MR Gao /

Music rights firm One Media announced its latest financial results yesterday, for the first half of its fiscal year – which ended on 30 April. The company saw its revenues grow by 28% to just over £2m ($2.5m) while its operating profits nearly doubled to £563.2k.

One Media also said that some of the streaming trends during the Covid-19 pandemic, such as the boost to children’s, classical and ambient music, have been good news for its catalogue.

Also interesting: One Media says it is making “encouraging progress” towards launching its new program called Harmony IP, which like a growing number of other companies “looks to grant music rights holders with advanced access to the future earnings of their IP by purchasing a portion of their rights upfront”. The company said that Harmony has “received good levels of early interest from artists and the Group is working to take these discussions forward”.

Image by MR Gao /

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Stuart Dredge

Music Ally's Head of Insight

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