One Media iP reports 'solid' acquisition pipeline

One Media IP Group

3.60p

13:50 15/11/24

-4.13%

-0.15p

Digital media content provider One Media iP said on Thursday that 2020 was a period of “continued solid progress” in both growth and profit, despite global challenges amid the Covid-19 pandemic.

The AIM-traded firm, which was holding its annual general meeting, said that building its catalogue of music rights was “central” to its business, having announced three large deals since the year ended.

“I am pleased to say that the group has a solid acquisition pipeline and continued deployment of monies raised in 2020 within the directors’ expectation and utilising both our Harmony Ip and TCAT initiatives,” said chief executive officer Michael Infante.

“We look forward to the remainder of the financial year with confidence.”

At 1026 BST, shares in One Media iP Group were down 6.71% at 7.51p.