22 September 2015
One Media iP Group Plc
("One Media" or "the Group" or "the Company")
One Media litigates in the USA - Worldwide copyright infringement claim
Further to the announcement by the Company on 5 May 2015 regarding its litigation against Believe SAS ("Believe Digital Group"), S.A.A.R Srl and Henry Hadaway ("HHO Licensing Ltd and Henry Hadaway Organisation Ltd") in Nashville Tennessee.
One Media is pleased to announce that this litigation has now concluded. On 17 September 2015 the Federal Court in Nashville Tennessee issued a judgment in the sum of $781,846.32 USD against Henry Hadaway, HHO Licensing Ltd and Henry Hadaway Organisation Ltd (which includes costs of $9,928.82 USD) for the willful infringement of 1,466 recordings from the Point Classics catalogue owned exclusively by One Media.
Furthermore, One Media is pleased to announce that on 17 September 2015 it successfully settled its dispute with Believe regarding its exploitation of the same catalogue.
One Media is now exploring its legal options with regards to enforcing the award made by the Federal Court in Nashville Tennessee.
For further information, please contact:
| One Media iP Group Plc |
Chairman and Chief Executive |
| Michael Infante |
Tel: +44 (0)175 378 5500 |
One Media iP Group Plc
Alice Dyson-Jones |
Brand & Communications Manager
Tel: +44 (0)175 378 5501 |
| Cairn Financial Advisers LLP |
Nominated Adviser |
| Liam Murray / Jo Turner |
Tel: +44 (0)20 7148 7900 |
| Panmure Gordon (UK) Limited |
Broker |
| Mark Taylor |
Tel: +44 (0)20 7886 2500 |
Notes to Editors:
Notes to Editors: One Media is an intellectual property (iP) owner and controller of rights within the digital arena concerning music, video and digital distribution. The consumer led but B2B (Business-to-business) operation looks to exploit its catalogue of over 200,000+ music tracks and over 7,500 hours of video by recompiling the content for sale through over 100 digital music and video stores groups worldwide. The Company has a team of Creative Technicians, who digitise the content, create the metadata and re-compile and prepare the digital music & video releases using bespoke in-house software. Additionally, One Media makes its library of content available for TV shows, movies, adverts and websites requiring background music. One Media focuses on music performed by well-known artists from every genre, including; pop, rock, reggae, R&B, children's music, karaoke, jazz, soul, blues, rap, hip-hop, gospel, world-music, plus stand-up comedy, spoken-word. In July 2014 the Group acquired for a consideration of USD$1.6m the Point Classics classical music library bringing the number to over 10,000 classical tracks now available to the Group for exploitation. One Media is eligible for Enterprise Investment Schemes ("EIS") and Venture Capital Trusts ("VCT"). The company is profitable, cash resourced and has operated an active dividend policy.
