Thought Equity Motion Closed $25 Million Investment

Thought Equity Motion, Inc., provider of video platform and footage licensing services, announced the closing of a $25 million investment from Shamrock Capital Advisors, an investment firm focused on the media, entertainment and communications sectors.

The funding is to support the growth of the company’s technology platform, the expansion of its cloud storage infrastructure, and the ability to service customers globally.

Thought Equity Motion has been in managing and unlocking the value of large scale video libraries for over 400 of the world’s top media companies through its global footage licensing platform. Tens of thousands of professional video producers utilize the company’s video licensing platform on a daily basis. This includes major film studios, news organizations, sports rights holders, agencies and video production companies. The company’s advanced video applications and Wyoming-based cloud storage infrastructure support scale, efficiency, and rich functionality for its media clients worldwide.

"We’re excited to be working with Shamrock, as their expertise and relationships in the media space will add tremendous value as we scale our business," said Kevin Schaff, CEO and Founder of Thought Equity Motion. "This is a key milestone for Thought Equity Motion. Over the last eight years we have built out our video platform and helped the world’s leading media rights holders and video producers store, access, and monetize their libraries at multi-petabyte scale. We estimate that the market for video management at over $2B and growing at over 30% per year. The industry is at an inflection point with respect to digital workflows, and we are driving the transformation to cloud-based storage and access models that represent the next stage in the evolution of video production."

Video content is undergoing growth and the world’s producers have shifted to digital workflows, creating new demand for master file backup, storage, access, and delivery. The IDC Digital Universe report of April 2010 projects video storage to grow from 1.2 million petabytes in 2010 to 35 million petabytes in 2020, with video projected to be half of the total.

"Shamrock Capital Advisors has looked at numerous companies supporting the next-generation digital supply chain for content," said Robert Perille, Partner at Shamrock. "Thought Equity Motion works with major global content owners, including Sony Pictures Entertainment, Paramount Pictures, BBC Motion Gallery, NHK, and the NCAA. Thought Equity Motion’s team, technology, and market traction position the company to capitalize on this tremendous market opportunity in digital asset management."

Thought Equity Motion is headquartered in Denver and has offices in London, Tokyo, New York, Sydney and Los Angeles.