One media IP Group signs $2m deal with its distributor

10th Jun 2014 12:55

Digital media content provider One Media IP Group announced it has signed a new deal with its distributor.The group will receive a further advance against future earnings in the amount of $2m, payable on or before June 30th. The company intends to release its half-year results on June 17th 2014.Chief Executive Officer Michael Infante said: "We are in a committed relationship with our distribution partner - the Orchard and continue to have a harmonious working rapport with their various distribution teams worldwide."As of 13:20 the share price was unchanged at 14p.WS