Since the half-year, One Media has consolidated its position with a number of its licensor partners, by initiating deals whereby the Group effects a buy-out of the royalty income due to them on our exploitation of royalty bearing content. The Group has invested USD$122,550 in this activity, with a selected number of qualifying license partners which offer favourable benefits and savings to the Group. We believe this to be an efficient use of One Media's cash resources.
The Group has also signed further deals for more video and audio content. These include over 300 `Animal video documentaries' targeted at younger viewers, `Keep Fit" video material and `Underground Breakdance' video content. We are pleased to see viewership of content distributed via our newly established YouTube channels reach over 300 million minutes of viewing since November 2012.
Overall the Group retains a strong cash position; is debt free; profitable and is paying a healthy dividend. The move to AiM in April 2013 has improved liquidity in trading of the Company's shares and pleasingly the share price has performed well, now better reflecting, in the Boards' opinion, the underlying value and potential of the business.
We continue to seek further opportunities to expand our catalogue of both audio and visual content and looks forward to expanding the Group's business and returning value to shareholders. We look forward with confidence.
One Media is also pleased to announce that it has appointed Charles Stanley Securities as its new corporate Broker. Charles Stanley Securities will work alongside our existing NOMAD Cairn Financial. The directors believe that this appointment will broaden the company's reach and enhance investor access. We would like to thank the team at Hybridan for their professional service overthe last few years.