One Media makes it's second largest acquasition to date of the 21 Vision classical catalogue of over 8,000 tracks amounting to more than 800 hours of classical music.
One Media, the PLUS quoted nostalgic entertainment content group has acquired all rights to the 21 Vision classical Music Catalogue for a total cash consideration of £104,000 GBP, the second largest content acquisition made by the group to date. The deal sees One Media take full control of the catalogue that it has been exploiting digitally on behalf of 21 Vision Ltd for the last 18 months.
The 21 Vision Classical Catalogue contains 8,000 tracks amounting to more than 800 hours of classical works composed by over 150 of the world's greatest composers including Mozart, Handel, Tchaikovsky, Bach, Verdi, Schubert, Mendelssohn, Brahms, Liszt, Grieg, Elgar, Haydn, Vivaldi, Beethoven and Debussy just to name a few. Examples of the classical masterpieces featured in the catalogue include La Traviata, Camina Burana, Air on a G string, The Nutcracker Suite, Peer Gynt, Romeo & Julliet, and Toccata and Fugue.
According to BPI statistics, sales of classical music digitally rose by 21.1% in 2010, this organic growth coupled with One Media's ability to maxamise the potential of music content it owns and exclusively licenses by repackaging it will see the deal produce significant revenues for the group over the coming years.
One Media operates on a B2B basis focusing on asset utilization, its key strengths include the ability maxamise revenue potential by producing advanced and detailed metadata and recompiling the music rights it controls to create new compilations and albums. One Media distributes its content, over 11, 000 albums, to over 300 digital music services worldwide operating streaming, subscription and permanent download stores. These includes iTunes, Amazon, Deezer, HMV, Tesco, Verison and Spotify, which is due to launch in Belgium, Austria and Switzerland this week.
One Media will also make the catalogue available for syncronisation use in films, TV programs, Ad's and Games via its online sync database which allows music supervisors to access and search the groups vast library of 120,000 tracks. One Media has already secured music placements with Disney ABC, Autotrader, and Ubisoft.
Michael Infante, Chief Executive of One Media, said:
We have had the opportunity to 'try before we buy' with this catalogue and it has proved to be of very high quality and will generate good revenue for the group. This deal demonstrates that we are committed to investing in catalogue and continuing our acquisition strategy, improving shareholder value and continued growth. We continue to prove our model to be both sustainable and profitable; the announcement of our second dividend last week establishes that One Media can monitise the content it acquires successfully.