leadf
logo-loader
viewOne Media iP Group PLC
(
AIM:OMIPFRA:1M9
)

One Media acquires writers royalties to Kid Creole and the Coconuts catalogue (ha-cha-cha-cha!)

The back catalogue of Kid Creole and the Coconuts? It's a wonderful thing (baby)

Kid Creole
No, it's not Lou Bega and Mambo No. 5; this guy pre-dates that

One Media iP Group PLC (LON:OMIP) has acquired the writer’s share to the royalties of more than 250 tracks of Kid Creole and the Coconuts.

The digital music rights acquirer, publisher and distributor said the acquisition has been funded through the company’s existing cash resources.

Kid Creole and the Coconuts is a band created by self-styled “Tropical Gangster” August Darnell. The group’s best-known hits are “I’m A Wonderful Thing, Baby”, “Annie, I’m Not Your Daddy” and “Stool Pigeon”.

On the music streaming platform Spotify alone, Darnell commands more than 154,000 listeners monthly and his chart-topping hit “Annie, I’m Not Your Daddy” has been streamed more than 4mln times.

"I started Kid Creole and the Coconuts in 1979. I had no idea then that I was destined to enjoy success around the world for the next 40 years. With the team at One Media iP and their Harmony iP initiative I have now ensured my musical legend will continue for another 40 years," said Darnell, a man who does not lack self-confidence (as can be deduced from some of his song titles).

Michael Infante, the chief executive of One Media iP, said the company was delighted to announce its third acquisition of 2021 through its Harmony iP programme.

“Acquisitions such as these continue to add value to our business through a recurring revenue model and as such, we have a strong pipeline of future acquisition targets for 2021. Furthermore, our proprietary market-leading anti-piracy TCAT software can underpin and police the future integrity of artists income by assuring that all uses of tracks under our umbrella are protected and enforced and that all reporting of usage is carefully monitored. This is a significant advantage for One Media when securing royalty acquisitions such as these, and a huge positive for all parties involved in the income chain of rights monetisation,” Infante said.

 

Quick facts: One Media iP Group PLC

Follow
AIM:OMIP

Price: 7.02 GBX

Market Cap: £15.62 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

One Media iP commits to scaling up and staying ahead of trend

Michael Infante, chief executive and founder of One Media iP (LON:OMIP) is determined to spend the money it raised last year now the economy is re-opening. In this interview with Proactive London, he explains how the digital music rights publisher and distributor made notable acquisitions in...

on 20/7/21

2 min read