Business
Subscription and proposed director appointments
Subscription and proposed director appointments.
About this update from One Media Ip Group Plc
[{"type":"text","content":"\n \n18 December 2017 at 7am\n\nOne Media iP Group Plc\n\n(\"One Media\", the \"Group†or the “Company\")\n\nSubscription, issue of equity and proposed director appointments\n\nInvestment by Lord Michael Grade and Ivan Dunleavy, designate non-executive directors\n\nOne Media iP Group Plc (AIM: OMIP), a digital media content provider that exploits intellectual property rights around music, video and copyright technology, is pleased to announce an equity investment totalling £375,000 gross in the Company by Lord Michael Grade and Ivan Dunleavy, and their proposed appointment as Non-executive Directors.\n\nLord Grade said: “I firmly believe the music industry has turned a corner – led by streaming services, which are seen as the basis of future growth by content owners. One Media is a very accomplished business with strong credentials, and we share the management team’s view of the music business’ development. I look forward to working closely with them and using my experience to add value and expedite the scale up of the business.â€\n\n“Our investment is a gesture of our firm commitment and a demonstration of our belief in One Media’s future prospects,†added Ivan Dunleavy. “We have a long-established relationship with Michael Infante and are impressed with how he has run this company and developed an excellent reputation in this industry. With music streaming set to grow, not only will this company benefit from sales of its portfolio of digital content, it is also able to provide a vital service to copyright owners through its in-house developed proprietary software, TCAT, which tracks and monitors where their music is made available for sale. We look forward to working with the One Media’s team to build on the strong foundations and advancing to the next stage of development.â€\n\nOne Media is an owner and provider of digital music and video content. The Group operates in the $4.6bn global music streaming market, which Goldman Sachs analysts predict will grow to $28bn by 2030. In the UK alone, PwC estimate that digital music streaming will generate £520m this year and grow by a CAGR of approximately 22% to over £1bn by 2021, when it will account for 93% of all digital recorded music revenue. The Company has a catalogue of over 250,000 nostalgic music tracks from a range of genres from Soul to classical...