Bucks media manager One Media iP posts growth for 2023

One Media iP, a digital media content owner and manager, has shown growth despite ‘challenging conditions’ for the year ended 31 October 2023.

The Buckinghamshire business grew its revenues five per cent last year to £5.4 million.

It made investments of £2.1 million, two thirds of which went towards new acquisitions – including a share of the Entertain Me catalogue, with songs by Gloria Gaynor, The Drifters, Louis Armstrong, Don Williams and James Brown.

There was also continued investment in technical copyright analysis tools (TCAT).

And last September, One Media iP renewed its distribution deal with The Orchard, securing a million-dollar advance.

CEO Michael Infante said:“The founding principle of deriving profitable income from music copyrights continues to be our prime focus.

“Given our ongoing investment program into TCAT after consultation with advisers and significant shareholders, we’ve continued to grow our revenues from music rights, delivering a robust set of results despite the challenging conditions presented during 2023.

“The trajectory for the music industry remains positive and music rights as an asset class continue to prove their resilience to wider markets.”