ONE MEDIA IP GROUP PLC — M&A Activity 2014

Jul 3, 2014

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ONE MEDIA IP GROUP PLC - Acquisition of Point Classics catalogue

PR Newswire

London, July 2

                        One Media iP Group Plc                 ("One Media" or "the Group" or "the Company")             Acquisition of the Point Classics catalogue of rightsOne Media iP Group Plc (AIM: OMIP), the digital media content provider, whichconsolidates, exploits and monetises intellectual property rights around musicand video, is pleased to announce that it has acquired from Telos Holdings Inc.("Telos") of Los Angeles, USA, the entire rights to the Masters and all assetsfor the classic music catalogue known as \`Point Classics.'The deal, which comprises over 4,000 classical recordings and all corporatelogos, registrations and distribution rights, was signed for a totalconsideration of USD1,600,000 to be satisfied from existing cash resources.The rights to the Point Classics catalogue have been owned by Telos/PointClassics since its acquisition in 2000 and a solid profitable income stream forthe content has been built. In addition to developing a worldwide reputation indigital exploitation and physical licensing to record labels the catalogue hasalso been the subject of synchronisation deals with film and TV companies. Dueto the confidentiality of today's acquisition, no further information regardingtoday's news can be disclosed.Point Classics is currently one of the leading digital classical musiccatalogues and comprises many of the great masterpieces by the world's greatestcomposers. Works composed by Vivaldi, Verdi, Tchaikovsky, Strauss, Smetana,Schumann, Schubert, Rossini, Ravel, Pachelbel, Mozart, Hadyn, Handel, Dvorak,Brahms, Bizet, Beethoven, Bach and Albinoni to name just some of the over 100composers within the catalogue of rights.  The music is performed by a varietyof international orchestras. Point Classics operates a digital web site formusic supervisors and licensees alike whereby the content is regularlyexploited on a B2B basis only.Commenting on the acquisition, Michael Infante CEO & Chairman of One Media,said: "This is a significant rights acquisition accompanied with an earningsenhancing income from the outset.  It further boosts our presence in thissector alongside the Red Note Classics collection that we acquired in 2011. Ourlibrary of classical music will now be one of the leading digital librariesworldwide."Tanvi Patel, Managing Partner of Point Classics : "We are delighted to haveconcluded this deal with One Media which has demonstrated an ability over thelast few years, in which we have traded, to be professional digital exploitersof this genre of content. I am sure that they will maintain the integrity ofthe Point Classics library with their market penetration and vigilant policiesof copyright enforcement."For further information, please contact:One Media iP Group Plc                           Chairman and Chief ExecutiveMichael Infante                                  Tel: +44 (0)175 378 5500Cairn Financial Advisers LLP                     Nominated AdviserLiam Murray / Jo Turner                          Tel: +44 (0)20 7148 7900Charles Stanley Securities Limited               BrokerMark Taylor                                      Tel: +44 (0)20 7149 6000Yellow Jersey PR Limited                         Financial PRKelsey Traynor/Dominic Barretto/Philip Ranger    Tel: +44(0)7799 003 220Notes to Editors:  One Media is a digital music and video rights owner. Theconsumer led but B2B (Business-to-business) operation looks to exploit itscatalogue of over 200,000 music tracks and over 7,000 hours of video byrecompiling the content for sale through over 600 digital music and videostores worldwide. The Company has a team of Creative Technicians who digitisethe content, create the metadata and re-compile and prepare the digital music &video releases using bespoke in-house software.  Additionally, One Media makesits library of content available for TV shows, movies, adverts, games andwebsites. One Media operates an online sync database system that enables musicsupervisors to explore the library and select tracks for music briefs.  OneMedia 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 andover 1,000 hours of classical music.  One Media is eligible for EnterpriseInvestment Schemes ("EIS") and Venture Capital Trusts ("VCT")