twitter Facebook

If you are a subscriber, you can login here

In tune. Informed. Indispensable.

One Media iP Group



One Media iP Group Plc, the digital media content provider that exploits intellectual property rights around music, video and copyright technology, is pleased to make two announcements this morning:

 

US $725,000 acquisition of 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.

Interim Results for the six-month period ended 30 April 2019. (full announcement here)

 

Financial Highlights

  • Revenue increased 31.6% to £1,585,687 (30 April 2018: £1,205,262)
  • Operating profit increased 23.9% to £284,360 (30 April 2018: £229,437)
  • EBITDA increased 18.6% to £404,715 (2018: £341,294)
  • Cash balances of £5,184,301 at 30 April 2019 (31 October 2018: £5,576,379)

Operational Highlights

  • Receipt of a recoupable advance against future digital earnings of US $1,000,000 (January 2019)
  • Acquisition of the music catalogue of Spanish label, Locomotive Records, for US $750,000 (February 2019)
  • Acquisition of a composition catalogue from Michael Dulaney, an American country music songwriter, for US $850,000 (April 2019)
  • Continued success through synchronisation deals with multiple secured in the first half of the year
  • Post-period end acquisitions of composition catalogues from Cole Taylor, an American country music singer-songwriter, for up to US $290,000 and Daniel Bashta, an American contemporary Christian singer and songwriter, for US $725,000
  • Invested US $2.6m through the acquisition of 4 catalogues, on a blended acquisition multiple of circa 7x

Submit news or a press release

Want to add your news or press release? Email Paul or Kevin

Two week FREE trial
device: pc