One Media iP Group
Plc
("One Media", or the "Company")
Board
Appointments
The Board of One Media is pleased to announce that Claire Blunt and Brian
Berg have, subject to normal regulatory due diligence,
agreed to be appointed as independent non-executive directors of
the Company with Claire Blunt as
Chair-Designate of the Company. A further announcement regarding
their appointment will be made in due course.
Michael Infante, CEO,
said:
"I am delighted to be able to announce our proposed new
independent non-executive directors and I am pleased to see our
proposed new board embracing gender diversity which is reflective
of our industry. Our proposed new independent non-executives bring
with them a wealth of experience in both the industry sector and in
managing strategic growth and I look forward to reviewing the
direction for our future growth with them.
As soon as the new appointments are formalised the new board
intends to conduct an extensive review of strategy and formulate a
revised business plan; whilst the strategy over the past two years
has served the Company adequately, myself and my fellow executive
directors, Alice Dyson-Jones and
Steve Gunning, feel it is
appropriate to review the performance of the business and the wider
opportunities to monetise our existing assets and experience with a
view to delivering enhanced shareholder value as a primary
goal.
We are unanimously of the view that global and national
circumstances of the business environment in which we operate (and
more widely) have changed and it is time to adapt our business
model to embrace and maximise the opportunities available to the
Company. At the same time we intend to maintain a conservative
financial policy, allowing the Company to be adaptive and agile
when opportunities present themselves, which may mean a move away
from making additional catalogue acquisitions funded in whole or in
part with comparatively expensive debt facilities.
We look forward to updating the market as we develop our new
plans".
Claire
Blunt, proposed independent non-executive Chair
Claire is currently the chief operating officer and chief
financial officer of Hearst UK. Prior to her current role Claire
was chief financial officer of Hearst UK but took on the additional
responsibilities of chief operating officer in 2017 to expand her
role.
Prior to her roles at Hearst UK, Claire has served in lead
financial and management roles at BrightHouse, Selecta Group,
Hobbycraft and Staples.
Brian
Berg, proposed independent non-executive director
Brian Berg is Chairman of Eclipse
Global Entertainment.
He also holds senior media and music consultancy roles for
various major companies and is Executive Producer on the hit
musical Dreamboats and Petticoats.
Prior to this Brian was the President of Universal Music
Enterprises and a director of Universal Music, which is the biggest
record company in the world.
Brian has been chairman of fundraising for the leading music
industry charity Nordoff Robbins Music Therapy, as well as a
governor of the school and is still very involved with the
charity.
This announcement
contains inside information for the purposes of Article 7 of EU
Regulation 596/2014. The person who arranged the release of this
information is Michael Infante,
Chief Executive Officer of the Company.
One Media iP Group
Plc
Michael Infante – CEO
www.omip.co.uk +44
(0)175 378 5501
Cairn Financial Advisers LLP
(Nominated Adviser) +44 (0)20 7213 0880
Liam Murray
Jo Turner
Ludovico Lazzaretti
Panmure Gordon (UK) Ltd
(Broker) +44 (0)20 7886 2500
James Stearns
Yellow Jersey PR (PR &
IR) +44 (0)20 3004 9512
Charles Goodwin
Dominic
Barretto
About One Media iP Group Plc
One Media iP is primarily a music rights owner and digital
distributor focused on the acquisition and exploitation surrounding
recorded music, publishing, the writers shares of income and video
intellectual property 'Rights'. The Company has a deep
understanding of digital content and the various industry
monetisation models and, as such, offers Rights Owners a route in
which to divest their music IP holding and for investors to share
in its potential success in corporate growth.
Historically the Company has grown through targeted acquisitions
of music content, expanding into various genres and territories
that stand to see increased returns driven by the global growth of
streaming. Its team of in-house creative technicians then ensure
that its existing and newly acquired content reaches its full
potential for monetisation, by digitising it and creating the
highest quality metadata prior to ingesting to over 600 digital
retailers such as iTunes, Spotify, Amazon, YouTube and Google Play
globally. In addition the Group's music is widely used for
synchronization in film, TV and digital gaming. The group also
operates over 20 You Tube channels as a certified partner.
One Media has created and developed the Technical Copyright
Analysis Tool (“TCAT”), a SaaS product monitoring where tracks
appear, safeguarding copyright, and providing invaluable data
regarding distribution opportunities for its creative technicians.
This tool is not only employed for Company use but also licenced
and operated in partnership with major music distributors and major
record labels.