LONDON (ShareCast) - Digital media content provider One Media IP Group has signed a contract for two music-video catalogues with the Henry Hadaway Organisation for a total of 0.3m pounds.

The two catalogues, Rock and Roll Palace and Church Street Station, contain several music-video performances from various independent stars, such as, Tammy Wynette and Charlie Rich.

The AIM-listed group, which exploits intellectual digital property rights of music, video and spoken word, reported in February that it posted a 26.8% increase in revenue to £2.64m in the year ended October 31st 2013.

Chief Executive Officer Michael Infante said: "Our expansion into more music-video content is emphasised by this deal.

“This video collection has never previously been made available by HHO for digital exploitation and we are excited to be bringing this to market via our music channels with all of the emerging video stores such as YouTube.

“Monetising this content, as with all our acquisitions, is not an overnight event but with the growing impact of 'streaming' to all devices (mobile and home entertainment) becoming the preferred route to market, we anticipate growth in this sector over the coming years."

As of 08:42, the share price was unchanged at 14p.

WS

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