Mental property rights firm One Media iP Group mentioned on Friday that it has continued the constructive momentum it described initially of Might, with buying and selling nonetheless consistent with the expectations of its board.
The AIM-traded agency, which was holding its annual normal assembly, additionally famous that it was “one of many few companies” which was capable of declare a dividend within the present, “difficult” circumstances.
Non-executive chair Claire Blunt mentioned that, because it mentioned in its 2019 ultimate outcomes assertion, One Media had continued to focus its proprietary ‘Technical Copyright Evaluation Software’ (TCAT), which automates the duty of monitoring digital music releases and figuring out situations of unauthorised releases on professional music shops.
“We proceed to see elevated curiosity in TCAT’s options from a number of the main gamers within the music trade and we’ll proceed to discover alternatives to allow additional funding within the know-how and scale this pioneering platform,” Blunt mentioned.
“One Media additionally stays centered on taking a look at prospects to grant music rights holders’ superior entry to the long run earnings of their mental property by buying a portion of their rights upfront.”
Blunt defined that the corporate’s ‘Concord IP’ platform would take a look at providing the trade a type of asset launch in music mental property.
That will permit the agency to unfold its funding throughout additional catalogues, partnering with artists and composers, whereas utilizing its experience and TCAT to develop earnings for all events.
“Having already made a notable begin to 2020, and with the announcement of a return to our dividend coverage, the group will proceed to concentrate on progress and can look to maximise its potential given the present world scenario all through 2020.”
At 1230 BST, shares in One Media iP Group had been up 6.3% at 7.31p.
— to www.sharecast.com