MUMBAI: Thought Equity Motion, supplier of online content licensing and management services, and Metro-Goldwyn-Mayer Studios (MGM) have formed an agreement which will provide producers and media professionals around the world digital access to stock footage from MGM’s film and television library.
The agreement calls for Thought Equity to be the official licensing agent for stock footage from select films in the MGM library.
"With the ever-increasing demand for high quality footage from new media and traditional entertainment professionals, it’s the perfect time for us to be entering the stock footage business given the breadth and depth of the MGM library," said MGM Worldwide Television co-president Jim Packer.
"Thought Equity offers superior technology platforms and innovative strategies that will create new revenue streams for our operation. They are reshaping the industry with applications that get producers what they want, when they want it."
"Our goal is to provide producers access to footage created by the most talented production crews in the world," said Thought Equity founder and CEO Kevin Schaff. "Every shot in the MGM collection is unique, there’s nothing exactly like it anywhere. This is the first time this collection is available for licensing, and we’re providing access in high definition and 2K scan formats."
MGM joins Thought Equity’s client list, which also includes Paramount Pictures, Sony Pictures, HBO, NBC News and National Geographic, among others.