Ascent Media Group (Ascent), a leading provider of fully-integrated, end-to-end services for the global digital media supply chain, today announced that its London facility, Ascent 142, has been awarded a prestigious, four-year contract by the Netherlands Institute for Sound and Vision (Sound and Vision), one of the largest audiovisual archives in Europe. Ascent 142 has won a European Bid to implement a part of the Images for the Future project, which consists of restoring, preserving, digitizing, archiving and, eventually, disclosing to the public the Netherlands’ audiovisual memory.

Ascent 142 is in charge of searching, scanning to high-definition (HD), digitizing and archiving audiovisual (AV) files of 10,000 hrs of film material, mainly originating from Dutch public broadcasters. To that end, Ascent 142 is developing groundbreaking, extensible markup language (XML)-based digital archiving workflow solutions in collaboration with Sound and Vision, increasing both automation and quality control of the overall digitization and archiving process. Additionally, the company provides high-quality HD mastering services via its extended, feature-rich HD grading system.

“Audiovisual memory is truly a nation’s only link to its media history. We are extremely proud to be part of the Netherlands Institute for Sound and Vision’s Images for the Future initiative,” said Paul Collard, vice president of Film & Digital Services of Ascent 142. “In order to guarantee long-term digital preservation and cost-efficient archiving, we provide cutting-edge technical solutions that eliminate the risk of technical obsolescence of any types of audiovisual assets.”

“With the imminent threat of decay and loss of films, documentaries, radio broadcasts and television programs, we need the best experts in the field to help us safeguard and realize maximum public accessibility to our national audiovisual heritage,” said Tom De Smet, film manager at the Netherlands Institute for Sound and Vision. “As one of the region’s largest and most complete providers of fully-integrated digital media content management and post production services, Ascent 142 was granted the contract resulting from the European tender.”

The Images for the Future project, which kicked off on July 1, 2007, is scheduled to be completed in 2014, when a total of 137,200 hours of video, 22,510 hours of film, 123,900 hours of audio and 2.9 million photographs will be digitized and accessible to the public.

The Netherlands Institute for Sound and Vision will take part in the international FIAT/IFTA conference (International Federation of Television Archives), October 15-18 in Dublin, Ireland.

About the Netherlands Institute for Sound and Vision

The Netherlands Institute for Sound and Vision is one of the largest audiovisual archives in Europe. The institute preserves over 70% of the Dutch audiovisual heritage and makes it accessible for professional users, creative industry, educational purposes and to the public. The collection totals over 700,000 hours of television, radio, music and film, from the early beginning in 1898 till today. The institute is responsible for keeping the collection in optimal condition, for both present and future use. Digitalization is an essential part of this preservation. Images for the Future is the main project to achieving this mission.

About Images for the Future

Images for the Future is a joint project by the Netherlands Institute for Sound and Vision, Eye Film Institute Netherlands, the National Archive and the Netherlands Knowledgeland Foundation to preserve and digitize audiovisual material on a large scale. The Images for the Future project, which kicked off on July 1, 2007, is scheduled to be completed in 2014, when a total of 137,200 hours of video, 22,510 hours of film, 123,900 hours of audio and 2.9 million photographs will be digitized and accessible to the public.

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.

Copyright Business Wire 2010