One Media iP Group
Plc
("One Media", the
"Group" or the "Company")
One Media
commercialises TCAT its music discovery tool with a major music
distributor
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, is pleased to
announce that it has signed its first major music distributor to
utilise the services of its Technical Copyright Analysis Tool
(“TCAT”).
The global music distributor will be using the TCAT services
from June 2017 to monitor its weekly
release schedules, monitor music conflicts and potential copyright
infringements.
Following two years of development the deal will see the
commercialisation of TCAT on an annual contract basis.
One Media’s move into technical services around music data and
analysis is borne from its experience in handling large data sets
around its own exploitation of the Group’s catalogue of rights.
Michael Infante Chairman &
CEO of One Media commented:
“Confidentiality clauses in the agreement prevents us from
disclosing the identity of our client and any of the commercial
terms but suffice to say we are excited by having TCAT deployed as
a technical resource to a major record distributor. Whilst
the revenues generated from this initial contract are modest, it is
a significant development for the Company as it validates and
proves the technology and demonstrates its need in the market
place.
TCAT has been in development for two years as an in-house
originated SaaS (Software as a Service”) product. It is
designed to search and analyse music data across multiple consumer
delivery platforms and deliver forensic data and information on its
client’s music exploitation globally.”
For further information on TCAT please see
http://www.tcat.media
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, please
contact:
One Media IP Group
Plc |
|
Michael Infante |
Chairman and Chief
Executive
Tel: +44 (0)175 378 5500 |
Alice Dyson-Jones |
Corporate
Communications
Tel: +44 (0)175 378 5501 |
|
|
Cairn Financial Advisers
LLP |
Nominated Adviser |
Liam Murray / Jo
Turner |
Tel: +44 (0)20
7213 0880 |
Panmure Gordon (UK) Ltd |
Broker |
Karri Vuori |
Tel: +44 (0)20 7886 2500 |
Notes to Editors
Based at Pinewood Studios, One Media is an 'intellectual
property' (IP) owner and controller of rights within the digital
arena concerning music, video and digital distribution. The
consumer led but B2B (Business-to-business) operation looks to
exploit its catalogue of over 250,000+ music tracks and over 10,000
hours of video by recompiling the content for sale through over 600
digital music and video stores groups worldwide.
The Company 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, world-music, plus stand-up comedy,
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 of
over 3500 shows 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 artist and tracks on legitimate
digital stores. One Media is eligible for Enterprise
Investment Schemes ("EIS") and Venture Capital Trusts ("VCT").