GMX Signs Cooperation Agreement with NATPE
GMX Complements Traditional Marketplace with Online Media Content Market, Bringing Together Media Companies and Content Owners
2010 NATPE Market and Conference Booth # 710
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SANTA MONICA, CA (January 19, 2010) – Global Media Exchange (GMX), the online media content marketplace powered by Ascent Media Group, today announced a broad-based, three-year cooperation agreement with the National Association of Television Program Executives (NATPE). Both parties will work together to grow their businesses and co-promote one another online, at the NATPE Market and Conference in Las Vegas this month and through advertising and other joint marketing initiatives throughout the year.
The GMX platform offers a virtual media content marketplace that is available 24 hours a day, 365 days a year. Media content buyers and sellers can take advantage of a year-round opportunity to search, discover and market professionally produced film and television content and close transactions should they elect to do so. While the full scope of services in support of the NATPE Market and Conference won’t be in place until later this year, all attendees will be eligible for GMX priority access and other early partner on-boarding incentives.
“In today’s digital content world, we realize that technology plays a huge role in the advancement of the industry,” said Rick Feldman, President and CEO of NATPE. “This cooperation with GMX underscores our mission to serve as a facilitator, bringing together media content buyers and sellers from around the world, and enabling them to identify opportunities and create solutions that will result in a more profitable industry for everyone. We are always looking for ways to help our membership to build on the relationships forged at the Market and Conference.”
Launched in October 2009, the GMX site already boasts more than 5,000 film and television titles committed for licensing, representing all genres of content. More than 300 film and TV program buyers and sellers have already registered with GMX including NBC Universal Global Networks France, London-based ContentFilm’s Fireworks International, U.K.-based On Demand Group, Paris-based Carrere Group, alongside Lifetime TV, Disney Channel, Broadway Video Entertainment, Image Entertainment and The Food Network.
“We believe in and support the importance of Markets such as NATPE, and the need to make personal connections face-to-face,” said Mara Sternthal, SVP of business development for GMX. “We want to help Market attendees expand and build on relationships established at NATPE by providing them with an opportunity to showcase content, connect with each other and ultimately close that deal year-round. Our goal at GMX is to connect media content owners with exhibition platforms worldwide and to help buyers find the content they’re looking for easily and efficiently, using the best internet-based tools available today.”
GMX’s mission is to bring together and generate new licensing opportunities for thousands of media companies and professionals from around the world, at a fraction of the cost. The GMX media content marketplace enables distributors to monetize libraries, reach tertiary markets, market to broader audiences, and acquire market intelligence to support new and existing sales strategies.
About GMX:
GMX–The Global Media Exchange, LLC is a wholly-owned subsidiary of Ascent Media Group, LLC. GMX, an online media content marketplace supports content buyers by providing broad and deep access to media content. GMX 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.
About NATPE:
NATPE, the National Association of Television Program Executives, is a global nonprofit organization dedicated to the creation, development and distribution of video content in all forms across all mature and emerging media platforms. NATPE develops and nurtures opportunities, both commercial and educational, for the buying, selling and sharing of content and ideas. NATPE 2010 will take place January 25-27 at the Mandalay Bay Resort in Las Vegas.
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:
Gail Laguna
Ascent Media
Tel: 818.260.6229
Email: GLaguna@ascentmedia.com
