31 January 2025
One Media iP Group
Plc
("One Media" or the
"Company")
One Media secures US$250,000 advance from distribution
partner
One Media iP (AIM: OMIP), the
digital music rights acquirer, publisher and distributor which
specialises in the active monetisation of music and video
intellectual property rights, announces that, further to the
announcement of 1 September 2023, The Orchard, its music
distribution company (the "Distributor"), has provided a further
advance to One Media of US$250,000 (the "Advance"), which has
been received by the Company.
The Advance, which was successfully
negotiated at a favourable currency exchange rate delivering
optimum value for the Company, is recoupable by the Distributor
against future sales by the Company. The Advance will be used to
expand activities in the normal course of business.
The Distributor aggregates One
Media's content to over 240 territories globally, including to the
major Digital Service Providers (DSP) such as Spotify, Apple Music
and Amazon Music, Tidal and Deezer and is responsible for
collecting monies in a variety of currencies globally for the
Company. It performs a crucial role in the monetisation of the
rights in One Media's portfolio.
Michael Infante, CEO of One Media said:
"This advance from The Orchard reflects the
strength of our near 20 year strategic partnership and the value
that is derived from our collaborative efforts to grow and monetise
One Media's diverse portfolio of evergreen music rights. It also
contributes to our current priority of rebuilding the Company's
cash reserves with our renewed focus on our core business of
digital copyrights."
ENDS
This announcement contains inside
information for the purposes of the UK Market Abuse Regulation. The
person who arranged the release of this information is Michael
Infante, Chief Executive Officer of the Company.
For
further information, please contact:
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One
Media IP Group Plc
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Michael Infante JP
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Chief Executive
Tel: +44 (0)175 378
5500
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Claire Blunt
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Chairman
Tel: +44 (0)175 378
5501
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Cairn Financial Advisers LLP
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Nominated Adviser
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Liam Murray / Ludovico
Lazzaretti
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Tel: +44 (0)20 7213
0880
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Cavendish
|
Broker
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Charlie Coombe / Giles Balleny
(Corporate Finance)
Michael Johnson Dale Bellis
(sales)
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Tel: +44 (0)20 7397
8900
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Claire Turvey, Fourth Pillar
|
Financial PR
Tel: +44 (0)7850 548
198
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About One Media iP Group plc
One Media iP Group plc is a leading
digital music rights acquirer, publisher and distributor. The Group
specialises in the acquisition and exploitation of music and video
intellectual property rights. Listed on AIM, the Group is committed
to driving value through the acquisition and management of
high-quality IP assets.
One Media is listed on the AIM
Market of the London Stock Exchange under the ticker
'OMIP'.
