10 July 2019
One Media
iP Group Plc
("One Media", or the "Company")
Acquisition of hit
single – Daniel Bashta
One Media iP Group Plc (AIM: OMIP), the digital media content
provider that exploits intellectual property rights around music,
video and copyright technology, is pleased to announce that it has
acquired the publishing and writer’s share of income of the hit
single, “God’s Not Dead”, written by Daniel Bashta, an American contemporary
Christian singer and songwriter, for a total consideration of
$725,000.
Originally titled, “Like A Lion” and performed by Passion
on the 2010 album “Passion: Awakening” the song was renamed
“God’s Not Dead” when covered by the Christian band Newsboys
and released on their album “God’s Not Dead” in October
2011.
Following its release in 2011, “God’s Not Dead” became a
major Christian Radio hit, reaching No.2 in June 2012 after spending 22 weeks on the
Billboard Hot Christian Songs. The song charted again in
2014 after the release of the successful movie of the same name,
God’s Not Dead. The film has since spawned two sequels and, as a
series has grossed nearly $100m. The
track has featured in all three films as the signature song.
“God’s Not Dead” continues to perform strongly across
digital platforms with over 88m hits
on YouTube and a current Spotify streaming count of 47m.
Michael Infante, CEO of One Media, commented:
“Contemporary Christian music has achieved growth over the years
with a number of artists also expanding their reach through
crossover to mainstream audiences. We are always on the lookout for
music from any genre that has had success in the international
charts and “God’s Not Dead” not only ticks this box, but also
brings the additional value of being coupled with a film
synchronisation benefit. We are delighted to have acquired the
income from Daniel Bashta’s platinum selling single. Bashta has
received great acclaim in the music industry and the fact that this
single continues to perform so well almost a decade after its
original release is testament to its longevity.”
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
One Media iP Group Plc |
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Michael Infante - Chief
Executive
Ivan Dunleavy - Chairman
www.omip.co.uk |
+44 (0)175 378 5501
+44 (0)175 378 5500 |
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Cairn Financial Advisers LLP (Nominated
Adviser) |
+44 (0)20 7213 0880 |
Liam Murray
Jo Turner
Ludovico Lazzaretti |
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Panmure Gordon (UK) Ltd (Broker) |
+44 (0)20 7886 2500 |
James Stearns |
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Yellow Jersey PR (PR & IR) |
+44 (0)20 3004 9512 |
Georgia Colkin
Joe Burgess |
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About One Media iP Group Plc
One Media is a UK listed digital media content provider
that exploits intellectual property rights around music, video and
copyright technology. Driven by the growth in streaming, the
Company is dedicated to expanding the business through acquisition
of new content and promotion of its existing catalogue.
The Company’s consumer-led B2B operation exploits a growing
collection of music and video content by recompiling it for sale
via more than 600 digital music and video store groups across the
globe.
One Media focuses on music performed by well-known artists from
every genre, from classical through to R&B as well as stand-up
comedy and spoken word. The Company also owns the rights to Men
& Motors, available for viewing on One Media’s YouTube Channel.
One Media’s library of content is available for TV shows, movies,
adverts and websites requiring synchronised music.
Additionally, the Company has developed the Technical Copyright
Analysis Tool (“TCAT”). TCAT is a SaaS platform developed as a
means of automating the difficult and time-consuming task of
monitoring for unauthorised use of digital music releases.
For further information: www.omip.co.uk