TIDMOMPP
16th November 2011
One Media Publishing Group Plc
("One Media" or the "Group")
Acquisition of Classical Catalogue of over 8000 tracks over 800 hours of music
One Media, the PLUS quoted consolidators and acquirers of music and video
rights, is pleased to announce that it has acquired the entire catalogue of
rights to the 21 Vision Ltd. Classical catalogue.
The deal, together with all of the master recording assets and rights, pursuant
to the catalogue, was signed for a cash consideration of GBP104,000.
The classical music catalogue comprises of all the great masterpieces by the
worlds greatest composers. Works by over 150 composers including; Mozart,
Handel, Tchaikovsky, Bach, Verdi, Schubert, Mendelssohn, Brahms, Liszt, Grieg,
Elgar, Haydn, Vivaldi, Beethoven and Debussy just to name a few. The catalogue
includes masterpieces such as; La Traviata, Camina Burana, Air on a Gstring,
The Nutcracker Suite, Peer Gynt, Romeo & Julliet, and Toccata and Fugue as a
small example of the many compositions included in this deal.
Michael Infante CEO/Chairman said, "We have digitally marketed these recordings
over the last 18 months as a licensee of 21 Visions' so have had a chance to
'try before we buy'. The catalogue has proven to be of excellent quality and
will generate good digital revenue. Digital classical music sales rose by
21.1% (source BPI 2011) in 2010. In addition to the digital sales campaign we
will be offering the catalogue to Film, TV, Multi Media and Gaming industries
to use as library music. Many classical tracks are used as 'background music'
for commercials and radio broadcast, we will make our library available via our
new online 'Sync Database' sync.ompplc.com to all of the relevant
music supervisors. This is the second largest acquisition that we have made to
date and we remain committed to investment to improve shareholder value and
continued growth. Our announcement of a second interim dividend last week
proves that One Media can monitise the content that it acquires."
The directors of the issuer accept responsibility for this announcement.
For further information please contact:
One Media Publishing Group plc Tel: +44 (0)17 5378 5500
Michael Infante, Chairman and Chief Executive; michael@ompplc.com
www.ompplc.com
Hybridan LLP, Corporate Adviser Tel: +44 (0)20 7947 4350
Claire Noyce
claire.noyce@hybridan.com
Notes to Editors
One Media is a provider of music and video rights to the music industry, with a
strong focus on `nostalgia' performances. Nostalgia is a very fast-growing
market, particularly among the affluent baby boomer generation. Strategically,
One Media's mission is to be a consolidator of music rights, and through a
steady stream of acquisitions since joining Plus in September 2006, it has
built a rights library including music by Ike and Tina Turner, George McCrae,
Edwin Starr, Marmalade The Royal Philharmonic Orchestra and Brian Poole & the
Tremeloes, The Sex Pistols, T.Rex, Lou Reed, Katrina, Mica Paris, Blink 182,
Ashanti, Matt Monro Jnr, Tony Christie, Anita Harris, Space, Rick Wakeman, Fat
Boy Slim, Pavarotti and over 1200 hours of classical music, to name but a very
few. It enjoys sales in the fast-growing digital music and video market, as
well as the traditional music industry. During 2009 One Media signed strategic
deals with EMI Music Publishing, Sony ATV, and Universal Music Publishing in
music catalogue representation deals. One Media is now an eligible company for
the Enterprise Investment Scheme ("EIS") and the Venture Capital Trust ("VCT").
HIGHLIGHTS for year ending October 2010. Increased turnover 53% to GBP
1,217,901. Pre-tax profits up 279% to GBP 249,732. Share buy-back of 52% of the
Company's shares and consolidated back to shareholders to enhance shareholder
value. At the half year (April 2011) Turnover increased by 9.4% to GBP635,713
(2010: GBP580,949); * Pre-tax profits increased by 44.5% to GBP151,123, (2010:
GBP104, 556); A Maiden interim dividend of 0.0345p per share; Acquired eleven
new music catalogues; Appointment of new PLUS Corporate Adviser;
Post-Period End Highlights, 12th May Michael Infante Awarded the PLUS SX CEO/
Chairman of the year award; 1st June, acquisition of the Bible and the Quran in
Spoken Word form; and 2nd June agreed digital exploitation of its catalogue via
the `Amazon Create a Disc' system. A second interim dividend of 0.0345p per
share announced November 2011.
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(END) Dow Jones Newswires
November 16, 2011 02:00 ET (07:00 GMT)