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Grass Valley Launches Financial Services ProgramAdds more flexibility and choice for media and entertainment customers (March 02, 2006)
Continuing to lead in easing the transition to multi-format and multi-distribution approaches for its media and entertainment customers, Thomson today announced the Grass Valley Financial Services program, a new capital lending service. Launched in partnership with National City Commercial Capital Corp. (NC4), the comprehensive customer-finance initiative is immediately available to customers throughout the United States ?from individuals up to large media organizations?and covers all Grass Valley technologies, systems, and services.
As with the open approaches and advanced technologies Grass Valley provides in its digital applications solutions and services, the new financial service is structured to provide customers as much flexibility and choice as possible?particularly as they expand their operational and business models in an environment marked by rapidly accelerating change and technology advances.
Grass Valley Financial Services features a number of flexible financing program options which are backed by National City Commercial Capital and tailored to the dynamics of the specific markets Grass Valley serves, from broadcast and production to professional audio/visual and distribution and transmission. Each program enables a buyer to amortize their investments in Grass Valley equipment, software license packages, and engineering services over an extended period of time.
?The Grass Valley Financial Services program is a key addition to our support of customers. With it, we can enable our customers to move ahead with key shifts and expansions?such as the move to HD and implementation of multiple distribution strategies?without the added worry of limitations related to capital budgets, said Marc Valentin, president of the Grass Valley business within Thomson.
?We are very proud to partner with Grass Valley and believe this will be a mutually-beneficial relationship, said Vince Rinaldi, president and CEO National City Commercial Capital. ?As one of the leading broadcast and media equipment providers in the world, Grass Valley has an exceptional reputation for innovation and industry-leading technology. Through our extensive sales-aid financing expertise and creativity, we are confident this new program will assist Grass Valley with accelerated equipment placements while providing customers with superior end-to-end solutions that include equipment, services and financing.
National City Media Finance, a division within NC4, is solely focused on financial services for the U.S. media and entertainment industry. NC4, a leading vendor leasing finance company, is a subsidiary of National City, the eighth-largest bank in the United States.
Featuring a number of specialists focused on providing support to the professional media production and distribution industry, National City Media Finance will handle the variety of customized financing options to be offered by Grass Valley. Through a series of phased rollouts over the next three months, these programs initially will be offered through Grass Valleys world-class North American direct sales force, and then through its established reseller networks.
About National City Commercial Capital
National City Commercial Capital is a national, high-growth, multi-channeled equipment finance company that provides a broad array of products and services to both new and existing customers and markets. It is one of the largest bank-affiliated leasing companies in the country. National City Commercial Capital is a wholly-owned subsidiary of National City Corporation (NYSE: NCC) and is based in Cincinnati.
For more information about National City Commercial Capital, visit the companys Web site at www.NC-4.com.
About Thomson - Partner to the Media & Entertainment Industries
Thomson (Euronext Paris: 18453; NYSE: TMS) provides services, systems and technology to help its Media & Entertainment clients content creators, content distributors and users of its technology realize their business goals and optimize their performance in a rapidly changing technology environment. The Group is the preferred partner to the Media & Entertainment Industries through its Technicolor, Grass Valley, RCA and Thomson brands.
For more information: www.thomson.net.
Thomson's Systems and Equipment division develops video and film technologies, products and services sold to all major Hollywood studios, all major television, satellite, and cable broadcasters under the Grass Valley brand-name for the delivery of analog and digital entertainment. The division also includes Thomson's Access Platforms and Gateways Business, which develops technologies and products for broadband and telecommunication networks to deliver digital entertainment and data to consumers and businesses.
For information about Grass Valley products from Thomson please visit www.thomsongrassvalley.com.
Related Keywords:Grass Valley, Thomson, Grass Valley Financial Services, National City Commercial Capital, Financial Services, National City Media Finance,