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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 0.0% 7.25 7.00 7.50 7.25 7.25 7.25 107,464 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 4.0 0.7 0.4 17.3 16

One Media iP Group Plc Acquisition of Rights

22/06/2021 7:00am

UK Regulatory (RNS & others)


 
TIDMOMIP 
 
One Media iP Group Plc 
 
                        ("One Media" or the "Company") 
 
                             Acquisition of Rights 
 
One Media iP Group Plc (AIM: OMIP), the digital music rights acquirer, 
publisher and distributor, is pleased to announce that it has acquired the 
producer royalties to three Heatwave's albums produced by the legendary record 
producer Barry Blue: 'Too Hot To Handle' (1976), 'Central Heating' (1978) and 
'Current' (1982) ("Acquisition"). 
 
One of the UK's most respected musicians - songwriter, producer, and artist 
Barry Blue , has sold his producer royalties to the iconic 1970s disco band 
Heatwave, including the hits ' The Groove Line' (1978), 'Always and Forever' 
(1976), 'Mind-Blowing Decisions' (1978) and the million-selling global smash ' 
Boogie Nights' (1976), credited as one of the defining songs of the disco age. 
 
The Acquisition was completed under One Media's innovative  Harmony iP equity 
release scheme, One Media will use its 'Technical Copyright Analysis Tool' ( 
TCAT) to monitor Barry Blue's songs with Heatwave across 600 digital music 
stores globally, 24 hours a day. 
 
One Media recently closed similar deals with  Take That producer Ian Levine 
and  Culture Club record producer Steve Levine.  In May 2021, the Company 
acquired over  250 songs from 80's pop star Kid Creole and the Coconuts. 
 
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. 
 
Barry Blue said: "I am extremely proud of my work with Heatwave and look 
forward to working with One Media iP to ensure that the legacy and integrity of 
the catalogue is preserved and future-proofed in the best way possible, using 
OMIP's TCAT technology of which is extremely impressive. It's hard to believe I 
am now looking back at a 50-plus year career, and with this new partnership I 
hope to ensure that my music will be heard for generations to come. 
 
"It is important I do as much as I can to protect and promote the legacy of my 
music. It is a lifetime's work and one that I am immensely proud of. Partnering 
with One Media will allow access to their advanced royalty tracking software." 
 
Michael Infante, CEO of One Media iP said: "Barry Blue has created a body of 
work over the last 50 years as a song-writer, producer and artist that few can 
rival. Our deal with his Heatwave catalogue will ensure his legacy is protected 
and preserved for many years to come." 
 
The person who arranged the release of this information is Michael Infante, 
Chief Executive Officer of the Company. 
 
                                    -Ends- 
 
One Media iP Group Plc                                   +44 (0)175 378 5500 
Michael Infante - CEO                                    +44 (0)175 378 5501 
Alice Dyson - COO 
Claire Blunt - Chairman 
 
Cairn Financial Advisers LLP                             +44 (0)20 7213 0880 
(Nominated Adviser) 
Liam Murray 
Jo Turner 
Ludovico Lazzaretti 
 
Cenkos Securities plc (Broker)                           +44 (0)20 7397 8900 
Giles Balleny 
Max Gould 
Michael Johnson (Sales) 
 
PPR Publicity                                             +44 (0)7930 304301 
 
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/ 
 
About Barry Blue 
 
One of the UK's best-selling all-round talents, as a songwriter, producer and 
pop star, Barry Blue has sold more than 45 million records, had approximately 
50 world-wide hits and has registered more than half-a-billion streams. 
 
Barry Blue was first spotted by a young Tim Rice, who worked for Cliff 
Richard's manager Norrie Paramour in 1963, after winning a TV talent show, aged 
just 13. 
 
Barry was formally the bass player in the Band "Spice", who went on to become 
"Uriah Heep". He then went to work with the Bee-Gees to advance his song 
writing, before scoring five UK hits as a solo artist in the early 1970s. Other 
song-writing hits included the No.1 hit from Lynsey de Paul "Sugar Me" (1972), 
Toto Coelo 'I Eat Cannibals' (1982) and Five Star "All Fall Down" (1985), and 
the top 3 hit "Escaping" by Dina Carroll, in 1996. 
 
Blue's production career has included work with Diana Ross, Celine Dion, 
Bananarama, Andrea Bocelli, The Saturdays and Pixie Lott. 
 
 
 
END 
 
 

(END) Dow Jones Newswires

June 22, 2021 02:00 ET (06:00 GMT)

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