REG-One Media iP Group Plc: Acquisition of Kid Creole and the Coconuts

One Media IPAnnouncement

04/05/2021 07:05

One Media iP Group Plc

("One Media” or the "Company")

Acquisition of Kid Creole and the Coconuts producer royalties

One Media iP Group Plc (AIM: OMIP), the digital music rights acquirer,
publisher and distributor, announces that it has acquired the writer’s share
to the royalties of over 250 tracks of Kid Creole and the Coconuts
(“Acquisition”), an American band created by August Darnell, that
transcends the essence of ‘Tropical Cool’.

The Acquisition includes the writer’s share of Kid Creole and the
Coconut’s best known music tracks, as well as “Annie I’m Not Your
Daddy”. The Acquisition has been funded through the Company’s existing
cash resources.  The Acquisition is in line with management’s expectations
and the Company’s business plan.

The Acquisition adds to One Media’s recurring income model and has been
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.

Kid Creole and his band, The Coconuts, have enjoyed over four decades of
worldwide hits, having released over 15 albums and 27 singles during that
time.  His LP 'Tropical Gangsters' sold over 100,000 copies in 1982 and went
on to gain him a prestigious Brit Award Winner for International Artist in
1983.  His music has stood the test of time, engaging a new generation of
fans on digital platforms.  On Spotify alone he commands over 154,000
listeners monthly and his chart-topping hit “Annie, I’m Not your Daddy”
has been streamed over 4 million times as at 30 April 2021.

Kid Creole and the Coconuts introduced Latin, Calypso and Jive to a brand-new
audience, crossing genres and breaking boundaries throughout their always
uplifting releases.  Their UK top ten hits included “Stool Pigeon”,
“Annie, I’m Not your Daddy” and “I’m a Wonderful Thing Baby”.

August Darnell, the founder of Kid Creole and the Coconuts commented: "I
started Kid Creole and the Coconuts in 1979.  I had no idea then that I was
destined to enjoy success around the world for the next 40 years.  With the
team at One Media iP and their Harmony iP initiative I have now ensured my
musical legend will continue for another 40 years."

Michael Infante, CEO of One Media iP, commented: “We are delighted to
announce our third acquisition of the year executed through our innovative
Harmony iP programme. The Kid has been a delight to work with and we look
forward to many years of close association with him.  I want to say, “who
is the Daddy?” but that would be too corny.”

“Acquisitions such as these continue to add value to our business through a
recurring revenue model and as such, we have a strong pipeline of future
acquisition targets for 2021.  Furthermore, our proprietary market leading
anti-piracy TCAT software, can underpin and police the future integrity of
artists income by assuring that all uses of tracks under our umbrella are
protected and enforced and that all reporting of usage is carefully monitored.
 This is a significant advantage for One Media when securing royalty
acquisitions such as these, and a huge positive for all parties involved in
the income chain of rights monetisation.”

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.

-Ends-

 One Media iP Group Plc Michael Infante – CEO Alice Dyson - COO Claire Blunt – Chairman       +44 (0)175 378 5500 +44 (0)175 378 5501 
 Cairn Financial Advisers LLP (Nominated Adviser) Liam Murray Jo Turner Ludovico Lazzaretti                       +44 (0)20 7213 0880 
 Cenkos Securities plc (Broker) Max Hartley Max Gould Michael Johnson (Sales)                                     +44 (0)20 7397 8900 
 PPR Publicity                                                                                                     +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 connected Wi-Fi enabled smart TV’s via its web site
www.menandmotors.com and YouTube.

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 and
http://www.harmonyip.com/



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