|ITN, the news producer and distributor, and Fox News, the most watched cable news channel in the United States, have announced a partnership which will create the biggest news stock footage service in the US market and make historical Fox News footage available worldwide for the first time.
ITN Archive will take over the commercial management of the Fox News video library and the marketing of all Fox News archive footage to US and international customers from January 15 2005.
ITN will also market the Fox Movietone Archive, one of the world’s most valued film libraries. In total the Fox archive amounts to approximately 31,500 hours of content. ITN has rapidly built its archive business in the last two years and today operates the world’s largest video archive business, containing 650,000 hours of content, with film dating from 1896 to the present day.
The ITN Archive is the fastest-growing business in the ITN group and has trebled in turnover since 2001; it is already the market leader in sales of video footage in the UK and has been accelerating its sales in the United States. Fox News has established itself as the leading US cable news channel, and has been attracting record audiences.
Its historical news coverage, which ITN Archive will now market and sell, includes major events such as September 11, the Iraq War and the 2004 Presidential Election and conventions.
Mark Wood, Chief Executive of ITN, said: “This partnership links the most watched news channel in the United States with the world’s leading news and video archive business. Fox News has an extremely high quality news archive, which will complement the archive we are already responsible for managing. In total, ITN Archive will now be responsible for managing and selling a commercial news and TV-based video archive of over 680,000 hours. As the now clear leader in this market and with advances in digital technology we see good growth opportunities and increase in demand.
"The United States is already our fastest-growing market for archive footage and with the addition of the Fox News content, we will be able to offer wider content, better commercial terms and faster service than our competition. I’m confident we will make rapid headway.”