Group FMG Announces Production Partnership with American Media Inc. (AMI)
American Media Inc. (AMI), the leading U.S. print and digital celebrity, health and fitness media brands, has entered into a long-term $10 million partnership with FMG, an international media production agency.
- (1888PressRelease) November 29, 2011 - Dilip Keshu, CEO of Group FMG, today announced that American Media Inc. (AMI), the leading U.S. print and digital celebrity, health and fitness media brands, has entered into a long-term $10 million partnership with one of its key holdings, FMG, an international media production agency. FMG will work with American Media to implement the agency's cutting-edge automated technologies to reduce costs, manage content, and optimize the media firm's products and services across digital platforms.
The production services provided by FMG will allow AMI to realize significant savings by streamlining its production process, managing cross-media content between print and digital platforms, widening the process to deploy this content across emerging media platforms. AMI intends to offer these services to its publishing services clients, as well.
"Every publisher today is looking to reduce their costs," added David Pecker, Chairman, President and CEO of American Media, "And being able to provide them with the production efficiencies we developed for AMI's publishing services business unit allows us to build on this new revenue stream for the our company."
Mike Esposito, Senior Vice President of Operations and Digital Production commented, "FMG is the ideal partner to help AMI continue to optimize its internal production processes as well as its migration to distribute content across digital platforms. This is the next step in a series of enhancements that AMI began earlier this year."
Anish Nanavaty who leads Group FMG's Americas business said, "This deal builds on FMG's 30+ years of experience providing the publishing industry with innovative media production solutions. Our partnership with AMI on print and digital production processes is a new paradigm for publishers coping with the need to deliver content across multiple channels in a cost efficient manner."
About Group FMG
Group FMG is a high-impact marketing solutions company that helps global brands adapt to the new digital environment with creative design-thinking and compelling content that works across all channels. It underpins all of its solutions with differentiated technology, domain skills, analytical insights and flexible cost models.
The company has produced award-winning marketing campaigns across multiple platforms including: print, interactive magazines, e-books, catalogues, e-commerce solutions, digital shop fronts, portals, websites, videos and loyalty programs. Fortune 1000 clients include, Sears, Staples, Disney, IBM, Pepsi Max, Peugeot, Hearst, Harper Collins and Yahoo.
Group FMG is headquartered in New York, with additional offices in London, Bangalore and Chennai. Group FMG is funded by India Value Fund Advisors (IVFA), a leading private equity fund, and Zodius Capitol (Zodius Capital) a growth capital and build-out company.
For more information see www.groupfmg.com. (Full website launch in January 2012)
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