1 November 2013
One Media iP Group plc
("One Media" or "the Group" or "the Company")
One Media iP Group Plc (AIM: OMIP.L) is pleased to give the following update on
Trading, ahead of the announcement of full year results for the period ended 31
October 2013, which are expected to be announced in February 2014.
The Board is delighted to report that the Group continues to trade in line with
both the Directors' and market expectations and is in line to meet year end
Since the half-year, One Media has consolidated its position with a number of
its licensor partners, by initiating deals whereby the Group effects a buy-out
of the royalty income due to them on our exploitation of royalty bearing
content. The Group has invested USD$122,550 in this activity, with a selected
number of qualifying license partners which offer favourable benefits and
savings to the Group. We believe this to be an efficient use of One Media's
The Group has also signed further deals for more video and audio content. These
include over 300 `Animal video documentaries' targeted at younger viewers,
`Keep Fit" video material and `Underground Breakdance' video content. We are
pleased to see viewership of content distributed via our newly established
YouTube channels reach over 300 million minutes of viewing since November 2012.
Overall the Group retains a strong cash position; is debt free; profitable and
is paying a healthy dividend. The move to AiM in April 2013 has improved
liquidity in trading of the Company's shares and pleasingly the share price has
performed well, now better reflecting, in the Boards' opinion, the underlying
value and potential of the business.
We continue to seek further opportunities to expand our catalogue of both audio
and visual content and looks forward to expanding the Group's business and
returning value to shareholders. We look forward with confidence.
One Media is also pleased to announce that it has appointed Charles Stanley
Securities as its new corporate Broker. Charles Stanley Securities will work
alongside our existing NOMAD Cairn Financial. The directors believe that this
appointment will broaden the company's reach and enhance investor access. We
would like to thank the team at Hybridan for their professional service over
the last few years.
For more information visit www.onemedia contact:
Michael Infante One Media iP Group PLC +44 (0) 175 378 5500
Chairman and CEO
Liam Murray Cairn Financial Advisers LLP +44 (0) 207 148 7900
Jo Turner Nominated Adviser
Mark Taylor Charles Stanley Securities +44 (0) 207 149 6000
John West Tavistock Communications +44 (0) 207 920 3150
Niall Walsh Public Relations
Notes to Editors: One Media is a digital music and video rights owner. The
consumer led but B2B (Business-to-business) operation looks to exploit its
catalogue of over 170,000 music tracks and over 5,000 hours of video by
recompiling the content for sale through over 600 digital music and video
stores worldwide, such as itunes, Spotify, Amazon and YouTube. The Group 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
Additionally, One Media makes its library of content available for TV shows,
movies, adverts, games and websites. 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 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 and
over 1,000 hours of classical music.
One Media is eligible for Enterprise Investment Schemes ("EIS") and Venture
Capital Trusts ("VCT") The Group is both profitable and dividend yielding and
listed on Aim in 2013 having been traded on ISDX since 2006.
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