One Media IP has published its financial results this morning for its last fiscal year, which ended on 31 October 2021. The music and video rights firm said its revenues grew by 10% to £4.4m ($5.7m) that year, driven by a mixture of organic growth and catalogue acquisitions.
What were those deals? One Media broke them down: £4.3m spent on nine acquisitions, including producer’s income royalties to several tracks from UK man-band Take That’s debut album, and the composition rights to more than 200 tracks by country artist Don Williams. The latter was One Media’s biggest acquisition to date.
Meanwhile, One Media invested £800m in its TCAT subsidiary, which develops anti-piracy technology. “The outlook for our industry is extremely encouraging, with growth accelerating and technology advances providing more and more opportunities for us to place our assets and maximise royalties,” said CEO Michael Infante.
Tools: platforms to help you reach new audiences
Tools :: Wyng
Through Music Ally’s internal marketing campaign tracking, we’ve recently discovered an interesting website by the…