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

One Media IPAnnouncement

19/09/2019 07:05

                19 September 2019

One Media iP Group Plc

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

Music Catalogue Acquisition – Philip Wesley

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 entire music
catalogue to date of American composer and solo piano artist Philip Wesley,
for a total cash consideration of US $4.15m, satisfied upon full execution of
the agreement. An additional US $100,000 cash consideration will be payable on
the date falling one year from the date of execution of the agreement, subject
to certain deliverables contained within the agreement.

Philip Wesley’s solo piano recordings have won him acclaim since his musical
debut in 2002. His compositions have been played on radio around the world,
have featured in film and are listed on all popular streaming platforms
including Spotify, iTunes, Amazon and Pandora.

One Media has acquired both publishing and master rights in the 72 recordings
composed and performed by Wesley. In 2018 his recordings were streamed more
than 150 million times worldwide, with the top ten tracks enjoying 68 million
streams on Spotify. The compositions being acquired were self-published by
Wesley and, as such, the revenues generated will include publisher fees that
the Company will now enjoy.

This is the Company’s largest IP acquisition to date and its fifth catalogue
acquisition since the beginning of 2019, bringing the total combined value of
acquisitions for the calendar year to US $6.85m (£5.70m). This deal continues
One Media’s expansion and diversification through the acquisition of music
IP rights, which have proven earnings history and potential for streaming
revenue growth.

Classical music sales have risen 10.20% with streaming now accounting for 63%
up 42% in 2018 and part of that growth is attributable to the booming
Classical Crossover segment, which adopts strong classical influences and
continues to be an accessible and popular sound, reaching out to wider
audiences.

Philip Wesley is an award winning best-selling solo piano artist. His music
has featured in radio, TV, film and print and can be found on many of
today’s most popular platforms including Pandora, Spotify, iTunes, Amazon. 
His music is popular in the ‘New Age’ genre and has reached #1 on the
iTunes charts, The Top 100 on Amazon, #1 on Amazon New Age Music, Best Seller
at CD Baby, and on multiple Billboard Charts, including #2 (New Age Albums
Chart) #12 (New Age Catalog Chart) and #14 (Billboard Heat Seekers Album
Chart). Music reviewer ‘Reviews New-Age’ hailed Wesley’s ‘Dark Night
of the Soul’, as one of the “50 Greatest New-Age Albums of All Time”.

Michael Infante, CEO of One Media, commented:  “We are delighted to have
acquired both the publishing and master rights to the entire catalogue of such
a distinguished new age piano artist. This acquisition is our largest IP deal
and is firmly in line with our strategy of acquiring catalogues with proven
popularity, longevity and growth in streaming revenue.

“Contemporary classics have a steady position within the emerging streaming
markets across all age genres. Wesley’s piano recordings are a fantastic
addition to our collection, further broadening the range of One Media’s
catalogue. His compositions continue to find success through the growth of
streaming, proving particularly popular in playlists on the likes of Spotify
and Pandora, however we intend to boost that success by actively exploiting
the catalogue to ensure it is most effectively monetised.

“The Board sees further market opportunity to acquire attractive music
rights which may add to our growing pipeline of potential deals.”

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

*Figures released by UK record labels association the British Phonographic
Industry

 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 
 Charles Goodwin Dominic Barretto                                                                                     
                                                                                                                      

About One Media iP Group Plc

One Media iP is primarily a music rights owner and digital
distributor focused on the acquisition and exploitation surrounding recorded
music, publishing, the writers shares of income and video intellectual
property 'Rights'. The Company has a deep understanding of digital content and
the various industry monetisation models and, as such, offers Rights Owners 
a route in which to divest their music IP holding and for investors to share
in its potential success in corporate growth.

The Company is growing through targeted acquisitions of music content,
expanding into various genres and territories that stand to see increased
returns driven by the global growth of streaming. Its team of in-house
creative technicians then ensure that its existing and newly acquired content
reaches its full potential for monetisation, by digitising it and creating the
highest quality metadata prior to ingesting to over 600 digital retailers such
as iTunes, Spotify, Amazon, YouTube and Google Play globally. In addition the
Groups music is widely used for synchronization in film, TV and digital
gaming. The group also operates over 20 You Tube channels as a certified
partner.

One Media has created and developed the Technical Copyright Analysis Tool
(“TCAT”), a SaaS product monitoring where tracks appear, safeguarding
copyright, and providing invaluable data regarding distribution opportunities
for its creative technicians. This tool is not only employed for Company use
but also licenced and operated in partnership with major music distributors
and major record labels.

For further information: www.omip.co.uk



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