One Media acquires the Owl Records International Ltd

One Media iP Group Plc (AIM: OMIP), a digital media content provider, which consolidates, exploits and monetises intellectual property rights around music and video, is pleased to announce that it has acquired the exclusive rights and ownership to the to the Owl Music Catalogue on a complete buy-out basis for €21,000 (twenty one thousand Euros). The Owl catalogue comprises of over 1100 Irish folk and Celtic music original recordings. The tracks have been marketed by One Media over the last eight years on royalty sharing basis.

Owl Records, was established in 1997. It developed a diverse catalogue of over 90 albums, mainly in the Celtic folk, traditional and new age genres. Original percussive arrangements of best loved classical compositions are also included in the catalogue. There is additionally a varied range of Christmas albums. Unique to the catalogue is the 'Counties of Ireland' series, a 350 strong collection of songs drawn from the 32 counties of Ireland. Dagda’s four Celtic new age albums spent over 100 weeks in the American New Age radio charts and provided the trailer sound track for an Oscar winning film. Their only dance album is ‘Raverdance ­ Celtic Clubland’. Rob Strong, father of Commitments star Andrew Strong has two albums in the catalogue which also includes some childrens’ story collections. Each of Owl’s six Mystical Ireland albums reached gold or platinum status in Ireland. Artists include Owl's founder and director Reg Keating, who is also the man behind Dagda's soul singer Rob Strong, popular Irish crooner Sonny Knowles, New Ireland Orchestra and balladeer/troubadour Tom Donovan. All Owl recordings were produced in its own studio in Ireland.

Commenting on the deal, Michael Infante Chairman and CEO said "I have known Reg for over 10 years as a licensor to the group and the catalogue has always been our 'corner stone' of Irish music. As Reg now retires and One Media takes full control of the catalogue, we look forward to continuing the exploitation and further developing the marketing of his music. Its a great collection beautifully recorded of internationally known Irish tracks and I am pleased to welcome it into our collection. We will have a good reason to raise a 'jar' on the 17th March next year"