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One Media iP Group Plc announced the appointment of Nick Stewart as Chief Executive Officer to the board of its subsidiary, TCAT Limited, effective 21 February 2022. One Media iP Group Plc holds a majority shareholder position in TCAT Limited.
| Date | 14 Feb 2022 |
| Time | 07:00:07 |
| Category | Miscellaneous |
| ID | 5065B |
One Media iP Group Plc
("One Media" or the "Company")
TCAT CEO Appointment
One Media iP Group Plc (AIM: OMIP), the digital music rights acquirer, publisher and distributor, is pleased to announce the appointment of Nick Stewart as Chief Executive Officer to the board of the Company's subsidiary, TCAT Limited on 21 February 2022.
Nick Stewart will use his experience of the global music market, royalty collection and music piracy to build the profile of TCAT Limited and its ground-breaking A.I software, which monitors millions of music tracks across the world, saving rights holders millions in unpaid or fraudulently claimed royalties.
The Company is the majority shareholder in TCAT Limited and uses the technology to police its own catalogue which includes income derived from tracks performed by Kid Creole, Take That, Don Williams, Mungo Jerry, Mago De Oz, Heatwave, Culture Club and many more.
Nick Stewart started at Island Records in August 1979. His first two signings were U2 and Killing Joke. Since then, he has worked in all areas of the business, from senior vice president roles at Rhino / Warner Music and BMG to presenting his own show on Virgin Radio as 'Captain America'. In 2007 he established Nick Stewart & Associates, a consultancy which incorporates marketing, catalogue exploitation, and management with clients including The Eagles, Glenn Frey, Don Henley, Joe Walsh, U2, Neil Diamond, Earth Wind & Fire, Michael Bolton, Steely Dan, Bonnie Tyler, Sugarland, Vangelis, Steve Winwood, Sir Cliff Richard, Yusuf Islam (Cat Stevens), New Kids on the Block, Live From Abbey Road TV Show and Sir Timothy Rice.
Nick Stewart commented: "TCAT operates at the sharp end of the music business. It is transforming royalty tracking from manual to automated, using A.I. to monitor millions of songs, with a speed and accuracy which human teams are unable to match.
It is a wonderful example of the positive impact A.I can offer our industry. TCAT is able to help individual artists through to major labels, policing and protecting their work with great accuracy, ensuring royalties do not flow into the wrong hands."
Michael Infante, CEO of One Media iP, commented: "Nick is something of a legend in our business so we are thrilled to announce his appointment. His track record of bringing cutting edge music to the market is unquestionable. Now he will use all his years of music industry knowledge to deliver pioneering technology that protects the global music market for artists and record companies alike."
-Ends-
The person who arranged the release of this information is Michael Infante, Chief Executive Officer of the Company.
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One Media iP Group Plc |
+44 (0)175 378 5500 |
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Cairn Financial Advisers LLP (Nominated Adviser) |
+44 (0)20 7213 0880 |
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Cenkos Securities plc (Broker) Giles Balleny Max Gould Michael Johnson (Sales)
Pete Flatt / PPR Publicity |
+44 (0)20 7397 8900
+44 (0)7930 304301
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About One Media iP Group Plc
One Media is a digital music rights acquirer, publisher and distributor. The Group specialises in purchasing and monetising intellectual property rights with proven, repeat income streams. One Media adds value to its content by maximising its availability in over 600 digital stores globally, including Apple Music, YouTube, Amazon and Spotify.
One Media's 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. Additionally its www.tcat.media copyright infringement and digital music audit tool software TCAT, is used daily with major record labels and the world leading digital international distributor. Men & Motors its branded car channel is now available via YouTube www.youtube.com/channel/UCNLiybn_9jgQaV0NZlSRwCg
One Media is listed on the London Stock Exchange on the AIM index, under the symbol 'OMIP'.
For further information, please visit www.omip.co.uk and www.harmonyip.com/
About TCAT Ltd.
Created in-house at One Media iP Group Plc (LON: OMIP) and subsequently now a stand-alone business, TCAT provides its policing services to several major record labels and industry societies globally, in addition to individual artists and producers including Steve Levine (Culture Club), Ian Levine (Take That) Barry Blue's Heatwave recordings and over 250,000 of One Media's own catalogue which includes repertoire from Vera Lynn to The Clash.