One Media iP (GB:OMIP) has released an update.
One Media iP Group PLC reports a 5% increase in total revenue to £5.4 million for the year ended 31 October 2023, with a slight decrease in EBITDA and EPS, reflecting further investments into their copyright protection technology, TCAT. The company also highlights the acquisition of the Entertain Me catalogue and a renewed distribution deal with The Orchard. Despite economic challenges, the music industry’s growth outlook remains strong, with One Media strategically positioned to leverage its music rights portfolio and new technology advances.
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