Ascent Media Group, LLC announced today that its Viia digital asset management (DAM) solution was selected as a 2010 Oracle Fusion Middleware Innovation Award winner. The innovative DAM solution is relied upon by a range of media, communications and distribution customers, including cable & telco operators, advertising agencies and several of the world’s major movie studios, to efficiently manage and monetize on-demand content on multiple platforms.

With its massive storage and metadata tracking capabilities, Ascent Media’s DAM solution was initially designed to meet the archival needs of advertising agencies and movie studios. However, the product features have expanded to offer a comprehensive suite of management solutions that serve a diverse set of content production and distribution customers. The DAM service revolutionizes file-based workflows, providing a higher degree of automation and efficiency in the areas of video on-demand and multi-platform reuse.

“Although developed for content producers, the DAM product is a future-proofed business-scalable solution that is also ideal for video distributors, providing a solid foundation for rapidly monetizing content in multiple formats sourced from a variety of providers, including programmers, aggregators and the Web,” said Igor Vezmar, senior vice president of product and service development at Ascent Media. “Our DAM solution coupled with other complementary Ascent Media offerings can transform VOD systems for cable & telco operators, delivering numerous cost savings and enabling them to rapidly expand their content offering to their subscribers.”

Among its many features, the DAM solution offers content aggregation and archiving, catalog management and transcoding and media processing. It is also able to package content with its metadata, enabling reliable tracking and reporting of digital assets throughout the content delivery network. The product is fully customizable to meet any organization’s content management needs and offers unmatched deployment flexibility and ease of integration.

Oracle presented Ascent Media with the award at Oracle OpenWorld 2010 in San Francisco last Tuesday. A case study, video and podcast about the DAM product will soon be available at www.oracle.com, and more information about Ascent Media’s line of content management solutions is online at www.ascentmedia.com.

About Ascent Media GroupSanta Monica, California-based Ascent Media Group, LLC is a wholly-owned subsidiary of Ascent Media Corp. (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.

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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