REG - One Media iP Group - One Media renews its distribution deal

One Media IPAnnouncement

01/09/2023 07:00

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RNS Number : 0197L  One Media iP Group PLC  01 September 2023

1 September 2023

 

One Media iP Group Plc

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

 

                       One Media renews its distribution
deal with a US$1 million advance

 

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 renewed its partnership
with its music distribution company (the "Distributor").

 

The new agreement includes a US$1 million recoupable advance (the "Advance")
to One Media and will be drawn down by the Company immediately. The Advance
will be used to enhance catalogue enrichment.

 

The Advance is recoupable by the Distributor against future sales by the
Company. In the event that the requisite income is not met, the Distributor
has the right, at its sole option, to accelerate recoupment of the outstanding
amount.

 

The Distributor aggregates One Media's content to over 202 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. They
perform a crucial role in the monetisation of the rights in One Media's
portfolio.

Michael Infante, CEO of One Media said: "Having worked with The Orchard since
2006, we have an excellent understanding of its market leading distribution
service. Ensuring that our music is widely accessible to fans on digital
platforms is critical to growing streaming numbers, which translate into
revenues for One Media."

 

 

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

One Media is a digital music rights acquirer, publisher and distributor with a
catalogue independently valued at £34.8 million (as at April 2022). 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.

 

 

 

 

 

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