One Media iP Group PLC TCAT Update (0882E)
July 05 2021 - 2:00AM
UK Regulatory
TIDMOMIP
RNS Number : 0882E
One Media iP Group PLC
05 July 2021
One Media iP Group Plc
("One Media" or the "Company")
TCAT Update
One Media iP Group Plc (AIM: OMIP), the digital music rights
acquirer, publisher and distributor, announces that the Company's
subsidiary TCAT Limited has received advance assurance in relation
to Enterprise Investment Scheme ("EIS") from HM Revenues &
Customs ("HMRC").
TCAT (Technical Copyright Analysis Tool) is a 'Software as a
Service' (SaaS) platform, which was developed in-house at One Media
to detect copyright infringement within legitimate digital music
stores.
As previously announced the Company is seeking to separate TCAT
from the core business. The EIS advance assurance received from
HMRC in relation to TCAT facilitates the Company to seek new
sources of funding to invest in TCAT.
TCAT's next phase of development is to become a leading
anti-piracy service for the music industry. Piracy costs the UK
economy GBP9 billion a year, according to a 2019 report by the
government's Intellectual Property Office.
TCAT currently provides a range of services to two major record
labels and the world's largest media distributor on a retained
basis, and its services are also used by organisations that
represent the interests of the recording industry worldwide.
TCAT Limited is based in Belfast, a leading technology hub with
a large pool of highly qualified employees. TCAT is eligible for
financial government support from the regional development agency,
Invest Northern Ireland.
-Ends-
One Media iP Group Plc
Michael Infante - CEO
Alice Dyson - COO +44 (0)175 378 5500
Claire Blunt - Chairman +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)
Giles Balleny
Max Gould
Michael Johnson (Sales) +44 (0)20 7397 8900
PPR Publicity +44 (0)7930 304301
About One Media iP Group Plc
Notes to editors on TCAT
TCAT, the Technical Copyright Analysis Tool, is a Software as a
Service (SaaS) platform developed as a means of automating the
difficult and time consuming task of monitoring digital music
releases, for instances of unauthorised exploitation. The bespoke
TCAT software is quick and powerful, capable of scanning legitimate
global digital music stores for unauthorised and duplicated
releases, and chart information.
TCAT is the new tool for music labels, especially those with
expansive libraries that would prove difficult to manually monitor.
TCAT will aide that content owners are making the most of all their
music assets.
For music publishers, content ownership is often unlawfully
exploited, in re-recordings by other artists, or for different
languages, without the correct royalties being returned. TCAT can
help find these instances.
For Artists, not only can TCAT discover if their track is being
unlawfully exploited, it can also produce instantaneous reports, on
a global scale. This includes chart information, and global sales,
for targeted marketing, release scheduling on a territorial basis
and ensuring that the owners' content reaches the 167 global
territories currently available.
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 and over 40 other digital store
providers
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 its web site www.menandmotors.com and YouTube
https://www.youtube.com/c/Menandmotors/featured
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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