One Media iP Group Plc Acquisition of 21 Vision catalogue royalties
February 10 2021 - 2:00AM
UK Regulatory
TIDMOMIP
10 February 2021
One Media iP Group Plc
("One Media" or the "Company")
Acquisition of 21 Vision catalogue royalties
One Media iP Group Plc (AIM: OMIP), the digital music rights acquirer,
publisher and distributor, is pleased to announce that it has acquired the
licensor's share of the royalties to the 21 Vision catalogue of rights ('the
Catalogue'), which contains over 2,000 recordings from some of the all-time
music greats from over the last seven decades.
Since 2009, the 21 Vision catalogue has been licensed to One Media on a
royalty-sharing basis. As part of the deal, One Media has acquired the
licensor's royalty share of the catalogue on an in perpetuity basis, which
allows the Company to continue to exploit the catalogue via all of its digital
mediums and collect all revenues associated with the licence.
The Catalogue includes rare music concerts and live recordings performed
by over 70 artists who, since the digital era began, have a renewed popularity
as they are rediscovered by growing global audiences. Such performers include
Glenn Millar, The Andrews Sisters, The Ink Spots, Vera Lynn, Count Basie,
Flanagan & Allen and Cole Porter, music reminiscent of the Dads Army generation
(over 60+) whose age group now form 29% of digital streaming consumers
according to Statista.
The acquisition, which was in the normal course of business, was 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.
www.harmonyip.com
Michael Infante, CEO of One Media iP, commented: "We have worked with 21 Vision
for 12 years, marketing their music catalogue on a royalty sharing basis. By
buying out the licensor's royalty share, One Media secures the rights to the
catalogue on an in-perpetuity basis, whilst also increasing its margin by
taking a bigger share of the royalty.
The Harmony IP initiative is open to all of our existing licensors, and allows
One Media to increase its profitability using its cash resource to acquire our
partners' royalty streams. We look forward to keeping the market updated on our
progress."
-Ends-
This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014. The person who arranged the release of this information
is Michael Infante, Chief Executive Officer of the Company.
One Media iP Group Plc +44 (0)175 378 5500
Michael Infante - CEO
Claire Blunt - Chairman +44 (0)175 378 5501
Cairn Financial Advisers LLP (Nominated Adviser) +44 (0)20 7213 0880
Liam Murray
Jo Turner
Ludovico Lazzaretti
Cenkos Securities plc (Broker) +44 (0)20 7397 8900
Max Hartley
Max Gould
Michael Johnson (Sales)
Yellow Jersey PR (PR & IR) +44 (0)20 3004 9512
Felicity Winkles
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, TV and
digital gaming whilst its video content is primarily viewed on YouTube where
One Media operates over 20 YouTube channels as a certified partner.
Additionally the Company's Men & Motors TV series is now available on Kepang
connect TV. www.menandmotors.com
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/
END
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