2015 brought with it some important changes to tax laws in Europe. The result: there are now regulated, statutory rates that must be paid by businesses selling digital products across the continent. Retail tax changes and VAT equivalents across Europe have been affected. iTunes and others have been impacted by the change in law regarding VAT on sales. It (iTunes) has subsequently reduced its wholesale rates to partners by an average of 9% for music sales, and 16% for music video and concert film sales.
On the 27th November 2014 One Media iP took second place at the prestigious European Small and Mid Cap Awards. Whilst we dont chase the attention, it is wonderful to gain international recognition for our teams efforts and I would like to thank all those involved in this great initiative. The evening offered the chance to meet other colleagues in listed companies from the 27 participating countries and was enlightening. It further demonstrated how important being a listed company here in London really is. It was an honour to receive an award amongst such phenomenal competition. Well done all.
Our Point Classics label now has its own dedicated YouTube channel and we have been creating videos in house for the further exploitation of classic music in 30-second bites, showcasing the most recognisable and famous parts from the most famous classical works and composers. The channel can be viewed here: https://www.youtube.com/user/PointClassics
Men and Motors is gathering traction. The YouTube channel is receiving over 300,000 views a week and new clips are being added weekly. Additionally M&M will be attending the Geneva Motor show to meet the many motoring manufacturers in its initiative to establish closer links with the trade with a view to creating new content for its growing YouTube Channel. More news on this will be forthcoming as we look to the future and further expansion of the M&M brand.
Synchronisation Opportunities: How do you get your music placed into a film/TV or advert? We are pleased to announce that we have struck a deal with Pure Sync in the UK to represent certain rights on behalf of our content partners whereby we have Sync contractual arrangements in place. Sync is an ever-important revenue generator outside of the traditional method of deriving income for content. Getting your content in front of the right people is always a challenge. Our intention is to partner with many such organisations worldwide to generate as many opportunities as possible to continue to grow your revenues.