One Media IP has confirmed a new acquisition.
Last month, the relatively unknown intellectual property acquisition company purchased Cole Taylor’s writers’ share. The deal was reportedly worth $260,000.
The country singer and songwriter’s catalog comprises major hits, including Luke Bryan’s ‘Home Alone Tonight’ and Florida Georgia Line’s ‘Sippin’ On Fire.’
At around the same time, Merck Mercuriadis’ better-known music IP company, Hipgnosis Songs Fund, acquired the full rights to English singer, songwriter, and producer Jamie Scott’s catalog.
Now, One Media IP has confirmed another purchase.
One song at a time.
The British IP company has completely acquired the publishing rights and writer’s share of the hit single, ‘God’s Not Dead.’ Daniel Bashta, a Louisiana contemporary Christian singer and songwriter, wrote the track, which was first released in 2010.
Newsboys, a Christian group, had renamed the original track previously titled ‘Like a Lion.’ The song reached No. 2 in June 2012 and had previously spent 22 weeks on the Billboard Hot Christian Songs chart. ‘God’s Not Dead’ also sparked a movie trilogy of the same name.
Collectively, music fans have viewed the official music video over 88 million times on YouTube. On Spotify, the song has reached over 47 million streams.
Speaking about the track’s acquisition, Michael Infante, One Media’s CEO, explained,
“We’re always on the lookout for music from any genre that has had success in the international charts and ‘God’s Not Dead’ not only ticks this box, but also brings the additional value of being coupled with a film synchronization benefit.
“The fact that this single continues to perform so well almost a decade after its original release is testament to its longevity.”
One Media IP first opened in 2005. The music IP acquisition company went live on the London Stock Exchange in 2013. One Media paid Bashta $725,000 for the song’s rights.
The acquisition marks One Media’s fourth acquisition so far this year. In a deal worth $850,000, the company purchased the publishing and songwriting rights to 93 Michael Dulaney tracks. Five months ago, One Media purchased Locomotive Records’ catalog for $750,000. The company has spent $2.6 million on acquisitions this year.
Featured image by Newsboys (YouTube screengrab).