One Media iP Group Plc – Acquisition of Music Catalogue

One Media iP Group Plc (AIM: OMIP), the digital media content provider that exploits intellectual property rights around music, video and copyright technology, is pleased to announce that it has acquired the writer’s share for a number of songs written by Cole Taylor, a country singer-songwriter from Cuthbert, Georgia U.S., for a total consideration of US $260,000 at completion and a maximum deferred consideration based on financial performance of US $30,000 within 24 months.

Cole Taylor has quickly become an in-demand country songwriter and the catalogue acquired by One Media comprises some of his major hits including two which reached No.1 in the Billboard Country charts, ‘Sippin’ on Fire’, the Platinum single performed by Florida Georgia Line and ‘Home Alone Tonight’, performed by the multi-award winning country star Luke Bryan.

Country music consumption continues to grow as the shift to streaming continues. Country music amassed 50.88 billion streams in 2018, a 46 percent growth over the 2017 numbers.

Michael Infante, CEO of One Media, commented:  “We are pleased to be building momentum in our content acquisitions programme and are delighted to be adding these particular Cole Taylor songs to our catalogue. With a poignant way of capturing feelings, Cole Taylor has quickly become a hugely ‘in-demand’ country songwriter and a rising star in country music compositions.”