Who will meet a minimum $2 million Auction Reserve For Stock Video & Photo Catalogue?

VANCOUVER, British Columbia - Jan. 20, 2023 - PRLog -- A Vancouver area media company is looking to raise capital through the sale of the rights of all image and video files which is inclusive of over 200,000 assets. ProPics Canada Media Ltd is known around the world for producing high resolution photos and up to 8K quality video clips for licensed use by news agencies, television productions, stock image and video platforms, documentary footage and historical events among others.

It seems that almost weekly we are hearing of another music rights catalogue being sold for massive amounts or rights to television and motion pictures for millions, the time for content creators is about to open up. As a boutique freelance company, ProPics Canada Media Ltd has over 10 years worth of images and videos which have been and continue to be used by media outlets worldwide. The potential returns to the winning bidder are endless. The files can be licensed multiple times each with no restrictions in addition to the vast footage on several current events happening around the globe today, the bidder could complete documentaries and enjoy the royalty options on those as well. Add the fact that dozens of international stock media content platforms already work to license some of the files which include but are not limited to, Getty / iStock, Pond5, Shutterstock, WireStock, Stringr, Stringershub, Adobe and so many others that the successful bidder can invest in the massive expansion of opportunities with a catalogue over over 200,000 files.

ProPics Canada Media Ltd will have an auction reserve of $2,000,000.00 USD but expects the winning bid will be much higher given the value of the catalogue. Currently ProPics Canada Media Ltd receives monthly royalties from sources around the world but this would provide the company with a cash infusion for new development in a lump sum. The current royalty amounts are not being publicly released but it is known that the payments have increased substantially year over year. ProPics Canada Media Ltd is currently in talks with several international auction houses to find the right match. As this could have far reaching implications for current and future content creators, it is important that this auction is handled properly.
https://vimeo.com/790958614