Proxima Launches Media & Entertainment Hub

Online, January 23, 2014 (Newswire.com) - Proxima, a leading international procurement services provider, today announced that the company has launched a formalized effort to help companies in the media and entertainment sector better manage outside suppliers and costs by expanding its online resources to include content, analysis and insight specific to the industry.

Executives within media and entertainment companies around the world can now access Proxima's expanded content hub to gain a better understanding of the issues and trends influencing external spend and to better focus the company's collection of suppliers to assist in driving business performance and achieving functional aims.

Proxima is focusing on the media and entertainment sector having worked with some of the highest profile companies in the sector, helping them to successfully drive maximum value from suppliers and improve profitability in an industry that is becoming increasingly virtualized and reliant on external suppliers.

"Digitization along with changes in technology and consumer consumption of content has had a dramatic impact on the organizational structure and spending habits of companies in the media and entertainment sector," said Matthew Eatough, CEO of Proxima. "Companies in this space are now directing 55% of revenues towards third party suppliers and are spending twice as much on suppliers as they are their own people. Identifying the right suppliers, managing them appropriately and deriving the greatest possible value at minimum risk are the core challenges facing many of these companies today. Proxima equips these companies with the knowledge and ability to better manage their virtualized workforce in a way that positively impacts the bottom line."

Material and content from Proxima's media and entertainment content hub is accessible at:
http://insight.proximagroup.com/media-and-entertainment

About Proxima:

Proxima is a leading international procurement and sourcing services provider that takes full responsibility for handling an organization's third party cost base on an actively managed, long-term basis. With an approach that centers on helping companies spend well and maximize value from their operations, Proxima now manages over $10 billion in operational spend from clients across a broad range of industries including consumer products, healthcare and media and entertainment. Proxima is headquartered in the UK with U.S. offices in Chicago and Los Angeles along with a significant European footprint covering the Netherlands, Belgium, France, Switzerland, Spain, Germany and the Nordics.
For more information, please visit www.proximagroup.com.

Media Contact:

Greg Kalish
GK Communications for Proxima
Ph: 516-665-3292
E: [email protected]