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OMIP One Media Ip Group Plc

4.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
One Media Ip Group Plc LSE:OMIP London Ordinary Share GB00B1DRDZ07 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.00 3.80 4.20 4.00 3.76 4.00 1,000 08:00:17
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 5.13M 438k 0.0020 20.00 8.9M

One Media iP Group Plc AGM Statement

27/03/2018 7:00am

UK Regulatory


 
TIDMOMIP 
 
One Media iP Group Plc 
 
                  ("One Media", the "Group" or the "Company") 
 
                                 AGM Statement 
 
One Media iP Group Plc (AIM: OMIP), a digital and technical media content 
provider, which consolidates, exploits and monetises intellectual property 
rights around music and video, announces that at today's Annual General 
Meeting, Michael Infante, Chairman for the Meeting, will make the following 
statement: 
 
Chairman's statement: 
 
"I am delighted to be standing in front of you all today presenting improved 
results compared to last year. Revenues were up 14% from GBP2.0m (2016) to GBP2.3m 
and the profit increased to GBP0.3m. Our EBITDA reflects this recovery at over GBP 
0.5m and cash balances have improved to just under GBP0.4m and have further 
increased post period end. 
 
"A year ago I reiterated my confidence in streaming and that of the music 
industry at large and this has proven to be key in our corporate financial 
turnaround. As consumers continue to change their music buying habits, and 
embrace the streaming services provided by the major streaming sites such as 
Apple Music, Spotify and Amazon, devices like the Amazon Echo (Alexa) or 
Google's Home, provide a brand new experience in daily audio consumption and 
are providing another rapid paradigm shift in subscription funded 
listening.  These devices completely liberate our music libraries and really 
integrate them into our surroundings making music once again an amplified 
sound-sharing exchange, as opposed to a personal headphone experience. 
 
"This technology-led evolution will ensure that the industry will reap the 
benefits and enjoy sustained long-term growth. It also amplifies our mission 
statement that 'content is still king' and that device ingenuity and creativity 
requires a mixed offering of content (nostalgic and contemporary) to provide to 
its exacting and varied consumers of all demographics. 
 
"Operationally, we have seen major advances as we aligned ourselves with the 
predicted growth path of the music and video industry over the next five years. 
Our core business is still audio based but as we grow we can fully expect to 
see an increase in revenues coming from a proactive sales initiative from the 
Group's video library into emerging territories such as Russia, India and 
China. Our Men & Motors back catalogue and newly formatted show initiative has 
found a partnership with industry specialists Global Genesis Group, a TV & Film 
distributor based in North America, who are tasked with finding the sponsorship 
and broadcasters for a new Men & Motors show format developed in the UK. 
 
"Our in-house built proprietary software, TCAT signed its first major record 
industry distributor. The service is still in its early days and development 
continues on this unique software music copyright discovery tool. The Group has 
resourced its technical team with additional in-house software developers to 
underpin the growth of the program.  Post year-end we were pleased to announce 
that TCAT had signed an additional international major record label and that 
the service has now commenced. 
 
"Finally, I cannot fail to mention the proposed appointments of investors Lord 
Michael Grade and Ivan Dunleavy to our board of directors. Both bring with them 
a wealth of experience and City support. 
 
"I said last year that 2018/9 was going to be a turnaround year for the Group, 
I can say that as the repositioning of the Group continues, the real corporate 
initiatives are only just beginning. As confidence returns into our sector we 
anticipate further acquisitions in keeping with our original buy and build 
strategy. Music, video and publishing opportunities, will all be on our radar." 
 
For further information, please contact: 
 
One Media iP Group Plc 
Michael Infante, Chairman and Chief Executive    +44 (0)175 378 5501 
Alice Dyson-Jones, Communications                +44 (0)175 378 5500 
 
Cairn Financial Advisers LLP (Nominated Adviser) 
Liam Murray, Jo Turner                           +44 (0)20 7213 0880 
 
Panmure Gordon (UK) Ltd (Broker) 
James Stearns                                    +44 (0)20 7886 2500 
 
Luther Pendragon Ltd (Financial PR) 
Harry Chathli, Claire Norbury                    +44 (0)20 7618 9100 
 
Notes to Editors 
 
Based at Pinewood Studios, One Media is an 'intellectual property' (IP) owner 
and/or controller of rights within the digital arena concerning music, video 
and digital distribution. It is a B2B (business-to-business) operation, that is 
consumer led which looks to exploit its catalogue of over 250,000 music tracks 
and over 10,000 hours of video by recompiling its content for download, 
streaming and sub licensing through over 600 digital music and video stores 
worldwide. 
 
The Group has a team of Creative Technicians, all of whom are YouTube 
certified, who digitise the content, create the metadata, re-compile and 
prepare the digital music & video releases using bespoke in-house developed 
software. Additionally, One Media makes its library of content available for TV 
shows, movies, adverts and websites requiring synchronised music. One Media 
focuses on music performed by well-known artists from every genre, including 
pop, rock, reggae, R&B, children's music, karaoke, jazz, soul, blues, rap, 
hip-hop, gospel and world-music, plus stand-up comedy and spoken-word. In July 
2014 the Group acquired, for a consideration of USD$1.6m, the Point Classics 
classical music library bringing the number to over 10,000 classical tracks now 
available to the Group for exploitation. The Group owns all the rights to the 
Men & Motors (originally Granada/ITV) TV shows originally aired on British TV 
between 1996 and 2010. Comprising over 3,500 shows, Men & Motors is available 
for viewing on the Group's YouTube Channel. 
 
Recently the Group has developed a content discovery and policing software 
service, 'Technical Copyright Analysis Tool' (TCAT), as a new service to record 
companies, publishers and law firms searching information of artists and tracks 
on legitimate digital stores. One Media has been previously eligible for 
Enterprise Investment Schemes ("EIS") and Venture Capital Trusts ("VCT"). 
 
 
 
END 
 

(END) Dow Jones Newswires

March 27, 2018 02:00 ET (06:00 GMT)

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