Take that

Take That, Boy George and Louise Redknapp contribute to double-digit returns at One Media

One Media owns, publishes and distributes digital music copyrights, which it monetizes to generate annuity-like revenue streams.

It derives the majority of its revenue from royalties collected from the use of the company’s content internationally, which it enhances by improving its availability globally across 600 digital stores, including Apple Music, YouTube, Amazon Music and Spotify.

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This year’s catalog acquisitions included producer revenue royalties for Take That’s “A Million Love Songs”, “Could It Be Magic” and “I Found Heaven”, all from Take That’s debut studio album in 1992, Take That & Party; the producer’s rights to music performed by Culture Club, including the global hit “Karma Chameleon” and “Do You Really Want to Hurt Me”; as well as 1990s stars Louise Redknapp, 911 and the Honeyz.

(left-right) Mark Owen, Gary Barlow and Howard Donald of Take That. Photo: Peter Byrne/PA Wire

This helped the group generate a 10% increase in total revenue and an 11% increase in EBITDA to £4.4m and £1.65m respectively, driven by growth organically and actively managing its portfolio, One Media said.

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Michael Infante, CEO of the company, said: “2021 has been an active year for One Media, delivering another set of strong results, largely driven by our £34.8m independently-valued content catalog. .

“We’ve welcomed top names to our stable, including some of Take That’s biggest hits through their producer’s royalty acquisition, as well as music from Kid Creole, Culture Club and, in our largest acquisition to date, country music star Don Williams. These accretive investments are consistent with our strategy of acquiring proven assets that we know can enhance our recurring revenue, while providing the opportunity to add value and increase revenue.This is supported by our complementary business ventures – Harmony IP and TCAT – which will help us both diversify and further improve our revenue.

“The outlook for our industry is extremely encouraging, with accelerating growth and technological advancements providing us with increasing opportunities to place our assets and maximize royalties. In this context and with a solid balance sheet, we look to the future with great optimism.