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Share Price: 4.15

Bid: 4.00

Ask: 4.30

Change: 0.00 (0.00%)

Spread: 0.30 (7.50%)

Open: 4.15

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One Media IP Continues To Trade In Line With Expectations

Thu, 27th Mar 2014 14:24

LONDON (Alliance News) - One Media IP Group PLC Thursday said that it continues to trade in line with expectations.

In a statement ahead of its annual general meeting, One Media IP said that it had continued to acquire more music and video content, and that it is satisfied with its trading since the end of the year.

The company noted growing trends towards online products and the potential of in-car digital entertainment. It also expressed optimism for a shift towards streaming models to consume content rather than digital downloads, saying that it "greets all methods of digital exploration as positive."

Chairman Michael Infante added that the benefits of streaming models make for a practical counter measure to media piracy.

Shares in One Media IP are untraded Thursday. They last traded flat at 16.50 pence.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

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