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One Media iP Group Plc
("One Media” or the "Company")
Acquisition of Rights
One Media iP Group Plc (AIM: OMIP), the digital music rights acquirer, publisher and distributor, is pleased to announce that it has acquired a percentage of the producer royalties to over 100 tracks produced by award-winning producer, Steve Levine (“Acquisition”) which includes music performed by Louise, 911, Culture Club and the Honeyz.
The Honeyz, an English R&B girl group enjoyed three UK top 10 hits produced by Levine, "Finally Found", "End of the Line", "Love of a Lifetime”. Culture Club found fame with the global hit “Karma Chameleon” and “Do you really want to hurt me”, hits that made Levine one of the most sought-after producers in the industry.
The Acquisition was completed under One Media’s innovative Harmony iP asset release scheme which includes the bespoke TCAT software, which monitors music streams across over 600 music platforms around the world, 24 hours a day, identifying unauthorised use and copyright infringements.
“For someone who has always been interested in tech, this was a big draw for me”, said Levine, “Tracking royalties across the online world is extremely complicated… much better to partner with a company leading the way in this field. One Media’s TCAT software is a phenomenally powerful game-changing tool.”
Steve Levine has always been at the cutting edge of music and technology, winning a BRIT Award in 1984 for Producer of the Year. The deal with One Media will see a partnership that ensures hits such as “Karma Chameleon” which topped the charts in 1983 will be future proofed, as the TCAT software goes to work.
The Acquisition has been funded through the Company’s existing cash resources. The Acquisition is in line with management’s expectations and the Company’s business plan.
Michael Infante, CEO of One Media iP said: “We are big fans of Steve’s work and to complete this deal under the Harmony iP initiative incorporating TCAT care is a further vindication of our strategy. Steve’s production skills are legendary, he created a sound and theme for the 1980s that was to become the sound of a generation.”
The person who arranged the release of this information is Michael Infante, Chief Executive Officer of the Company.
One Media iP Group Plc
+44 (0)175 378 5500
Cairn Financial Advisers LLP (Nominated Adviser)
+44 (0)20 7213 0880
Cenkos Securities plc (Broker)
+44 (0)20 7397 8900
+44 (0)7930 304301
About One Media iP Group Plc
One Media is a digital music rights acquirer, publisher and distributor. The Group specialises in purchasing and monetising intellectual property rights with proven, repeat income streams. One Media adds value to its content by maximising its availability in over 600 digital stores globally, including Apple Music, YouTube, Amazon and Spotify.
One Media’s music is also widely used for synchronisation in film and TV whilst its video content is primarily viewed on YouTube where One Media operates over 20 YouTube channels as a certified partner. Additionally its www.tcat.media copyright infringement and digital music audit tool software TCAT, is used daily with major record labels and the world leading digital international distributor. Men & Motors its branded car channel is now available via connected Wi-Fi enabled smart TV’s via its web site www.menandmotors.com and YouTube.
One Media is listed on the London Stock Exchange on the AIM index, under the symbol ‘OMIP’.
About Steve Levine
A BRIT Award in 1984 for Producer of the Year followed and Levine went on to produce a diverse body of work with artists including, The Beach Boys, Culture Club, Stevie Wonder, The Honeyz, John Howard, China Crisis, Motörhead, Ziggy Marley, Westworld and Gary Moore. Levine launched his own label, Hubris Records, and an award-winning production company, Magnum Opus, which received a Sony Award for BBC Radio 2’s The Record Producers series.