Only seven months after its official launch, Global Media Exchange (GMX), the online global B2B video marketplace powered by Ascent Media Group, announced that it now has over 7,000 film and TV titles for licensing, further establishing its position as one of the world’s fastest growing online communities for video programmers and distributors. Additionally, GMX has to date, secured over 600 international distributors and broadcasters as members, including The MGM Channel, Discovery Networks, Al Jazeera Documentary Channel, Televisa Digital, Globo, and Fox Latin American Channels.

GMX will be present at MIPTV in Cannes, France, April 12-16 2010 at booth #G3.15 and is inviting all MIPTV attendees to a showcase of the online global marketplace’s latest features, including an online sponsorship program for media companies. The demo will also include lunch, on Tuesday, April 13 at 12:30pm – 2:30pm at the GMX booth.

Launched in October 2009, GMX is a B2B worldwide video marketplace available 24/7 365 days a year, where buyers and sellers can market and transact with professionally produced film and television programming from around the world. The ability to browse, search and ultimately close a deal is only minutes away as the GMX platform also provides the most flexible and secure solutions to monetize inventory and improve communications and transactions from suppliers to customers for all video formats and genres.

“I’m excited to bring GMX to MIPTV this year as the premiere online B2B marketplace, helping distributors showcase and promote their programs to a global community of buyers,” said Mara Sternthal, SVP of business development for GMX.

As part of its expansion strategy, GMX has also been aggressively developing successful relationships with industry organizations such as NATPE, as well as local film festivals including the Indian Film Festival in Los Angeles (IFFLA) and the Nashville Film Festival (NaFF).

About GMX:

GMX–The Global Media Exchange, LLC is a wholly-owned subsidiary of Ascent Media Group, LLC. GMX, a B2B global marketplace, supports video programmers and distributors by providing broad and deep access to professionally produced video. GMX enables TV and film distributors to market and promote their libraries to a worldwide community, and allows buyers to find titles and related information more quickly, while efficiently managing and controlling the acquisition process. Available to registered members 24/7, 365 days a year, the GMX marketplace enables members to leverage current sales and acquisition efforts, complementing attendance at traditional markets and conferences with a year-round 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.

Note to Editors: Visit GMX at MIPTV at booth # G3.15

Copyright Business Wire 2010