31 May 2013
Press ReleasesThames Valley and South Coast accountants James Cowper Kreston has advised music and film rights owner One Media on its successful AIM float.
One Media, based at Pinewood Studios, owns the rights to more than 170,000 music tracks spanning 90 years from a variety of artists including Iggy Pop, Ike and Tina Turner, Johnny Cash, Level42 and Pavarotti. It also owns over 5,000 hours of video from classic TV shows including Sooty and Sweep and Men & Motors. One Media repackages nostalgic content and sells it via more than 200 online stores including iTunes, Amazon and YouTube.
One Media’s float on AIM on 18 April 2013 has seen the company raise over £750,000 to fund further content acquisitions. The company previously traded on the ISDEX exchange.
Michael Infante, One Media’s Chairman and Chief Executive Officer, said: “We are very excited about the move to AIM, which offers access to a strong calibre and variety of investors. As we look to extend our catalogue we will need access to the funds AIM can provide. One Media is an ambitious, profitable and debt-free company operating in an emerging market with significant growth potential and we look forward to providing excellent value for our shareholders.”
James Cowper Kreston has provided audit and tax advice to One Media since 2009 and was appointed the reporting accountants to support its AIM float.
Nick Rogers, a Partner in James Cowper Kreston’s Corporate Finance team said: “One Media is a terrifically successful company and we have been privileged to advise Michael and his team on its journey to AIM. The AIM market is increasingly attractive for companies looking to raise money; it enjoys a higher profile compared against other junior markets and offers greater liquidity. In March this year the Chancellor gave AIM a further boost removing the 0.5 per cent stamp duty on shares traded.”
Nick Rogers, Partner, James Cowper Kreston LLP, Tel +44 (0)118 9590261 or email
