One Media iP Group PLC finds heaven as Take That deal helps improve outlook

One Media iP Group PLC (AIM:OMIP) hits the right notes.

The company, which exploits digital intellectual property rights around music, video and copyright technology, said full-year revenue rose 10% and profits soared by 11% to reach £4.38 million.

The gain was driven by organic growth and the active management of its rights portfolio, which now includes part of the Take That catalog.

Producer revenue royalties for Take That’s “A Million Love Songs”, “Could It Be Magic” and “I Found Heaven” are one of nine acquisitions made since the end of the year for a total cost of 4 £.3 million.

Chief Executive Michael Infante said: “2021 has been an active year for One Media, delivering another strong set of results, driven in large part by our £34.8m independently-valued content catalogue.

“We’ve welcomed top names to our stable, including some of Take That’s biggest hits through their producer’s royalty acquisition, as well as music from Kid Creole, Culture Club and, in our biggest acquisition to date, country music star Don Williams.

“These accretive investments are in line with our strategy of acquiring proven assets which we know can enhance our recurring revenue, while providing the opportunity to add value and grow revenue. This is supported by our complementary business ventures – Harmony IP and [software development subsidiary] TCAT – which will help us both diversify and further improve our revenue.

“The outlook for our industry is extremely encouraging, with accelerating growth and technological advancements providing us with increasing opportunities to place our assets and maximize royalties. Against this backdrop and with a strong balance sheet, we let’s look to the future with great optimism.”

Its shares are up 6.3% to 6.75p.


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