One Media iP Group Plc Trading Update

 
TIDMOMIP 
 
9 November 2020 
 
                            One Media iP Group Plc 
 
                        ("One Media" or the "Company") 
 
                                Trading Update 
 
One Media iP Group Plc (AIM: OMIP), the digital music rights acquirer, 
publisher and distributor, is pleased to provide the following update on 
trading for the full year ended 31 October 2020. 
 
Countering the ongoing wider macro challenges, the Company continues to trade 
in line with market expectations and expects to report revenues for year of 
circa GBP4m and EBITDA of GBP1.4m, an increase of 14% and 30% respectively on the 
prior year. One Media retains a healthy cash position with an unaudited cash 
balance of GBP6.7m as at 31 October 2020. 
 
Following the recent successful fundraising in August 2020, the Company 
continues to evaluate acquisition opportunities to be executed primarily 
through its Harmony IP asset release programme and full catalogue acquisitions. 
 
The Company's full year results are expected to be released in March 2021. 
 
Michael Infante, CEO of One Media iP, commented:  "Based on the Group's strong 
performance to date and the continued growth in music streaming, the Board is 
confident in the outlook for the business as we remain focused on exploring 
further acquisition opportunities. 
 
"We are also encouraged to observe that the sector continues to attract 
significant investment from outside of the industry, which we believe will help 
to build further interest in our business and strategy.  We look forward to 
keeping the market updated as we continue to deliver on our growth strategy." 
 
                                    -Ends- 
 
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                           [phone] 
Michael Infante - CEO 
Claire Blunt - Chairman                          [phone] 
 
Cairn Financial Advisers LLP (Nominated Adviser) [phone] 
Liam Murray 
Jo Turner 
Ludovico Lazzaretti 
 
Cenkos Securities plc (Broker)                   [phone] 
Max Hartley 
Max Gould 
Michael Johnson (Sales) 
 
Yellow Jersey PR (PR & IR)                       [phone] 
Charles Goodwin 
Annabel Atkins 
 
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, TV and 
digital gaming whilst its video content is primarily viewed on YouTube where 
One Media operates over 20 YouTube channels as a certified partner. 
 
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 www.tcat.media 
 
Caution regarding forward looking statements 
 
Certain statements in this announcement, are, or may be deemed to be, forward 
looking statements. Forward looking statements are identified by their use of 
terms and phrases such as "believe", "could", "should" "envisage", 
"estimate", "intend", "may", "plan", "potentially", "expect", 
"will" or the negative of those, variations or comparable expressions, 
including references to assumptions. These forward-looking statements are not 
based on historical facts but rather on the Directors' current expectations and 
assumptions regarding the Company's future growth, results of operations, 
performance, future capital and other expenditures (including the amount, 
nature and sources of funding thereof), competitive advantages, business 
prospects and opportunities. Such forward looking statements reflect the 
Directors' current beliefs and assumptions and are based on information 
currently available to the Directors. 
 
 
 
END 
 

(END) Dow Jones Newswires

November 09, 2020 02:00 ET (07:00 GMT)