ONE MEDIA IP GROUP PLC: Trading Update
16th November 2012
One Media iP Group plc ("One Media" or the "Company") Trading Update One Media, the profitable Netlabel, consolidator and acquirer of music and video rights, announces an update on its trading performance for the year ended 31 October 2012 in advance of its preliminary results, which will be announced in March 2013. The Board is pleased to report that the Company has remained profitable and debt free with trading for the year ending 31 October 2012 expected to be in line with market expectations. One Media retains a strong cash position and will continue to explore acquisition opportunities. The last financial year has seen considerable investment in our portfolio of popular audio and video material as the consumption of digital content continues to increase in line with the growing proliferation of smart phones, digital devices and improving broadband speeds. Globally, digital music revenues have grown from approximately $1bn in 2005 to over $5bn in 2011. This trend is expected to continue with the advent of Internet connected Smart TV's which will significantly increase the size of One Media's potential customer base. The payment of an Interim dividend of 0.037p per share to those Ordinary Shareholders on the register on 20 November 2012 was confirmed at the Company's board meeting on Tuesday 13th November 2012, and announced on Wednesday 14th November. The dividend will be paid on 29 November 2012. Michael Infante, CEO and Chairman of One Media said: "As the entertainment industry continues to go digital, our proven business model of acquiring, exploitingand repackaging past hits for the likes of iTunes, Spotify and YouTube looks like a strategy that has the potential to provide excellent returns for shareholders." 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 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").
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