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Acquisition Broadens Footprint in the Northeast Region for Market Leader Already Serving the 5 Major Studios and Top 5 Recording Labels
April 21, 2004
Boston, MA - As the world's pre-eminent repository for priceless film and sound assets, Iron Mountain Incorporated (NYSE: IRM), the leader in outsourced records and information management services, today announced the expansion of its Film & Sound archives services with the acquisition of Little Falls, NJ-based, All-Media Storage, Inc., a regional leader in film and video storage and distribution. Financial terms of the deal were not disclosed.
This acquisition expands Iron Mountain’s Film & Sound archiving services in the Northeast market and extends its reach into small- and medium-sized production houses and studios. Iron Mountain currently counts among its customers the 5 major film studios and top 5 music recording labels. The Company’s Film & Sound division operates in all of the primary markets including Los Angeles, New York, Nashville, Toronto, London, Paris and Vancouver, as well as secondary markets like Miami, Atlanta and Chicago.
“Original film, videotape and sound recordings are irreplaceable cultural, historical and financial assets that will continue to generate significant revenues for our customers,” said Jeff Anthony, vice president of Iron Mountain’s Film & Sound division. “The addition of All-Media will provide us with the added scale and talent needed to serve the growing demand by our customers who are seeking a trusted vendor with a multi-city and global presence. The All-Media team is highly regarded in the industry and we’re very excited to welcome them to the Iron Mountain family.”
All-Media Storage provides a wide range of film and video services for television syndicators and distributors, broadcasters, laboratories, studios, editing houses, production companies, and in-house corporate audio-visual departments. Additionally, the company specializes in storing and preserving original television commercial elements.
“All-Media has delivered a first-class archiving environment for our customers for more than 15 years,” said Jeff Stone, president of All-Media and who will assume leadership of Iron Mountain’s expanded New York and New Jersey region as general manager. “We look forward to the opportunities and service enhancements we can provide to our customers by partnering with an industry leader like Iron Mountain.”
With customers increasingly seeking ways to maximize revenues by repurposing existing media content and the need to protect their intellectual property, Iron Mountain ensures the long-term preservation and protection of these assets by archiving their precious media assets in specially engineered, climate-controlled facilities. Iron Mountain’s Film & Sound archiving service offering includes motion picture, audio and video storage, inspection, cleaning, rejuvenation and duplication.
About Iron Mountain
Iron Mountain Incorporated (NYSE-IRM) helps organizations around the world reduce the costs and risks associated with information protection and storage. The Company offers comprehensive records managementand data protection solutions, along with the expertise and experience to address complex information challenges such as rising storage costs, litigation, regulatory compliance and distaster recovery. Founded in 1951, Iron Mountain is a trusted partner to more than 90,000 corporate clients throughout North America, Europe, Latin America and the Pacific Rim. For more information, visit the Company's Web site at www.ironmountain.com.
Contact:
Melissa Mahoney
Corporate Communications
Iron Mountain
Phone: 617-535-8310
melissa.mahoney@ironmountain.com
Stephen Golden
Investor Relations
Iron Mountain
Phone: 617-535-4799
sgolden@ironmountain.com
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