Company")

 

Acquisition of Take That producer 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
producer royalties of a selection of tracks by one of the most renowned pop
groups in the United Kingdom, Take That, from Ian Levine, British songwriter,
producer and DJ.

 

Take That has achieved 28 top 40 singles and 17 top 5 singles in the UK
Singles Chart since the band's formation in Manchester in 1990, 12 of which
have reached number one, including 'Back for Good' and 'Greatest Day'. The
Group has also had 8 number one albums on the UK Albums Chart.
Internationally, Take That has had 56 number one singles and 39 number one
albums, and has received 8 Brit Awards and an Ivor Novello Award.

 

As part of the deal, One Media has acquired the producer royalties of great
hits 'A Million Love Songs', 'Could It Be Magic' and 'I Found Heaven', all
from Take That's 1992 debut studio album, Take That & Party, which has
been certified two-times platinum in the UK. The Company has also acquired the
producer royalties of two other recorded Take That tracks which have never
been released.

 

The acquisition, which was for a modest consideration, 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.

 

Michael Infante, CEO of One Media iP, commented: "2021 has got off to an
excellent start for One Media with our acquisition of the producer royalties
of these Take That smash hits from Ian Levine, with whom we have worked
closely since 2006 after signing our first digital deal for his Motorcity
Records and Hi-NRG and Pop recordings.

 

"The acquisition follows our successful £6 million fundraise announced in
August 2020 and marks the first of a strong pipeline of deals to be executed
through our innovative Harmony IP programme. Given the current global crisis
and corresponding impact on the live music sector, we have found an increasing
number of artists are evaluating alternative income opportunities and are
looking favourably upon our initiative.

 

"We remain focused on building momentum and scaling the business, and look
forward to keeping the market updated on our progress."

 

 

-Ends-

 

 One Media iP Group Plc          +44 (0)175 378 5500

 Michael Infante - CEO

 Claire Blunt - Chairman         +44 (0)175 378 5501

 Cenkos Securities plc (Broker)  +44 (0)20 7397 8900

 Max Hartley

 Max Gould

 Michael Johnson (Sales)
 Yellow Jersey PR (PR & IR)      +44 (0)20 3004 9512

 Charles Goodwin

 Annabel Atkins

 

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, TV and
digital gaming whilst its video content is primarily viewed on YouTube where
One Media operates over 20 YouTube channels as a certified partner.

 

One Media is listed on the London Stock Exchange on the AIM index, under the
symbol 'OMIP'.

 

For further information, please visit www.omip.co.uk (http://www.omip.co.uk)
 and http://www.harmonyip.com/ (http://www.harmonyip.com/)

 

 

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