Business
Further Re: Acquisition of Music Catalogue
Further Re: Acquisition of Music Catalogue.
About this update from One Media Ip Group Plc
[{"type":"text","content":"\n \n22 July 2019\n\nOne Media iP\n\n(\"One Media\", or “OMiP†or the \"Company\")\n\nPayment of deferred consideration pursuant to acquisition of Locomotive Records Music Catalogue\n\nOn 25 February 2019, One Media iP (AIM: OMIP), the digital media content owner which exploits intellectual digital property rights around music, video and copyright technology, announced the acquisition of the music catalogue of Locomotive Records, an independent record label based in Spain.\n\nThe total consideration for the acquisition of the Locomotive Records catalogue was US $750,000, to be satisfied from the Company’s available cash resources, of which US $550,000 was paid immediately with a further US $200,000 in deferred payment. The Company announces the deferred consideration has now been paid.\n\nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.\n\n\n\nOne Media iP Group Plc \n\n\n\n\nMichael Infante - Chief ExecutiveIvan Dunleavy - Chairmanwww.omip.co.uk\n+44 (0)175 378 5501+44 (0)175 378 5500\n\n\n\n\n\n\n\n\nCairn Financial Advisers LLP (Nominated Adviser)\n+44 (0)20 7213 0880\n\n\n\nLiam MurrayJo TurnerLudovico Lazzaretti\n\n\n\n\n\n\n\n\n\nPanmure Gordon (UK) Ltd (Broker)\n+44 (0)20 7886 2500\n\n\n\nJames Stearns\n\n\n\n\n\n\n\n\n\nYellow Jersey PR (PR & IR)\n+44 (0)20 3004 9512\n\n\n\nGeorgia ColkinJoe [email protected] \n\n\n\n\nAbout One Media iP Group Plc\n\nOne Media iP is primarily a music rights owner and digital distributor focused on the acquisition and exploitation surrounding recorded music, publishing, the writers share 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.\n\nThe Company is growing 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 hig...