ONE MEDIA IP GROUP PLC: One Media makes Sooty acquisition
12 November 2012
One Media iP Group plc ("One Media" or the "Company") One Media makes Sooty acquisition One Media, the profitable Netlabel and consolidator and acquirer of music and video rights, announces an exclusive deal for the ownership of worldwide rights to material from Sooty, the longest-running children's TV programme in the UK. One Media now has exclusive control of a variety of classic Sooty content including eight TV shows presented by Sooty's creator, Harry Corbett. The shows date back to the original Sooty episodes of the 1950's all the way through to the 1970s including such classics as The Sooty Olympics and Sooty's Birthday. One Media also has the rights for The Sooty Radio Show and a feature length special entitled "Sooty - The Big Day Out" with Richard Cadell. The acquisition was made for an undisclosed sum which will be offset against future royalty payments. One Media will now look to derive value from the content by packaging it for sale across a variety of digital platforms including iTunes, Amazon, and YouTube. Michael Infante, CEO and Chairman of One Media said: "The continuing acquisition of outstanding content is core to the success of One Media and I am extremely pleased with the addition of Sooty, Sweep & Soo to our portfolio. This acquisition broadens our mix of content and marks an important move into the distribution of non-music related video, an area we are looking to build on in the near future. Our expansion into acquiring more content to meet the demands of the emerging Smart TV market will continue to be a priority. " For further information please visit www.onemediaip.com or contact: One Media iP Group plc Hybridan LLP Tavistock Communications Michael Infante Claire Noyce/Deepak John West/ Simon Compton
Reddy Chairman & CEO 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").
-0- Nov/12/2012 07:00 GMT