One Media iP Group PLC (AIM:OMIP) is hitting the right notes.
The firm, which exploits intellectual digital property rights around music, video and copyright technology, said full year revenues rose 10% and earnings climbed 11% to £4.38mln.
The gain was driven by organic growth and active management of its portfolio of rights which now include some of Take That's catalogue.
The producer's income royalties to Take That's 'A Million Love Songs', 'Could It Be Magic' and 'I Found Heaven' came as one of nine acquisitions made since the year end at a total cost of £4.3mln.
Chief executive Michael Infante said: "2021 has been active year for One Media, delivering another strong set of results, driven largely by our independently valued £34.8mln content catalogue.
"We welcomed some high-profile names to our stable, including some of Take That's highest profile hits through the acquisition of their producer's royalties, as well as music by Kid Creole, Culture Club and, in our largest acquisition to date, country music star Don Williams.
"These income accretive investments are in line with our strategy of acquiring proven assets that we know can enhance our recurring revenues, while also providing opportunity to add further value and grow income. This is supported by our complementary business ventures - Harmony IP and [software development subsidiary] TCAT - which will both help us diversify and further improve our revenue.
"The outlook for our industry is extremely encouraging, with growth accelerating and technology advances providing more and more opportunities for us to place our assets and maximise royalties. Against this and with a strong balance sheet we're looking to the future with great optimism."
Its shares are up 6.3% at 6.75p.