Sonic Foundry's MediaCollective[TM] Becomes The Backbone of MGM Worldwide Distribution Services Film Re-Mastering Project

Sonic Foundry[R] Inc. (NASDAQ: SOFO), a leading developer and marketer of digital media software tools and services, today announced that Metro-Goldwyn-Mayer Studios (NYSE:MGM) has adopted its MediaCollective[TM], a browser-based, custom job-tracking and inventory management tool, to manage and coordinate MGM's most ambitious film and video re-mastering initiatives.
"MediaCollective[TM] has consolidated several databases and Web sites, providing my team with a single source for up-to-date information on all work in progress, in addition to allowing us to accurately evaluate individual performance and job status," stated Scott Grossman, Executive Director, Technical Operations for MGM Worldwide Distribution Services. "Managing the activities of the dozens of MGM employees and vendors involved with the film, audio, and video components of re-mastering over 900 features films is no small feat, and MediaCollective[TM] is an efficient, reliable, and flexible tool that gets the job done, and then some."
MediaCollective[TM] is the first installment in the Sonic Foundry Media Services MediaWorks[TM] program – a comprehensive digital content management solution aimed at simplifying the task of managing, storing and distributing digital film, video and audio content.
"MediaWorks[TM] stands alone as a highly customized set of digital asset management tools and solutions for the entertainment industry," offered Sonic Foundry Media Services' Vice President, Sales, Richard Greenberg. "Sonic Foundry has leveraged its unique expertise in both post production services and award-winning software development, to produce a collection of tools, such as MediaCollective[TM]. These tools are designed to provide content owners with easier access to, and control over their assets, and ultimately, faster and more efficient delivery of that content to their clients. We are thrilled to have MGM's support, cooperation, and ultimate adoption of the MediaCollective[TM] system, the first of many such digital asset management tools planned for the coming year."