One Media’s Michael Infante says music is still a sound investment as revenues continue to grow

25 July 2022 - Press release

 Investors in UK music firm One Media iP are clapping their hands to the sound of music, as the company announced another positive set of results.

The small but highly profitable company hit the headlines recently with its cheeky offer of £3.5m for a 1% stake in Pink Floyd's catalogue. But it backed up the PR with yet another solid set of half year results, with turnover up by 13% to £2.4m and profit up by an impressive 39% to £1m.

Michael Infante, CEO of One Media Group Plc  said:

"It has been said before that music is recession proof and that is borne out by our numbers. Despite  the challenges at home and abroad, people still want to listen to music - more than ever when things are tough. One Media trades exclusively in the digital world: that means no physical product and the costs associated with it such as manufacturing, shipping and staffing costs. We’re not restricted by the space on the shelves, so all of our music is available all of the time, on Spotify, Amazon and the others, across the world, day and night. And we protect it with our world leading TCAT anti-piracy software, which is now also used by the Major Record labels to police and protect their content.”

Further information: One Media Half-Year report