GMX Announces first Film Festival Partnership
GMX announces its intention to showcase Hungarian Film Festival as the first Film Festival participant
BACK TO ALL NEWSSANTA MONICA, Calif. – November 4, 2009 – Global Media Exchange (GMX), the world’s fastest-growing online marketplace for buying and selling film rights, today announces its intention to partner with the Consulate General of Hungary and Bunyik Entertainment, founder of the Hungarian Film Festival. The intended partnership makes the Hungarian Film Festival the first festival to premiere on the new GMX platform. Details of the partnership will be unveiled tomorrow night at the Festival’s gala Opening reception hosted by The Hungarian Consul General of Los Angeles.
The GMX platform offers a virtual marketplace available 24 hours a day, 365 days a year that provides content buyers and sellers a year-round opportunity to search, discover, market, and close transactions for professionally produced film and television programming.
Now in its 9th year, the Hungarian Film Festival is one of the fastest-growing festivals in the world. It honors the rich legacy of Hungarian Filmmakers in Hollywood and celebrates the ongoing growth of the Hungarian filmmaking industry both within and outside the country. This festival will be the first of three Southern California festivals celebrating various branches of Hungarian cinema. The Hungarian Film Festival runs November 5-15th 2009 at Santa Monica’s Laemmle MONICA 4-Plex and at Raleigh Studios’ Chaplin Theatre.
“Hollywood and Hungary have long shared an acclaimed tradition in cinema,” said Mara Sternthal, SVP of business development for GMX. “The Hungarian film industry is experiencing a renaissance, and we are thrilled they have identified GMX as a vehicle to promote the Festival and to spotlight the role Hungary’s filmmakers have played in U.S. and international cinema.”
The Hungarian Consul General of Los Angles, Ambassador Balazs Bokor continued: “Our intended partnership with GMX and Ascent Media fits well with our desire to strengthen current ties with Hollywood. We are impressed with the visibility GMX has gained within the film community since its release last month and see this as a strong opportunity to increase our online presence and our global profile.”
About GMX:
GMX–The Global Media Exchange, LLC is a wholly-owned subsidiary of Ascent Media Group, LLC and has been built on the foundation acquired from Ascent Media’s content customers and their specific needs. GMX supports content buyers by providing broad and deep access to media content. The GMX content marketplace enables content sellers to market and promote their content to buyers worldwide, and allows buyers to find titles and related information more quickly, while efficiently managing and controlling the acquisition process. Available to registered users 24/7, the GMX media content marketplace enables users to leverage current sales and acquisition efforts, complementing attendance at traditional markets and conferences with a year-round online presence.
About Ascent Media Group:
Santa Monica, California-based Ascent Media Group, LLC is a wholly-owned subsidiary of Ascent Media Corporation (Nasdaq: ASCMA). With more than 40 facilities worldwide, Ascent Media Group is a leading provider of fully integrated, end-to-end services for the global digital media supply chain. Guided by our entrepreneurial culture, we blend breakthrough creative with emerging technologies to deliver some of the most advanced and innovative media solutions to help film and television studios, independent producers, broadcast networks, cable channels, advertising agencies and other companies make, manage, move and monetize their digital media.
Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Ascent Media Corporation and its subsidiaries or industry results, to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks, uncertainties and other factors include, among others: the risks and factors described in the statements and reports of Ascent Media Corporation filed or furnished with the Securities and Exchange Commission (and publicly available at the Securities and Exchange Commission’s website, www.sec.gov); general economic and business conditions and industry trends; spending on television advertising, first-run content libraries and existing content libraries; the regulatory and competitive environment of the industries in which Ascent Media Corporation operates; rapid technological changes; future financial performance, including availability, terms and deployment of capital; changes in, or failure to comply with, government regulations, including, without limitation, regulations of the Federal Communications Commission, and adverse outcomes from regulatory proceedings; and competitor responses to Ascent Media Corporation’s products and services, and the overall market acceptance of such products and services, including acceptance of the pricing of such products and services. These forward-looking statements speak only as of the date of this Release. Ascent Media Corporation expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Ascent Media Corporation’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
Media Contacts:
Jessica Wolf
mPRm for Ascent Media
Tel: 323.933.3399
Email: jwolf@mprm.com
Gail Laguna
Ascent Media
Tel: 818.260.6229
Email: GLaguna@ascentmedia.com
