5 May 2015
One Media iP Group PLC (`One Media')
One Media litigates in the USA - Worldwide copyright infringement claim
One Media iP Group (AIM: OMIP), the digital media content provider, which
consolidates, exploits and monetises intellectual property rights around music
and video is pursuing a lawsuit in the USA against Believe SAS ("Believe
Digital Group"), S.A.A.R Srl and Henry Hadaway ("HHO Licensing Ltd and Henry
Hadaway Organisation Ltd") that was originally filed by Telos Holdings, Inc. d/
b/a Point Classics in April 2014.
In July 2014 One Media acquired the Point Classics Catalogue ("the Catalogue")
from Telos Holdings Inc./Point Classics, LLC in the USA (see RNS dated 3rd July
2014) for a consideration of USD$1.6m. The Catalogue comprises 4558 US
copyright registered Classical tracks by the world's leading composers. A
significant number of tracks (no less than 1,466) have been identified by One
Media as being unauthorised for exploitation worldwide by Believe SAS (a French
Company) pursuant to an alleged physical license granted by HHO Licensing Ltd
to S.A.A.R Srl (an Italian Company). The litigation is being prosecuted by One
Media in the Federal Court in Nashville Tennessee and is being defended by
Believe SAS and S.A.A.R Srl on the grounds of improper jurisdiction despite
widespread worldwide exploitation by Believe SAS and SAAR, SrL both in and out
of the USA.
Michael Infante CEO & Chairman: "We have been forced to litigate in this matter
to protect the rights engrained in our asset to prevent unauthorised
exploitation of this important acquisition."
For further information please visit www.onemediaip.com or contact:
One Media iP Group Plc Chairman and Chief Executive
Michael Infante Tel: +44 (0)175 378 5500
One Media iP Group Plc Brand & Communications Manager
Alice Dyson-Jones Tel +44 (0)175 378 5501
Cairn Financial Advisers LLP Nominated Adviser
Liam Murray / Jo Turner Tel: +44 (0)20 7148 7900
Charles Stanley Securities Limited Broker
Mark Taylor Tel: +44 (0)20 7149 6000
Notes to Editors: One Media is an intellectual property (iP) owner and
controller of rights within the digital arena concerning music, video and
digital distribution. The consumer led but B2B (Business-to-business) operation
looks to exploit its catalogue of over 200,000+ music tracks and over 7,500
hours of video by recompiling the content for sale through over 100 digital
music and video stores groups worldwide. The Company has a team of Creative
Technicians, who digitise the content, create the metadata and re-compile and
prepare the digital music & video releases using bespoke in-house software.
Additionally, One Media makes its library of content available for TV shows,
movies, adverts and websites requiring background music. One Media focuses on
music performed 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. In July 2014 the Group
acquired for a consideration of USD$1.6m the Point Classics classical music
library bringing the number to over 10,000 classical tracks now available to
the Group for exploitation. One Media is eligible for Enterprise Investment
Schemes ("EIS") and Venture Capital Trusts ("VCT"). The company is profitable,
cash resourced and has operated an active dividend policy.