REG - One Media iP Group - Acquisition of Rights

One Media IPAnnouncement

05/09/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230905:nRSE3438La&default-theme=true

RNS Number : 3438L  One Media iP Group PLC  05 September 2023

5 September 2023

 

One Media iP Group Plc

("One Media", the "Group" or the "Company")

 

One Media acquires licensor's income share of Entertain Me catalogue including
songs by Gloria Gaynor, The Drifters, Louis Armstrong, Don Williams and James
Brown

 

One Media iP (AIM: OMIP), the digital media content provider which specialises
in the active monetisation of music and video intellectual property rights
together with copyright protection technology, has acquired the licensor's
income share only of the 'Entertain Me' catalogue of rights (the 'Catalogue')
on an in-perpetuity basis.

 

The transaction, which is a material acquisition for the Company and was
funded through existing cash resources, is immediately income accretive and
will enhance both revenues and portfolio NAV. In line with management's
expectations and the Company's business plan, it was completed at an
advantageous earnings multiple.

 

Comprising more than 15,000 tracks, the Catalogue includes songs performed by
a wide range of high profile and enduring artists such as Dean Martin, The
Drifters, Don Williams, Gloria Gaynor, James Brown, Judy Garland, Jose
Carreras, Ray Charles, Jacki Wilson, the Royal Philharmonic Orchestra, The New
England's Children's Choir and Louis Armstrong. The vintage of the Catalogue's
songs range from the 1940's to the 1970's and it is also diversified by genre,
including classical, blues, country, children's music, lullabies, jazz, swing
and disco.

 

The transaction therefore supports the Company's strategy of owning and
managing evergreen music rights that have a proven track record of delivering
long term, recurring income, as well as opportunities to extract additional
value via the Company's deep expertise in rights management.

 

It was undertaken via One Media's Harmony IP asset release programme, which
allows music rights holders advanced access to the future earnings of their
intellectual property by purchasing a portion of their rights upfront. The
initiative is open to all of the Company's licensor partners and allows One
Media to increase its profitability using its resources to acquire additional
royalty streams.

 

Since 2009, the Catalogue has been distributed by the Group's preferred and
long-term distribution partner, The Orchard, which continues to ensure that
the tracks are available to fans and listeners across all of the known digital
platforms, including Amazon Music, Apple Music and Spotify among others.

 

Michael Infante, CEO of One Media iP, commented: "This acquisition not only
gives us income exposure to new songs in our sweet spot of music nostalgia, it
also allows us to strategically consolidate certain income streams where we
also have a portfolio exposure to some of the tracks in the Entertain Me
catalogue. It also adds a proven new revenue source at an attractive
multiple."

 

 

ENDS

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation. The person who arranged the release of this
information is Michael Infante, Chief Executive Officer of the Company.

 

For further information, please contact:

 

 One Media IP Group Plc
 Michael Infante                                Chief Executive

                                                Tel: +44 (0)175 378 5500

 Claire Blunt                                   Chairman

                                                Tel: +44 (0)175 378 5501

 Cairn Financial Advisers LLP                   Nominated Adviser
 Liam Murray / Jo Turner / Ludovico Lazzaretti  Tel: +44 (0)20 7213 0880

 Cenkos Securities plc                          Broker
 Max Gould/Giles Balleny (Corporate Finance)    Tel: +44 (0)20 7397 8900

 Michael Johnson (Sales)

 Claire Turvey, Fourth Pillar                   Financial PR

                                                Tel: +44 (0)7850 548 198

 

About One Media iP Group Plc

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
copyright infringement and digital music audit tool software TCAT is used by
major record labels and the world leading digital international distributor.
Men & Motors, the Company's branded car channel, is now available via
YouTube www.youtube.com/channel/UCNLiybn_9jgQaV0NZlSRwCg
(https://www.youtube.com/channel/UCNLiybn_9jgQaV0NZlSRwCg)

One Media is listed on the AIM Market of the London Stock Exchange under the
ticker 'OMIP'.

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

 

Caution regarding forward looking statements

 

Certain statements in this announcement, are, or may be deemed to be, forward
looking statements. Forward looking statements are identified by their use of
terms and phrases such as ''believe'', ''could'', "should" ''envisage'',
''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect",
''will'' or the negative of those, variations or comparable expressions,
including references to assumptions. These forward-looking statements are not
based on historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of operations,
performance, future capital and other expenditures (including the amount,
nature and sources of funding thereof), competitive advantages, business
prospects and opportunities. Such forward looking statements reflect the
Directors' current beliefs and assumptions and are based on information
currently available to the Directors.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCEAENLELPDEAA