One Media iP Group Plc Board Appointments

 
TIDMOMIP 
 
One Media iP Group Plc 
 
                        ("One Media", or the "Company") 
 
                              Board Appointments 
 
The Board of One Media is pleased to announce that Claire Blunt and Brian Berg 
have, subject to normal regulatory due diligence, agreed to be appointed as 
independent non-executive directors of the Company with Claire Blunt as 
Chair-Designate of the Company. A further announcement regarding their 
appointment will be made in due course. 
 
Michael Infante, CEO, said: 
 
"I am delighted to be able to announce our proposed new independent 
non-executive directors and I am pleased to see our proposed new board 
embracing gender diversity which is reflective of our industry. Our proposed 
new independent non-executives bring with them a wealth of experience in both 
the industry sector and in managing strategic growth and I look forward to 
reviewing the direction for our future growth with them. 
 
As soon as the new appointments are formalised the new board intends to conduct 
an extensive review of strategy and formulate a revised business plan; whilst 
the strategy over the past two years has served the Company adequately, myself 
and my fellow executive directors, Alice Dyson-Jones and Steve Gunning, feel it 
is appropriate to review the performance of the business and the wider 
opportunities to monetise our existing assets and experience with a view to 
delivering enhanced shareholder value as a primary goal. 
 
We are unanimously of the view that global and national circumstances of the 
business environment in which we operate (and more widely) have changed and it 
is time to adapt our business model to embrace and maximise the opportunities 
available to the Company. At the same time we intend to maintain a conservative 
financial policy, allowing the Company to be adaptive and agile when 
opportunities present themselves, which may mean a move away from making 
additional catalogue acquisitions funded in whole or in part with comparatively 
expensive debt facilities. 
 
We look forward to updating the market as we develop our new plans". 
 
Claire Blunt, proposed independent non-executive Chair 
 
Claire is currently the chief operating officer and chief financial officer of 
Hearst UK. Prior to her current role Claire was chief financial officer of 
Hearst UK but took on the additional responsibilities of chief operating 
officer in 2017 to expand her role. 
 
Prior to her roles at Hearst UK, Claire has served in lead financial and 
management roles at BrightHouse, Selecta Group, Hobbycraft and Staples. 
 
Brian Berg, proposed independent non-executive director 
 
Brian Berg is Chairman of Eclipse Global Entertainment. 
 
He also holds senior media and music consultancy roles for various major 
companies and is Executive Producer on the hit musical Dreamboats and 
Petticoats. 
 
Prior to this Brian was the President of Universal Music Enterprises and a 
director of Universal Music, which is the biggest record company in the world. 
 
Brian has been chairman of fundraising for the leading music industry charity 
Nordoff Robbins Music Therapy, as well as a governor of the school and is still 
very involved with the charity. 
 
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 
 
Michael Infante - CEO 
 
www.omip.co.uk         [phone] 
 
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] 
 
Charles Goodwin 
 
Dominic Barretto 
 
About One Media iP Group Plc 
 
One Media iP is primarily a music rights owner and digital distributor focused 
on the acquisition and exploitation surrounding recorded music, publishing, the 
writers shares of income and video intellectual property 'Rights'. The Company 
has a deep understanding of digital content and the various industry 
monetisation models and, as such, offers Rights Owners a route in which to 
divest their music IP holding and for investors to share in its potential 
success in corporate growth. 
 
Historically the Company has grown through targeted acquisitions of music 
content, expanding into various genres and territories that stand to see 
increased returns driven by the global growth of streaming. Its team of 
in-house creative technicians then ensure that its existing and newly acquired 
content reaches its full potential for monetisation, by digitising it and 
creating the highest quality metadata prior to ingesting to over 600 digital 
retailers such as iTunes, Spotify, Amazon, YouTube and Google Play globally. In 
addition the Group's music is widely used for synchronization in film, TV and 
digital gaming. The group also operates over 20 You Tube channels as a 
certified partner. 
 
One Media has created and developed the Technical Copyright Analysis Tool 
("TCAT"), a SaaS product monitoring where tracks appear, safeguarding 
copyright, and providing invaluable data regarding distribution opportunities 
for its creative technicians. This tool is not only employed for Company use 
but also licenced and operated in partnership with major music distributors and 
major record labels. 
 
 
 
END 
 

(END) Dow Jones Newswires

November 20, 2019 02:01 ET (07:01 GMT)