One Media in $2.5m deal with its US Distributor
21st November 2012
One Media iP Group plc
("One Media" or the "Company")
One Media in $2.5m deal with its US Distributor
One Media, the profitable Netlabel, consolidator and acquirer of music and
video rights, is pleased to announce that it has signed a new deal with its
worldwide distributor.
One Media will receive an advance against earnings in the amount of
US$2,500,000 paid over an agreed period within the current financial year. All
other matters concerning the deal remain contractually confidential.
Michael Infante, CEO and Chairman of One Media said: "We have been working with
The Orchard since 2006 and today's announcement will further strengthen and
develop this strategically important relationship."
For further information please visit www.onemediaip.com or contact:
One Media iP Group plc Hybridan LLP Tavistock Communications
Michael Infante Claire Noyce/Deepak Reddy John West/ Simon Compton
Chairman & CEO ISDX Corporate Adviser Financial PR
Tel: +44 (0)17 5378 5500 Tel: +44 (0)20 7947 4350 Tel: + 44 (0)20 7920 3150
Notes to Editors:
One Media is a digital music and video rights owner. The consumer operation
looks to exploit its catalogue of over 170,000 music tracks and over 4,000
hours of video by repackaging the content for sale through over 200 digital
music and video stores worldwide including iTunes, Amazon, Spotify, Deezer,
eMusic and YouTube. The Company has a team of creative technicians who
re-compile and prepare digital music releases using bespoke in-house software.
Additionally, One Media licenses its music content for TV shows, movies,
adverts, games and websites. Clients include Disney, Ubisoft and ITV. One Media
operates an online sync database system that enables music supervisors to
explore the library and select tracks for music briefs.
One Media focuses on music by well known artists from every genre, including;
pop, rock, reggae, R&B, children's music, karaoke, jazz, soul, blues, rap,
hip-hop, gospel, world-music, plus stand-up comedy, spoken-word and over 1000
hours of classical music. One Media is now eligible for Enterprise Investment
Schemes ("EIS") and Venture Capital Trusts ("VCT").