One Media iP Group Plc Acquisition of Music Catalogue

 
TIDMOMIP 
 
9 April 2019 
 
                                 One Media iP 
 
                   ("One Media", or "OMiP" or the "Company") 
 
        Acquisition of Composition Catalogue - Michael William Dulaney 
 
One Media iP Group Plc (AIM: OMIP), the digital media content provider that 
exploits intellectual property rights around music, video and copyright 
technology, is pleased to announce that it has acquired certain rights relating 
to the composition and writers share of the income in the Michael Dulaney 
catalogue of songs, an American country music songwriter from Nashville, 
Tennessee, for a total consideration of US $850,000, to be satisfied in cash. 
 
The catalogue comprises 93 of Dulaney's songs, including some of his major 
successes such as; 'Fly Over States' 'Tattoos on This Town' and 'Night Train' 
recorded by Jason Aldean, which were all USA Platinum Singles. Additionally, 
'Sunny & 75' by Joe Nichols was a USA gold single and 'Way You Love Me' by 
Faith Hill was an award-winning hit. His highly-acclaimed records 'Bob That 
Head', 'Things That Matter' and 'Close', written for the multi award-winning 
American band, Rascal Flatts, and 'You Can't Hide Beautiful' written for 
Canadian country musician, Aaron Lines, are also included in the catalogue. 
 
Michael Infante, CEO of One Media iP, commented: "We are delighted to announce 
this acquisition, our second in as many months, and to add the iconic catalogue 
of Michael Dulaney to the One Media collection. Michael is an extremely 
talented Grammy Nominated  country music songwriter whose records have received 
a number of significant accolades. The acquisition demonstrates our focus on 
expanding our catalogue strategically, and reflects the growing demand and 
enthusiasm for country music globally as streaming continues to expose 
listeners to an ever-increasing range of genres. 
 
"With a strong pipeline of opportunities still to evaluate, we now look to 
continue building momentum and growing the business, both through further 
acquisitions and the promotion of our existing catalogue." 
 
This announcement contains inside information for the purposes of Article 7 of 
EU Regulation 596/2014. 
 
One Media iP Group Plc 
 
Michael Infante - Chief Executive                         [phone] 
Ivan Dunleavy - Chairman                                  [phone] 
www.omip.co.uk 
 
Cairn Financial Advisers LLP (Nominated Adviser)          [phone] 
 
Liam Murray 
Jo Turner 
Ludovico Lazzaretti 
 
Panmure Gordon (UK) Ltd (Broker)                          [phone] 
 
James Stearns 
 
Yellow Jersey PR (PR & IR)                                [phone] 
 
Georgia Colkin 
Joe Burgess 
 
 
About One Media iP Group Plc 
 
One Media is a UK listed digital media content provider that exploits 
intellectual property rights around music, video and copyright technology. 
Driven by the growth in streaming, the Company is dedicated to expanding the 
business through acquisition of new content and promotion of its existing 
catalogue. 
 
The Company's consumer-led B2B operation exploits a growing collection of music 
and video content by recompiling it for sale via more than 600 digital music 
and video store groups across the globe. 
 
One Media focuses on music performed by well-known artists from every genre, 
from classical through to R&B as well as stand-up comedy and spoken word. The 
Company also owns the rights to Men & Motors, available for viewing on One 
Media's YouTube Channel. One Media's library of content is available for TV 
shows, movies, adverts and websites requiring synchronised music. 
 
Additionally, the Company has developed the Technical Copyright Analysis Tool 
("TCAT"). TCAT is a SaaS platform developed as a means of automating the 
difficult and time-consuming task of monitoring for unauthorised use of digital 
music releases. 
 
For further information: www.omip.co.uk 
 
 
 
END 
 

(END) Dow Jones Newswires

April 09, 2019 02:00 ET (06:00 GMT)