REG-One Media iP Group Plc: Acquisition of Music Catalogue

One Media IPAnnouncement

25/02/2019 07:05

One Media iP

("One Media", or “OMiP” or the "Company")

Acquisition of Music Catalogue – Locomotive Records

One Media iP Group Plc (AIM: OMIP), the digital media content provider that
exploits intellectual property rights around music, video and copyright
technology, is pleased to announce that it has acquired the music catalogue of
Locomotive Records, an independent record label based in Spain, for a total
consideration of US $750,000, of which US $550,000 is to be paid immediately
with a further US $200,000 in deferred payment. The total consideration is to
be satisfied with the Company’s existing cash resources.

The Locomotive catalogue comprises circa 1,500 progressive, global rock
recordings from various Spanish bands, notably including tracks from the
highly acclaimed Spanish folk metal band, Mägo de Oz, with whom the Company
has entered into a direct artist royalty agreement. The content will be
distributed by One Media’s distribution partner, the Orchard.

Mägo de Oz (Spanish for ‘Wizard of Oz’), from Begoña, Madrid, was formed
in 1988 and became well known for possessing a strong Celtic influence in its
songs, produced by the consistent use of violins and flutes. The band is
still active and touring, playing over 60 dates in 2018 across Europe and
Latin America, both key areas of growth for the streaming market. The band has
1.3m monthly listeners on Spotify and its top performing tracks, including
‘Fiesta Pagana’ (with over 100m YouTube streams), ‘Molinos de Viento’
and ‘Hasta Que El Cuerpo Aguante’, have become firm favourites throughout
Latin America, USA and Spain. 

Mägo de Oz management commented: “We are very pleased to be working with
One Media with our back catalogue and look forward to our legacy recordings
benefiting from their enhanced distribution.”

Michael Infante, CEO of One Media iP, commented: “I am pleased to announce
this exciting catalogue acquisition. Mägo de Oz are renowned within the
Hispanic community and this acquisition expands One Media’s music genres in
line with digital demands globally. This is a very exciting development for us
as we see new territories opening and the expansion of our global
audiences.” 

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014.

 One Media iP Group Plc                                                                                               
 Michael Infante - Chief Executive Ivan Dunleavy - Chairman  www.omip.co.uk   +44 (0)175 378 5501 +44 (0)175 378 5500 
                                                                                                                      
 Cairn Financial Advisers LLP (Nominated Adviser)                                                 +44 (0)20 7213 0880 
 Liam Murray Jo Turner Ludovico Lazzaretti                                                                            
                                                                                                                      
 Panmure Gordon (UK) Ltd (Broker)                                                                 +44 (0)20 7886 2500 
 James Stearns                                                                                                        
                                                                                                                      
 Yellow Jersey PR (PR & IR)                                                                       +44 (0)20 3004 9512 
 Georgia Colkin Joe Burgess                                                                                           
                                                                                                                      

About One Media iP Group Plc

One Media is a UK listed digital media content provider that exploits
intellectual property rights around music, video and copyright technology.
Driven by the growth in streaming, the Company is dedicated to expanding the
business through acquisition of new content and promotion of its existing
catalogue.

The Company’s consumer-led B2B operation exploits a growing collection of
music and video content by recompiling it for sale via more than 600 digital
music and video store groups across the globe. 

One Media focuses on music performed by well-known artists from every genre,
from classical through to R&B as well as stand-up comedy and spoken word. The
Company also owns the rights to Men & Motors, available for viewing on One
Media’s YouTube Channel. One Media’s library of content is available for
TV shows, movies, adverts and websites requiring synchronised music.

Additionally, the Company has developed the Technical Copyright Analysis Tool
(“TCAT”). TCAT is a SaaS platform developed as a means of automating the
difficult and time consuming task of monitoring for unauthorised use of
digital music releases.

For further information: www.omip.co.uk



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