One Media iP Group announces 'Entertain Me' catalogue of rights acquisition
One Media iP Group, the Buckinghamshire-based company, which specialises in buying and monetising music and video intellectual property rights, said it had made a 'material' acquisition.
It has bought the licensor's income share of the 'Entertain Me' catalogue, which comprises more than 15,000 tracks, including songs by Ray Charles, Jose Carreras and Gloria Gaynor.
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Since 2009, the catalogue has been distributed by One Media iP Group's long-term distribution partner The Orchard, which continues to ensure tracks are available across all known digital platforms, including Amazon Music, Apple Music and Spotify.
"This acquisition not only gives us income exposure to new songs in our sweet spot of music nostalgia, it also allows us to strategically consolidate certain income streams where we also have a portfolio exposure to some of the tracks in the Entertain Me catalogue," said Michael Infante, CEO of One Media iP.
"It also adds a proven new revenue source at an attractive multiple."
The deal is immediately income accretive and will enhance both revenues and portfolio net asset value (NAV), noted the company.
It supports its strategy of owning and managing evergreen music rights that have a proven track record of delivering long term, recurring income, it added.
The catalogue also includes artists such as Dean Martin, The Drifters, Don Williams, James Brown, Judy Garland, Jacki Wilson, the Royal Philharmonic Orchestra, The New England's Children's Choir and Louis Armstrong.
Songs range from the 1940s to the 1970s and include classical, blues, country, children's music, lullabies, jazz, swing and disco.
One Media adds value to its content by maximising its availability in over 600 digital stores globally, including Apple Music, YouTube, Amazon and Spotify.
Its music is also widely used for synchronisation in film and TV whilst its video content is primarily viewed on YouTube where One Media operates over 20 YouTube channels as a certified partner.
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