2 May 2014
One Media iP Group Plc
("One Media" or "the Group" or "the Company")
Acquisition of Rock and Roll Palace and Church Street Station Music Video
One Media iP Group Plc (AIM: OMIP) the digital media content provider which
consolidates, exploits and monetises intellectual property rights around music
and video, is pleased to announce that it has acquired under an exclusive
license with an on-going royalty the 'Rock and Roll Palace' and 'Church Street
Station' music-video catalogue of rights. The deal was concluded with the Henry
Hadaway Organisation ("HHO") for a total consideration of £300,000 plus VAT.
The two catalogues contain hundreds of music-video performances by various
artists such as; Tammy Wynette, Charlie Rich, George Jones, Lynn Anderson,
Mickey Giley, Tanya Tucker, The Bellamy Brothers, The Osmonds, Del Shannon, The
Platters, and the Shirelles to name just a few.
Henry Hadaway MBE, chairman and founder of HHO since 1969 is considered a
pioneer of UK independent music companies.
Michael Infante, Chief Executive Officer and Chairman of One Media, commented:
"Our expansion into more music-video content is emphasised by this deal. This
video collection has never previously been made available by HHO for digital
exploitation and we are excited to be bringing this to market via our music
channels with all of the emerging video stores such as YouTube. Monetising this
content, as with all our acquisitions, is not an overnight event but with the
growing impact of `streaming' to all devices (mobile and home entertainment)
becoming the preferred route to market, we anticipate growth in this sector
over the coming years."
For further information, please contact: One Media Publishing Group Plc
One Media iP Group Plc Chairman and Chief Executive
Michael Infante Tel: +44 (0)175 378 5500
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
Yellow Jersey PR Limited Financial PR
Kelsey Traynor/Dominic Barretto/Philip Ranger Tel: +44(0)7799 003 220
Notes to Editors:-
The Group is a B2B and B2C digital content provider, exploiting intellectual
property rights around music and video. The Group specialises in acquiring and
repackaging nostalgic music and Film and TV programmes from recordings made
over the last 90 years. The Group operates from its offices at Pinewood Studios
and delivers its digital music and video content via aggregators to over 600
online digital stores such as iTunes, Spotify, Amazon, Deezer and YouTube.
Consumers download or stream the content via PCs, smart phones, internet
enabled music players and Smart TVs. Additionally, One Media makes its library
of content available for synchronisation purposes for TV shows, movies,
adverts, games and websites.
One Media focuses on music performed by well-known artists or songs 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. The Groups visual content
includes the 3000 Men & Motors programs, Skippy the Bush Kangaroo, the early
Sooty Shows and over 3000 nostalgic pop music videos, all exploited via
The Group does not invest in new bands or untested music. One Media is eligible
for Enterprise Investment Schemes ("EIS") and Venture Capital Trusts ("VCT").
The Group is profitable and has being paying a dividend since July 2011.
-0- May/02/2014 06:00 GMT
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