One Media IP Group Plc Acquires Entire Music Catalogue Of Philip Wesley

  • Sep 19, 2019 BST
  • Team Kalkine
  • One Media iP Group Plc (AIM: OMIP), has acquired the entire music catalogue to date of American composer and solo piano artist Philip Wesley.
  • The acquisition was for a total cash consideration of US $4.15million, to be paid upon satisfactory full execution of the agreement.
  • The company has also agreed to pay an additional US $100,000 cash on the date falling one year from the date of execution of the agreement, which are subject to certain deliverables contained within the agreement.
  • On 19th September 2019, at the time of writing, GMT 08:08 AM, OMIP shares were trading at GBX 5.00, flat against the previous day closing price.

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