7 December 2010
Thought Equity Motion, Inc., a leading provider of video platform and rights development services, announced today an extension of its exclusive footage licensing agreement with Sony Pictures Entertainment (SPE). In the new arrangement, Thought Equity Motion is launching a new Columbia Pictures Collection and adding content from more than 400 SPE titles, representing over 40,000 new film-backed, high-definition clips.
“We’re excited to extend our relationship with Thought Equity Motion and continue the success we’ve experienced over the past four years of our agreement in developing new revenue streams and creating new value from our libraries,” said Carey Hanson, VP Content Licensing, for SPE. “We’ve evaluated a range of options over the years, and Thought Equity Motion clearly has the kind of global distribution network and advanced technology platform we need to ensure that our footage is offered to the market with the quality and ease of use that our customers want.”
The Columbia Pictures Collection features high-production-quality stock footage from hundreds of acclaimed films. It includes hard to find footage shot underground in the New York Subway tunnels from The Taking of Pelham 1 2 3. It also boasts clips from Angels & Demons of Vatican City’s historic monuments and unique architectural features. A selection of explosions, stunts, car chases, aerials, establishing shots and special effects from major motion pictures, including The International, Bad Boys I & II, Legends of the Fall, I Dreamed of Africa, Vantage Point, and Men in Black 1 & 2 are also available within the Columbia Pictures Collection in a range of formats.
“We’ve worked to develop new value from the Sony Pictures Entertainment library over the years and are excited to add the Columbia Pictures Collection to our offering,” stated Kevin Schaff, CEO & Founder of Thought Equity Motion. “This is studio-grade content, with tens of thousands of dollars in production value per minute of footage. We have curated and organized these collections to support the world’s leading creatives, filmmakers and producers, enabling them to save time and costs without compromising on the quality of their productions.”
To learn more about the Columbia Pictures Collection, visit www.thoughtequity.com/columbiapictures. For more information on the Sony Pictures Entertainment Collection, visit www.thoughtequity.com/sony.
Sony Pictures Entertainment (SPE) is a subsidiary of Sony Corporation of America, a subsidiary of Tokyo-based Sony Corporation. SPE's global operations encompass motion picture production and distribution; television production and distribution; digital content creation and distribution; worldwide channel investments; home entertainment acquisition and distribution, operation of studio facilities; development of new entertainment products, services and technologies; and distribution of filmed entertainment in more than 140 countries. Sony Pictures Entertainment can be found on the World Wide Web at http://www.sonypictures.com.
Thought Equity Motion increases the value of video content rights through its advanced technology platform and rights development services. The company’s integrated offering delivers large scale archive management as a cloud service in alignment with licensing strategy expertise to enable rights holders to generate new value from their content, providing greater control while reducing cost and complexity.
Thought Equity Motion works with more than 400 rights holders globally, including BBC Motion Gallery, Paramount Pictures, Sony Pictures Entertainment, National Geographic, The New York Times, and the NCAA®. Through its Web platform and global sales force, the company licenses sports, news, entertainment, editorial, and creative content to the world’s leading producers in advertising, film, television, publishing, and interactive media.