One Media believes in 'God's Not Dead' & buys publishing rights of Christian hit
LONDON -- One Media, one of the U.K.
"We are always on the lookout for music from any genre that has had success in the international charts and 'God's Not Dead' not only ticks this box, but also brings the additional value of being coupled with a film synchronisation benefit," said One Media CEOin a statement. "The fact that this single continues to perform so well almost a decade after its original release is testament to its longevity," he added.
Two months later it acquired the publishing and songwriter's rights to 93 songs written by Grammy nominated country music songwriter Michael Dulaney for $850,000. That was followed in May with a $260,000 deal for the songwriter's share of seven songs by country artist Cole Taylor, including his stake in Florida Georgia Line's "Sippin' On Fire" and Luke Bryan's "Home Alone Tonight," both of which topped the American country charts.
According to the company's half-year results for the six months ending April 30, which don't include the deals for Taylor or Bashta's "Gods Not Dead,"revenue increased 32% to £1.6 million and operating profit increased by almost 24% to £284,000 . EBITDA increased 19% to more than £400,000 , while cash balances stood at more than £5 million .
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