One Media iP Group plc Takes Positive Step in Strategic Simplification with Successful Disposal of TCAT
One Media iP Group plc (AIM: OMIP), a leading digital music rights acquisition and exploitation business, is delighted to announce the successful completion of the sale of its entire interest in TCAT Limited (“TCAT”) to Round Group Limited (“Round”). The transaction, completed through a Sale and Purchase Agreement (“SPA”) signed on 26 November 2024, marks a significant milestone in One Media’s strategic evolution.
Unlocking New Opportunities with Round
As part of the deal, One Media has secured a 5% equity stake in Round, a dynamic digital agency specialising in content, creators, and community-driven growth for brands and artists. This partnership positions One Media to benefit from Round’s anticipated growth and innovative services, such as its proprietary TikTok audio analytics tool, which complements TCAT’s cutting-edge technology.
Michael Infante, Group CEO of One Media, commented:
“This disposal represents a pivotal step in our strategy to focus on our core operations and drive profitability. TCAT’s innovative platform has a bright future under Round’s stewardship, and we are excited to retain a stake in its potential success. This move reflects our commitment to simplifying the Group while ensuring shareholder value.”
TCAT: Innovating Digital Music Protection
TCAT, developed in-house by One Media, is a revolutionary SaaS platform designed to monitor and protect digital music releases from unauthorised exploitation. With its global reach and real-time insights, TCAT has been instrumental in safeguarding One Media’s catalogue of over 400,000 music rights.
While TCAT has demonstrated significant potential, it remains in its beta phase, requiring further development. By transferring TCAT to Round, One Media ensures the platform is well-placed to realise its full potential, serving the broader music industry. One Media will continue using TCAT to protect its own and its licensors’ catalogues across digital service providers (DSPs).
Strategic Realignment for Growth
The decision to divest TCAT aligns with One Media’s strategy to focus on its core business, optimize operations, and drive shareholder value. The partnership with Round introduces new synergies, including access to advanced digital marketing services, strengthening One Media’s position in the evolving music industry landscape.
About Round Group Limited
Round Group Limited (https://thisisround.com) is a cutting-edge digital agency that leverages the power of content, creators, and communities to amplify brands and artists. With a proven track record of innovation, including its TikTok audio analytics tool, Round is ideally suited to further TCAT’s development and industry adoption.
Looking Ahead
This strategic transaction marks a new chapter for One Media iP Group plc as it simplifies its operations and builds a stronger foundation for future growth. Retaining a stake in Round ensures One Media’s continued involvement in TCAT’s success while unlocking new opportunities through its partnership with a forward-thinking digital agency.
