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One Media iP acquires producer royalties on some Take That songs

One Media has acquired for a modest consideration the producer royalties of 'A Million Love Songs', 'Could It Be Magic' and 'I Found Heaven'

One Media IP Group -

One Media IP Group PLC (LON:OMIP), the digital music rights acquirer, has acquired the producer royalties of a selection of tracks by Take That.

The rights have been acquired from Ian Levine, a British songwriter, producer and DJ.

Take That, possibly the most successful British “boy band” of all time, had 28 top 40 singles in the UK, 12 of which reached number one.

One Media has acquired for a modest consideration the producer royalties of 'A Million Love Songs', 'Could It Be Magic' and 'I Found Heaven', all from Take That's 1992 debut studio album, 'Take That & Party'. The company has also acquired the producer royalties of two other recorded Take That tracks that have never been released.

"2021 has got off to an excellent start for One Media with our acquisition of the producer royalties of these Take That smash hits from Ian Levine, with whom we have worked closely since 2006 after signing our first digital deal for his Motorcity Records and Hi-NRG and Pop recordings,” said Michael Infante, the chief executive officer of One Media iP in a statement.

"The acquisition follows our successful £6 million fundraise announced in August 2020 and marks the first of a strong pipeline of deals to be executed through our innovative Harmony IP programme. Given the current global crisis and corresponding impact on the live music sector, we have found an increasing number of artists are evaluating alternative income opportunities and are looking favourably upon our initiative,” he added.

In a separate announcement, the group announced that its non-executive chairman, Claire Blunt, has been appointed as chief advertising officer and chief executive officer international at the Guardian Media Group, which she will fulfil alongside her current role at One Media.

Quick facts: One Media IP Group

Price: 7.5 GBX

AIM:OMIP
Market: AIM
Market Cap: £16.68 m
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