Point Classics News One Media iP Group (AIM: OMIP), the digital media content provider, which consolidates, exploits and monetises intellectual property rights around music and video is pursuing a lawsuit in the USA against Believe SAS ("Believe Digital Group"), S.A.A.R Srl and Henry Hadaway ("HHO Licensing Ltd and Henry Hadaway Organisation Ltd") that was originally filed by Telos Holdings, Inc. d/b/a Point Classics in April 2014. In July 2014 One Media acquired the Point Classics Catalogue ("the Catalogue") from Telos Holdings Inc./Point Classics, LLC in the USA (see RNS dated 3rd July 2014) for a consideration of USD$1.6m. The Catalogue comprises 4558 US copyright registered Classical tracks by the world's leading composers. A significant number of tracks (no less than 1,466) have been identified by One Media as being unauthorised for exploitation worldwide by Believe SAS (a French Company) pursuant to an alleged physical license granted by HHO Licensing Ltd to S.A.A.R Srl (an Italian Company). The litigation is being prosecuted by One Media in the Federal Court in Nashville Tennessee and is being defended by Believe SAS and S.A.A.R Srl on the grounds of improper jurisdiction despite widespread worldwide exploitation by Believe SAS and SAAR, SrL both in and out of the USA. “We consider that it is important to protect our rights and that of our strategic partners. We have been forced to litigate in this matter to protect the rights engrained in our asset to prevent unauthorised exploitation of this important acquisition."
Synchronisation News There has been an increasing number of ‘tune placing’ over the last quarter. We have been successful in placing music from our own library and that of our strategic partners in some high profile broadcast opportunities, including adverts for: BMW and Toyota. From the world of TV and Film, we have had placing’s in the forthcoming Minions Movie, a track in the American series ‘Nashville’ ‘The Messengers’, ‘The Originals’, ‘Flash’, ‘Stereotypically You’, ‘Anitra's Dance’, ‘Looking’ and a show on Fox/FX Networks called ‘Wayward Pines’ to name a few. Monetising music through Film & TV is a strong way to get your content noticed and it does bolster your download opportunities especially if the tracks are relatively unknown.
Industry Update A recent trade study of the music business during 2014 (reported by Musically) established that digital revenues worldwide were up 6.9% in value last year (2014) to $6.85bn. The growth was stunted due to downloads (the iTunes model) dropping by 8% overall (10.9% for single tracks and 4.2% for digital albums). Streaming (the Spotify model) was up by 39% ($1.57bn) representing 23% of total digital income, taking up the slack caused by the loss in download revenue, (CD sales were down by 8%) streaming up by 18% on 2013 with Spotify, Deezer, Rdio, Napster, Tidal and others achieving 41million paying subscribers. This represents a growth of over 500% since 2010 and a 40% increase over 2013. Global sales as a whole including all formats were down 0.4% overall. The industry feeling is that this is encouraging and suggests that the market drop since the turn of the millennium is reaching a turning point. The industry will have to watch 2015 very carefully as to how much music sales (CDs and downloads) decline this year and monitor the growth in streaming versus the fall in other formats to establish the shape of the evolving music industry. One Media's end of year numbers for October 2014 showed turnover growth of 9.5% and normalized profit increase of 21.7% over the previous year (the 2014 reported pretax profit increase was 95% after AIM cost attributed in its 2013 numbers). "As a small business we are able to manage the 'curves' and respond quickly said Michael Infante OMIP's CEO "Our strengths are in our diversification across all the media platforms including YouTube, which remains the 'dark horse of streaming income, with now over 1.5bn users. Profitable monetisation is a ‘long wait’ for Spotify, as they are purely a delivery channel. As a content owner, we are profitable, debt free, cash resourced and paying dividends. Sure we have grown slowly but unlike many of our peers, listed or private, we have remained very positively ahead of the pack."
Artist News Ivor Novello winner, Mungo Jerry (Ray Dorset) famed for the global hit ‘In the Summertime’, which is estimated to have sold a staggering thirty million recordings and is now ‘officially recognised as the most played summer song of all time, will be releasing his exclusive new album ‘Good Times: Some Hits & More Stuff’ through One Media in June 2015. This will celebrate 45 years of ‘In The Summertime’ Just right for the Summer now – get the B-B-Q out, but don’t take the obligatory instructions to “Take a drink take a drive go out and see what you can find”. The picture below, which was featured in our end of year Reports and Accounts, demonstrates One Media’s routes to market and monetisation process of the music and video content exploited by the group.
One Media is also delighted to announce it is the exclusive distributor for Juliette Ashby. If you’ve not yet heard her name before, you soon will. A singer-songwriter from London, Juliette has a beautifully soulful voice, which is put to great use with an irresistible mix of R&B, Reggae and Neo-Soul. She has triumphed at some of the world’s most renowned festivals, including the Isle of Wight Festival and SXSW, and given outstanding performances at Perez Hilton’s ‘One Night In Austin Party’ and the ADD52 event hosted by Def Jam’s Russell Simmons. Having received support from BBC 1Xtra and MTV, Juliette secured a licensing deal with VH1, and broke the top ten of the prestigious ‘Next Big Sound’ chart with Billboard. Despite this heady success, Juliette can still be found performing at London’s Jazz Café where she hosts her very own music night. ‘JJ’s Soulshack’. New album ‘Over & Over’ is due for release on 26th May 2015 with One Media and will feature the likes of US sensation DA BRAT. With her unique and compelling sound, it can only lead for more success for this amazing artist. We definitely think Juliette Ashby is a name to look out for. A little taster here https://www.youtube.com/watchv=LLT93plxqdc
Staff Update The One Media team has seen a reshuffle in the way that we work internally. We are pleased to announce that the Creative Team is now split into three departments to cater for the expanding workload and changes within the industry. Firstly, we say goodbye to Kym Davies whilst she takes maternity leave. Kym was our first Creative Technician and has managed the team with her Co-Manager, Nina Musikant. We wish Kym the best in this new production! We are also pleased to congratulate Jeanine Ellington, who has been promoted to Senior Creative Technician and heads up the Group’s YouTube ingestion process. The three departments cover all aspects of the Groups Audio, Video and Copyright Control. Should you want to email any of the team leaders then please do so at:
- Senior Managing Creative Technician
- Senior Creative Technician
- Legal Copyright Coordinator