- Thomson Reuters Corp. (TSX:TRI) has signed a definitive agreement to acquire Imagen Ltd., a cloud-native media asset management company
- Imagen helps sports organizations, businesses, and media companies manage their digital content libraries via access through its media management and distribution platform
- Imagen also owns Screenocean, a platform that provides production companies and others the ability to license video and photo content from around the world
- Thomson Reuters Corp. opened trading at C$182.49 per share
Thomson Reuters Corp. (TSX:TRI) has signed a definitive agreement to acquire Imagen Ltd., a cloud-native media asset management company.
Imagen helps sports organizations, businesses, and media companies manage their digital content libraries via access through its media management and distribution platform. Imagen also owns Screenocean, a platform that provides production companies and others the ability to license video and photo content from around the world.
Reuters President Paul Bascobert said in a news release that the Imagen acquisition will continue the company’s plans to build a “world-class” experience for Reuters News Agency customers, making it easier for them to discover, access and manage the content they need to deliver their product to their audiences.
“With the addition of Imagen, clients will have the ability to seamlessly add media asset management services to store, manipulate, permission, distribute and monetize all their visual content,” Bascobert said.
Imagen CEO Charlie Horrell added that his team is excited for the potential that comes with joining the Reuters family.
“The combination of Reuters and Imagen brings significant opportunities to reach new customers and better-serve existing ones. We look forward to a bright future together,” Horrell said in a statement.
The business will be operated as part of Thomson Reuters’ Reuters News division.
Thomson Reuters Corp. is a Canadian provider of business information services. Reuters News supplies business, financial and global news to media organizations, professionals, and news consumers through Reuters News Agency, Reuters.com, Reuters Events, Thomson Reuters products and the Refinitiv business of LSEG, a global financial markets infrastructure and data provider.
Thomson Reuters Corp. opened trading at C$182.49 per share.
Join the discussion: Find out what everybody’s saying about this stock on the Thomson Reuters Corp. Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
