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Investegate |Arena Events Group Announcements | Arena Events Group: Results of General Meeting


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One Media iP Group Plc - Acquisition of 21 Vision catalogue royalties


One Media iP Group Plc - Acquisition of 21 Vision catalogue royalties
PR Newswire
( One Media or the Company )
Acquisition of 21 Vision catalogue royalties
One Media iP Group Plc (AIM: OMIP), the digital music rights acquirer, publisher and distributor, is pleased to announce that it has acquired the licensor s share of the royalties to the 21 Vision catalogue of rights ( the Catalogue ), which contains over 2,000 recordings from some of the all-time music greats from over the last seven decades.
Since 2009, the 21 Vision catalogue has been licensed to One Media on a royalty-sharing basis. As part of the deal, One Media has acquired the licensor s royalty share of the catalogue on an in perpetuity basis, which allows the Company to continue to exploit the catalogue via all of its digital mediums and collect all revenues associated with the licence. ....

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