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GMX Secures Marquee Lineup of International Distributors and Broadcasters for October 1st Online Marketplace Launch

Global Media Exchange (GMX), the online media content marketplace powered by Ascent Media Group, has lined up more than 150 film and TV program buyers and sellers to be part of its soft launch October 1st at www.gmxmarket.com. Among the first content buyers and sellers are industry leaders 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.

GMX executives will showcase the new online marketplace at this year’s MIPCOM October 5-10 in Cannes France. (Booth G3.15 in the Palais).

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.

As the site rolls out of closed beta October 1st, GMX already boasts more than 4,000 film titles committed for licensing, representing all forms of content genres.

“Our initial lineup of leading international and domestic participants underscores the demand for a marketplace that increases monetization opportunities for content which might not be found any other way,” said Mara Sternthal, SVP of business development for GMX. “We expect the robust GMX marketplace to grow quickly after its soft launch as content owners, distributors and broadcasters increasingly recognize the value of a cost-effective, user-friendly service that connects licensees to rights holders and delivers incremental revenue-generating opportunities.”

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 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 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.

Contacts:

mPRm for Ascent Media
Jessica Wolf, 323-933-3399
jwolf@mprm.com
or
Ascent Media
Gail Laguna, 818-260-6229
GLaguna@ascentmedia.com

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