One Media IP Group PLC (LON:OMIP), the music royalty and copyright specialist, said it was confident of another good year in a statement ahead of its AGM.
Michael Infante, chief executive, added: “Central to our business is building our catalogue of music rights.
"Post-year-end, we announced three deals that have been well covered in the national press and I am pleased to say that the group has a solid acquisition pipeline and continued deployment of monies raised in 2020 within the directors’ expectation and utilising both our Harmony Ip and TCAT initiatives.”
"We look forward to the remainder of the financial year with confidence.”
Most recently, One Media acquired the rights to the back catalogue of Kid Creole and the Coconuts following deals for the producer royalties from a selection of Take That tracks and ownership of songs by old-time greats such as Glenn Miller, Cole Porter and Count Basie.
Revenues in the year to end-October rose by 14% to £4mln with profit before tax up by a third to £740,000.