One Media iP Group Plc
("One Media" or "the Group" or "the Company")
Acquisition of the Point Classics catalogue of rights
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 from Telos Holdings Inc.
("Telos") of Los Angeles, USA, the entire rights to the Masters and all assets
for the classic music catalogue known as `Point Classics.'
The deal, which comprises over 4,000 classical recordings and all corporate
logos, registrations and distribution rights, was signed for a total
consideration of USD1,600,000 to be satisfied from existing cash resources.
The rights to the Point Classics catalogue have been owned by Telos/Point
Classics since its acquisition in 2000 and a solid profitable income stream for
the content has been built. In addition to developing a worldwide reputation in
digital exploitation and physical licensing to record labels the catalogue has
also been the subject of synchronisation deals with film and TV companies. Due
to the confidentiality of today's acquisition, no further information regarding
today's news can be disclosed.
Point Classics is currently one of the leading digital classical music
catalogues and comprises many of the great masterpieces by the world's greatest
composers. Works composed by Vivaldi, Verdi, Tchaikovsky, Strauss, Smetana,
Schumann, Schubert, Rossini, Ravel, Pachelbel, Mozart, Hadyn, Handel, Dvorak,
Brahms, Bizet, Beethoven, Bach and Albinoni to name just some of the over 100
composers within the catalogue of rights. The music is performed by a variety
of international orchestras. Point Classics operates a digital web site for
music supervisors and licensees alike whereby the content is regularly
exploited on a B2B basis only.
Commenting on the acquisition, Michael Infante CEO & Chairman of One Media,
said: "This is a significant rights acquisition accompanied with an earnings
enhancing income from the outset. It further boosts our presence in this
sector alongside the Red Note Classics collection that we acquired in 2011. Our
library of classical music will now be one of the leading digital libraries
worldwide."
Tanvi Patel, Managing Partner of Point Classics : "We are delighted to have
concluded this deal with One Media which has demonstrated an ability over the
last few years, in which we have traded, to be professional digital exploiters
of this genre of content. I am sure that they will maintain the integrity of
the Point Classics library with their market penetration and vigilant policies
of copyright enforcement."
For further information, please contact:
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: 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 200,000 music tracks and over 7,000 hours of video by
recompiling the content for sale through over 600 digital music and video
stores worldwide. The Company 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 in-house software. 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")