One Media iP Group PLC One Media renews its distribution deal (0197L)
September 01 2023 - 2:00AM
UK Regulatory
TIDMOMIP
RNS Number : 0197L
One Media iP Group PLC
01 September 2023
1 September 2023
One Media iP Group Plc
("One Media", the "Group" or the "Company")
One Media renews its distribution deal with a US$1 million
advance
One Media iP (AIM: OMIP), the digital media content provider
which specialises in the active monetisation of music and video
intellectual property rights together with copyright protection
technology, has renewed its partnership with its music distribution
company (the "Distributor").
The new agreement includes a US$1 million recoupable advance
(the "Advance") to One Media and will be drawn down by the Company
immediately. The Advance will be used to enhance catalogue
enrichment.
The Advance is recoupable by the Distributor against future
sales by the Company. In the event that the requisite income is not
met, the Distributor has the right, at its sole option, to
accelerate recoupment of the outstanding amount.
The Distributor aggregates One Media's content to over 202
territories globally, including to the major Digital Service
Providers (DSP) such as Spotify, Apple Music and Amazon Music,
Tidal and Deezer and is responsible for collecting monies in a
variety of currencies globally for the Company. They perform a
crucial role in the monetisation of the rights in One Media's
portfolio.
Michael Infante, CEO of One Media said: "Having worked with The
Orchard since 2006, we have an excellent understanding of its
market leading distribution service. Ensuring that our music is
widely accessible to fans on digital platforms is critical to
growing streaming numbers, which translate into revenues for One
Media."
ENDS
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.
For further information, please contact:
One Media IP Group Plc
Michael Infante Chief Executive
Tel: +44 (0)175 378
5500
Claire Blunt Chairman
Tel: +44 (0)175 378
5501
Cairn Financial Advisers LLP Nominated Adviser
Liam Murray / Jo Turner / Ludovico Tel: +44 (0)20 7213
Lazzaretti 0880
Cenkos Securities plc Broker
Max Gould/Giles Balleny (Corporate Tel: +44 (0)20 7397
Finance) 8900
Michael Johnson (Sales)
Claire Turvey, Fourth Pillar Financial PR
Tel: +44 (0)7850 548
198
About One Media iP Group Plc
One Media is a digital music rights acquirer, publisher and
distributor with a catalogue independently valued at GBP34.8
million (as at April 2022). 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 copyright infringement and digital music
audit tool software TCAT is used by major record labels and the
world leading digital international distributor. Men & Motors,
the Company's branded car channel, is now available via YouTube
www.youtube.com/channel/UCNLiybn_9jgQaV0NZlSRwCg
One Media is listed on the AIM Market of the London Stock
Exchange under the ticker 'OMIP'.
For further information, please visit www.omip.co.uk and
www.harmonyip.com/
Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed
to be, forward looking statements. Forward looking statements are
identified by their use of terms and phrases such as "believe",
"could", "should" "envisage", "estimate", "intend", "may", "plan",
"potentially", "expect", "will" or the negative of those,
variations or comparable expressions, including references to
assumptions. These forward-looking statements are not based on
historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of
operations, performance, future capital and other expenditures
(including the amount, nature and sources of funding thereof),
competitive advantages, business prospects and opportunities. Such
forward looking statements reflect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors.
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END
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