One Media iP Group Plc Acquisition of 21 Vision catalogue royalties

 
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                           [phone] 
Michael Infante - CEO 
Claire Blunt - Chairman                          [phone] 
 
Cairn Financial Advisers LLP (Nominated Adviser) [phone] 
Liam Murray 
Jo Turner 
Ludovico Lazzaretti 
 
Cenkos Securities plc (Broker)                   [phone] 
Max Hartley 
Max Gould 
Michael Johnson (Sales) 
 
Yellow Jersey PR (PR & IR)                       [phone] 
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 
 
 

(END) Dow Jones Newswires

February 10, 2021 02:00 ET (07:00 GMT)