LONDON, UK: One Media iP Group, the digital music company, has acquired the licensor’s share of the royalties to the 21 Vision catalogue of rights, which contains over 2,000 recordings from some of the all-time music greats from over the last seven decades.
Since 2009, the 21 Vision catalogue has been licensed to One Media on a royalty-sharing basis. As part of the deal, One Media has acquired the licensor’s royalty share of the catalogue on an in perpetuity basis, which allows the Company to continue to exploit the catalogue via all of its digital mediums and collect all revenues associated with the licence.
The Catalogue includes rare music concerts and live recordings performed by over 70 artists who, since the digital era began, have a renewed popularity as they are rediscovered by growing global audiences.
Such performers include Glenn Millar, The Andrews Sisters, The Ink Spots, Vera Lynn, Count Basie, Flanagan & Allen and Cole Porter, music reminiscent of the Dads Army generation (over 60+) whose age group now form 29% of digital streaming consumers according to Statista.
Michael Infante, CEO of One Media iP, commented: “We have worked with 21 Vision for 12 years, marketing their music catalogue on a royalty sharing basis. By buying out the licensor’s royalty share, One Media secures the rights to the catalogue on an in-perpetuity basis, whilst also increasing its margin by taking a bigger share of the royalty.
The Harmony IP initiative is open to all of our existing licensors, and allows One Media to increase its profitability using its cash resource to acquire our partners’ royalty streams. We look forward to keeping the market updated on our progress.”