One Media iP Group Plc Acquisition of Kid Creole and the Coconuts

 
TIDMOMIP 
 
One Media iP Group Plc 
 
                        ("One Media" or the "Company") 
 
         Acquisition of Kid Creole and the Coconuts producer royalties 
 
One Media iP Group Plc (AIM: OMIP), the digital music rights acquirer, 
publisher and distributor, announces that it has acquired the writer's share to 
the royalties of over 250 tracks of Kid Creole and the Coconuts 
("Acquisition"), an American band created by August Darnell, that transcends 
the essence of 'Tropical Cool'. 
 
The Acquisition includes the writer's share of Kid Creole and the Coconut's 
best known music tracks, as well as "Annie I'm Not Your Daddy". The Acquisition 
has been funded through the Company's existing cash resources.  The Acquisition 
is in line with management's expectations and the Company's business plan. 
 
The Acquisition adds to One Media's recurring income model and has been 
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. 
 
Kid Creole and his band, The Coconuts, have enjoyed over four decades of 
worldwide hits, having released over 15 albums and 27 singles during that time. 
 His LP 'Tropical Gangsters' sold over 100,000 copies in 1982 and went on to 
gain him a prestigious Brit Award Winner for International Artist in 1983.  His 
music has stood the test of time, engaging a new generation of fans on digital 
platforms.  On Spotify alone he commands over 154,000 listeners monthly and his 
chart-topping hit "Annie, I'm Not your Daddy" has been streamed over 4 million 
times as at 30 April 2021. 
 
Kid Creole and the Coconuts introduced Latin, Calypso and Jive to a brand-new 
audience, crossing genres and breaking boundaries throughout their always 
uplifting releases.  Their UK top ten hits included "Stool Pigeon", "Annie, I'm 
Not your Daddy" and "I'm a Wonderful Thing Baby". 
 
August Darnell, the founder of Kid Creole and the Coconuts commented: "I 
started Kid Creole and the Coconuts in 1979.  I had no idea then that I was 
destined to enjoy success around the world for the next 40 years.  With the 
team at One Media iP and their Harmony iP initiative I have now ensured my 
musical legend will continue for another 40 years." 
 
Michael Infante, CEO of One Media iP, commented: "We are delighted to announce 
our third acquisition of the year executed through our innovative Harmony iP 
programme. The Kid has been a delight to work with and we look forward to many 
years of close association with him.  I want to say, "who is the Daddy?" but 
that would be too corny." 
 
"Acquisitions such as these continue to add value to our business through a 
recurring revenue model and as such, we have a strong pipeline of future 
acquisition targets for 2021.  Furthermore, our proprietary market leading 
anti-piracy TCAT software, can underpin and police the future integrity of 
artists income by assuring that all uses of tracks under our umbrella are 
protected and enforced and that all reporting of usage is carefully monitored. 
 This is a significant advantage for One Media when securing royalty 
acquisitions such as these, and a huge positive for all parties involved in the 
income chain of rights monetisation." 
 
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. 
 
                                    -Ends- 
 
One Media iP Group Plc                                   [phone] 
Michael Infante - CEO                                    [phone] 
Alice Dyson - COO 
Claire Blunt - Chairman 
 
Cairn Financial Advisers LLP                             [phone] 
(Nominated Adviser) 
Liam Murray 
Jo Turner 
Ludovico Lazzaretti 
 
Cenkos Securities plc (Broker)                           [phone] 
Max Hartley 
Max Gould 
Michael Johnson (Sales) 
 
PPR Publicity                                             [phone] 
 
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 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 
connected Wi-Fi enabled smart TV's via its web site www.menandmotors.com and 
YouTube. 
 
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

May 04, 2021 02:00 ET (06:00 GMT)