Thought Equity Motion, the world’s largest supplier of online content licensing and management services, and Metro-Goldwyn-Mayer Studios Inc. (MGM) have formed an agreement which will provide producers and media professionals around the world digital access to stock footage from MGM’s film and television library.
The agreement calls for Thought Equity to be the official licensing agent for stock footage from select films in the MGM library.
“With the ever-increasing demand for high quality footage from new media and traditional entertainment professionals, it’s the perfect time for us to be entering the stock footage business given the breadth and depth of the MGM library,” said Jim Packer, co-President, MGM Worldwide Television. “Thought Equity offers superior technology platforms and innovative strategies that will create new revenue streams for our operation. They are reshaping the industry with applications that get producers what they want, when they want it.”
“Our goal is to provide producers access to footage created by the most talented production crews in the world,” said Kevin Schaff, founder and CEO of Thought Equity Motion. “Every shot in the MGM collection is unique, there’s nothing exactly like it anywhere. This is the first time this collection is available for licensing, and we’re providing access in high definition and 2K scan formats. With the addition of the MGM collection, ThoughtEquity.com represents the majority of the licensable content in Hollywood and is the preferred destination for feature film and television producers around the world.”
MGM joins Thought Equity’s client list, which also includes Paramount Pictures, Sony Pictures, HBO, NBC News and National Geographic, among others.
The MGM library contains images from over 4,000 films and over 10,000 hours of television programs. Offering MGM’s legendary entertainment library bolsters Thought Equity Motion’s position as the sole destination for high-production value entertainment content. For additional information on the MGM collection, please visit www.ThoughtEquity.com/MGM.
About Thought Equity Motion
Thought Equity Motion is the world leader in providing access to high quality film, video and music content. The company’s forward-thinking approach to digital video has produced an array of products and services to meet the exploding demand of new media.
Widely recognized for its expertise in licensing rights, Thought Equity Motion is the licensing agent for renowned media companies including Paramount Pictures, MGM, NBC News, HBO, National Geographic, Sony Pictures, the NCAA and hundreds of others.
With offices located around the world, Thought Equity Motion offers the broadest, deepest content collection available. This vast collection, combined with leading-edge technology, makes Thought Equity Motion the preferred destination for multimedia professionals.
For more information, go to http://www.thoughtequity.com.
About Metro-Goldwyn-Mayer Inc.
Metro-Goldwyn-Mayer Inc., through its operating subsidiaries, is actively engaged in the worldwide production and distribution of motion pictures, television programming, home video, interactive media, music and licensed merchandise. The company owns the world’s largest library of modern films, comprising around 4,100 titles. Operating units include Metro-Goldwyn-Mayer Studios Inc., Metro-Goldwyn-Mayer Pictures Inc., United Artists Films Inc., Ventanazul, MGM Television Entertainment Inc., MGM Networks Inc., MGM Domestic Networks LLC, MGM Distribution Co, MGM International Television Distribution In, Metro-Goldwyn-Mayer Home Entertainment LLC, MGM ON STAGE, MGM Music, MGM Worldwide Digital Media, MGM Consumer Products and MGM Interactive. In addition, MGM has ownership interests in international TV channels reaching nearly 120 countries. MGM ownership is as follows: Providence Equity Partners (29%), TPG (21%), Sony Corporation of America (20%), Comcast (20%), DLJ Merchant Banking Partners (7%) and Quadrangle Group (3%). For more information, visit www.mgm.com.
