16th November 2012
One Media iP Group plc
("One Media" or the "Company")
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
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
Michael Infante Claire Noyce/Deepak Reddy John West/ Simon
Chairman & CEO Corporate Adviser Financial PR
Tel: +44 (0)17 5378 5500 Tel: +44 (0)20 7947 4350 Tel: + 44 (0)20 7920
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/16/2012 07:00 GMT
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