| MUMBAI: Global news agency Reuters has
acquired Action Images, the specialist sports photography agency in
a deal designed to continue the expansion of Reuters global picture
business.
The deal brings together Reuters global sports coverage with Action
Images archive of more than fifty years of sports photography
and a highly successful editorial and commercial photography business.
The London based Action Images has been in the sports photography
business for the past two decades. Its clients include major sports
clubs and governing bodies, international media publishers and sponsors.
It has a team of photographers working on editorial and commercial
assignments, and has developed an archive of more than seven million
sports images stretching back over 50 years with more than 1.5 million
available online. The deal enables Reuters to expand the sale of
its pictures beyond its traditional media client base into the commercial
market, and to build the Action Images brand in markets outside
the UK. Action Images will also have access to Reuters world class
sports news text and graphics, and will use these to create multi-media
products for its clients.
Reuters has acquired Image Group the holding company of the Action
Images group. The gross assets of Image Group Limited as of December
2004 amounted to £1,821,494. Reuters will retain the Action
Images brand and its founder David Jacobs is remaining as MD of
the Action Images business. Reuters global head of news and pictures
Monique Villa, becomes Action Images chairman and Phillip Kelly
will be its CEO.
Villa said, Bringing together Reuters world class sports
photography with Action Images position in the editorial and commercial
market is a really powerful combination. It is an important part
of the ongoing investment and expansion of our picture business,
allowing us to reach new market places and cement our position in
existing ones.
Jacobs said, This is a huge opportunity for Action Images.
It allows us to take our business to the next level creating multi-media
packages for our clients and reaching out to a truly global audience.
It really opens up the sports photography marketplace, creating
a new alternative for publishers, sponsors and sports bodies.
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