Photo Credit: One Media IP
One Media IP Group renews its distribution deal with The Orchard, securing a $1 million recoupable advance.
London-based music publisher and digital distributor One Media IP has announced the renewal of its distribution partnership with The Orchard, securing a $1 million advance as part of the deal. The Orchard supplies One Media’s content for distribution to Spotify, Apple Music, Amazon Music, Tidal, and Deezer across more than 200 territories.
One Media IP says the advance is recoupable by The Orchard against future sales by the company and that if these do not reach the requisite level, it has the right to “accelerate recoupment” of the outstanding amount. One Media will draw down the advance immediately for use “to enhance catalog enrichment.”
“Having worked with The Orchard since 2006, we have an excellent understanding of its market-leading distribution service,” says One Media Chief Executive Michael Infante. “Ensuring that our music is widely accessible to fans on digital platforms is critical to growing streaming numbers, which translate into revenues for One Media.”
A global music and video distribution company owned by Sony Music Entertainment, The Orchard works with independent labels, artists, and content creators. One Media is a digital media content provider specializing in the monetization of music and video IP rights and copyright protection.
In 2020, One Media reported raising $8 million (£6.04 million) for funding the acquisition of copyrights in performance and writers’ shares through its Harmony IP asset release program, which exchanges a portion of music rights income for a lump sum payment.
One Media’s six-month report for the period ending on April 30 boasted a 15% year-over-year jump in revenue to $3.4 million (£2.7 million) — with $3.1 million (£2.5 million) generated from IP royalties.
EBITDA for that period dropped to $1 million (£800,000) from $1.3 million (£1 million), which the company attributed to allocating resources to its copyright infringement and digital music audit tool software, TCAT, which One Media says is used by major record labels.