REG - One Media iP Group - OMIP secures US$250k advance from partner

One Media IPAnnouncement

31/01/2025 07:00

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RNS Number : 3567V  One Media iP Group PLC  31 January 2025

31 January 2025

 

One Media iP Group Plc

("One Media" or the "Company")

 

                         One Media secures US$250,000
advance from distribution partner

 

One Media iP (AIM: OMIP), the digital music rights acquirer, publisher and
distributor which specialises in the active monetisation of music and video
intellectual property rights, announces that, further to the announcement of 1
September 2023, The Orchard, its music distribution company (the
"Distributor"), has provided a further advance to One Media  of US$250,000
(the "Advance"), which has been received by the Company.

 

The Advance, which was successfully negotiated at a favourable currency
exchange rate delivering optimum value for the Company, is recoupable by the
Distributor against future sales by the Company. The Advance will be used to
expand activities in the normal course of business.

 

The Distributor aggregates One Media's content to over 240 territories
globally, including to the major Digital Service Providers (DSP) such as
Spotify, Apple Music and Amazon Music, Tidal and Deezer and is responsible for
collecting monies in a variety of currencies globally for the Company. It
performs a crucial role in the monetisation of the rights in One Media's
portfolio.

Michael Infante, CEO of One Media said: "This advance from The Orchard
reflects the strength of our near 20 year strategic partnership and the value
that is derived from our collaborative efforts to grow and monetise One
Media's diverse portfolio of evergreen music rights. It also contributes to
our current priority of rebuilding the Company's cash reserves with our
renewed focus on our core business of digital copyrights."

 

 

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 JP                                  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 / Ludovico Lazzaretti                   Tel: +44 (0)20 7213 0880

 Cavendish                                           Broker
 Charlie Coombe / Giles Balleny (Corporate Finance)  Tel: +44 (0)20 7397 8900

 Michael Johnson Dale Bellis (sales)

 Claire Turvey, Fourth Pillar                        Financial PR

                                                     Tel: +44 (0)7850 548 198

 

 

About One Media iP Group plc

One Media iP Group plc is a leading digital music rights acquirer, publisher
and distributor. The Group specialises in the acquisition and exploitation of
music and video intellectual property rights. Listed on AIM, the Group is
committed to driving value through the acquisition and management of
high-quality IP assets.

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

 

 

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