Thomson Reuters is set to buy Imagen, a digital content asset management company, for an undisclosed price, to expand its agency business to new customers.
Britain-based Imagen, which owns the Screenocean video distribution platform, operates digital content libraries for sports, media and business companies including Premier League soccer and Major League Baseball.
Imagen will become a part of the Reuters News division.
Reuters serves agency clients through Reuters Connect, a business-to-business content marketplace that licenses Reuters text, images and videos as well as news and content from more than 70 other providers that include the BBC, USA Today and China’s CCTV.
On Monday, Thomson Reuters said it agreed to buy Casetext, a California-based AI company that helps legal professionals conduct research, analysis and prepare documents using generative AI, for $650 million.
Thomson Reuters has earmarked $10 billion for acquisitions and about $100 million per year in investments in AI capabilities.
