One Media IP puts in first bid for Pink Floyd catalogue13 May 2022 - Press release
The AIM-listed UK digital music publisher and content acquirer has offered £3.5m for a 1% stake in the legendary catalogue.
If accepted, the purchase will be made via the company's Harmony iP scheme which is designed to partner with artists, producers and content owners by making percentage acquisitions in catalogue and royalty income streams. High profile deals have recently been made with early Take That hits, Culture Club and 70s disco supergroup Heatwave.
The offer includes in-perpetuity access to the company's anti-piracy 'TCAT' software which uses AI to police and protect content across the world 24/7, saving £millions annually in fraudulent use of music across platforms such as Spotify and Amazon.
This add-on, says CEO Michael Infante (pictured), will add immediate value to the entire Pink Floyd catalogue.
"Whilst our bid is for a single percentage share in Floyd's phenomenal catalogue , our TCAT anti-piracy offer extends to the entire catalogue. Anyone purchasing the remaining 99% will enjoy the protection – for free - that TCAT affords. It will be a win-win for the artist, the catalogue and of course, One Media and its shareholders if our offer is accepted."
Infante acknowledged the ambitious nature of the bid but says the company is in a position to make an immediate acquisition.
"One Media iP may not be the biggest player in town but we are profitable and we have cash in the bank." he said. "Our shareholders will love this deal if we can pull it off. The £350 million asking price looks about right and we are in a position to put down £3.5 million for 1% right now."
"We have done our numbers."