One Media iP Group PLC Acquisition of Owl Records International Ltd Catalogue
August 24 2016 - 2:00AM
UK Regulatory
TIDMOMIP
One Media iP Group Plc
("One Media", the "Group" or the "Company")
One Media acquires the Owl Records International Ltd catalogue of recordings
One Media iP Group Plc (AIM: OMIP), a digital media content provider, which
consolidates, exploits and monetises intellectual property rights around music
and video, is pleased to announce that it has acquired the exclusive rights and
ownership to the to the Owl Music Catalogue on a complete buy-out basis for EUR
21,000 (twenty one thousand Euros). The Owl catalogue comprises of over 1100
Irish folk and Celtic music original recordings. The tracks have been marketed
by One Media over the last eight years on royalty sharing basis.
Owl Records, was established in 1997. It developed a diverse catalogue of over
90 albums, mainly in the Celtic folk, traditional and new age genres. Original
percussive arrangements of best loved classical compositions are also included
in the catalogue. There is additionally a varied range of Christmas albums.
Unique to the catalogue is the 'Counties of Ireland' series, a 350 strong
collection of songs drawn from the 32 counties of Ireland. Dagda's four Celtic
new age albums spent over 100 weeks in the American New Age radio charts and
provided the trailer sound track for an Oscar winning film. Their only dance
album is 'Raverdance Celtic Clubland'. Rob Strong, father of Commitments star
Andrew Strong has two albums in the catalogue which also includes some
childrens' story collections. Each of Owl's six Mystical Ireland albums reached
gold or platinum status in Ireland. Artists include Owl's founder and director
Reg Keating, who is also the man behind Dagda's soul singer Rob Strong, popular
Irish crooner Sonny Knowles, New Ireland Orchestra and balladeer/troubadour Tom
Donovan. All Owl recordings were produced in its own studio in Ireland.
Commenting on the deal, Michael Infante Chairman and CEO said "I have known Reg
for over 10 years as a licensor to the group and the catalogue has always been
our 'corner stone' of Irish music. As Reg now retires and One Media takes full
control of the catalogue, we look forward to continuing the exploitation and
further developing the marketing of his music. Its a great collection
beautifully recorded of internationally known Irish tracks and I am pleased to
welcome it into our collection. We will have a good reason to raise a 'jar' on
the 17th March next year"
One Media iP Group Plc
Chairman and Chief Executive
Michael Infante Tel: +44 (0)175 378 5500
One Media iP Group Plc
Corporate Communications
Alice Dyson-Jones Tel +44 (0)175 378 5501
Cairn Financial Advisers LLP
Nominated Adviser
Liam Murray / Jo Turner Tel: +44 (0)20 7148 7900
Panmure Gordon (UK) Limited
Broker
Fred Walsh 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 Groups 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"). The company is
profitable, cash resourced and has operated an active dividend policy since
2011.
END
(END) Dow Jones Newswires
August 24, 2016 02:00 ET (06:00 GMT)