One Media iP Group
Plc
("One Media", the
"Group" or the "Company")
AGM Statement
One Media iP Group Plc (AIM: OMIP), a digital and technical
media content provider, which consolidates, exploits and monetises
intellectual property rights around music and video, announces that
at today’s Annual General Meeting, Michael
Infante, Chairman for the Meeting, will make the following
statement:
Chairman’s statement:
“I am delighted to be standing in front of you all today
presenting improved results compared to last year. Revenues were up
14% from £2.0m (2016) to £2.3m and the profit increased to £0.3m.
Our EBITDA reflects this recovery at over £0.5m and cash balances
have improved to just under £0.4m and have further increased post
period end.
“A year ago I reiterated my confidence in streaming and that of
the music industry at large and this has proven to be key in our
corporate financial turnaround. As consumers continue to change
their music buying habits, and embrace the streaming services
provided by the major streaming sites such as Apple Music, Spotify
and Amazon, devices like the Amazon Echo (Alexa) or Google’s Home,
provide a brand new experience in daily audio consumption and are
providing another rapid paradigm shift in subscription funded
listening. These devices completely liberate our music
libraries and really integrate them into our surroundings making
music once again an amplified sound-sharing exchange, as opposed to
a personal headphone experience.
“This technology-led evolution will ensure that the industry
will reap the benefits and enjoy sustained long-term
growth. It also amplifies our mission statement that ‘content
is still king’ and that device ingenuity and creativity requires a
mixed offering of content (nostalgic and contemporary) to provide
to its exacting and varied consumers of all demographics.
“Operationally, we have seen major advances as we aligned
ourselves with the predicted growth path of the music and video
industry over the next five years. Our core business is still audio
based but as we grow we can fully expect to see an increase in
revenues coming from a proactive sales initiative from the Group’s
video library into emerging territories such as Russia, India
and China. Our Men & Motors
back catalogue and newly formatted show initiative has found a
partnership with industry specialists Global Genesis Group, a TV
& Film distributor based in North
America, who are tasked with finding the sponsorship and
broadcasters for a new Men & Motors show format developed in
the UK.
“Our in-house built proprietary software, TCAT signed its first
major record industry distributor. The service is still in its
early days and development continues on this unique software music
copyright discovery tool. The Group has resourced its technical
team with additional in-house software developers to underpin the
growth of the program. Post year-end we were pleased to
announce that TCAT had signed an additional international major
record label and that the service has now commenced.
“Finally, I cannot fail to mention the proposed appointments of
investors Lord Michael Grade and
Ivan Dunleavy to our board of
directors. Both bring with them a wealth of experience and City
support.
“I said last year that 2018/9 was going to be a turnaround year
for the Group, I can say that as the repositioning of the Group
continues, the real corporate initiatives are only just beginning.
As confidence returns into our sector we anticipate further
acquisitions in keeping with our original buy and build strategy.
Music, video and publishing opportunities, will all be on our
radar.”
For further information, please
contact:
One Media iP Group Plc
Michael Infante, Chairman and Chief Executive
Alice Dyson-Jones, Communications |
+44 (0)175 378 5501
+44 (0)175 378 5500 |
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|
Cairn Financial Advisers LLP (Nominated
Adviser)
Liam Murray, Jo Turner |
+44 (0)20 7213 0880 |
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Panmure Gordon (UK) Ltd (Broker)
James Stearns |
+44 (0)20 7886 2500 |
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Luther Pendragon Ltd (Financial PR)
Harry Chathli, Claire Norbury |
+44 (0)20 7618 9100 |
Notes to Editors
Based at Pinewood Studios, One Media is an 'intellectual
property' (IP) owner and/or controller of rights within the digital
arena concerning music, video and digital distribution. It is a B2B
(business-to-business) operation, that is consumer led which looks
to exploit its catalogue of over 250,000 music tracks and over
10,000 hours of video by recompiling its content for download,
streaming and sub licensing through over 600 digital music and
video stores worldwide.
The Group has a team of Creative Technicians, all of whom are
YouTube certified, who digitise the content, create the metadata,
re-compile and prepare the digital music & video releases using
bespoke in-house developed software. Additionally, One Media makes
its library of content available for TV shows, movies, adverts and
websites requiring synchronised music. 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 and world-music, plus stand-up comedy
and spoken-word. In July 2014 the
Group acquired, for a consideration of USD$1.6m, the Point Classics classical music
library bringing the number to over 10,000 classical tracks now
available to the Group for exploitation. The Group owns all the
rights to the Men & Motors (originally Granada/ITV) TV shows
originally aired on British TV between 1996 and 2010. Comprising
over 3,500 shows, Men & Motors is available for viewing on the
Group’s YouTube Channel.
Recently the Group has developed a content discovery and
policing software service, 'Technical Copyright Analysis Tool'
(TCAT), as a new service to record companies, publishers and law
firms searching information of artists and tracks on legitimate
digital stores. One Media has been previously eligible for
Enterprise Investment Schemes ("EIS") and Venture Capital Trusts
("VCT").