About the company
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 and over 40 other digital store providers.
How it is doing
One Media iP Group PLC (AIM:OMIP) has announced that it expects to report an increase in revenue for the full year.
Total revenue for the year to October will likely sit at £5.4 million, the digital music rights firm said on Monday, marking an increase of 5%.
Net revenues are expected to rise by 10% to £3.6 million meanwhile, after One Media iP’s core music rights management business enjoyed a strong year.
Cash and pre-tax earnings are set to fall in line with expectations to £1.2 million and £1.4 million respectively, following a strategy shift to redirect cash toward anti-piracy software subsidiary TCAT Ltd.
One Media iP Group PLC (AIM:OMIP)'s share price rose 9% in early trading following its acquisition of the licensor's income share of the Entertain Me music catalogue, boasting over 15,000 tracks.
One Media iP Group PLC (AIM:OMIP) has acquired the licensor's income share of the Entertain Me music catalogue, which features over 15,000 songs.
Including tracks by artists such as Gloria Gaynor, Louis Armstrong and James Brown, the catalogue is set to instantly boost revenue and One Media’s portfolio value, the company announced on Tuesday.
What management says
One Media iP Group PLC (AIM:OMIP) CEO Michael Infante speaks to Thomas Warner from Proactive after the digital music rights acquirer, publisher and distributor released a trading update for the six months to 31 October 2023.
Infante starts with an overview of the firm's financial performance, highlighting a 5% increase in gross revenues and a significant 10% rise in net revenues. This growth reflects the company's successful margin extraction from its core business, aligning with directors' expectations.
Infante also highlights strategic acquisitions, particularly smaller deals, that continue to fuel the company's progress.