News

Reuters swallows up Action Images

By Brent Phelps September 20, 2005

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Reuters_swallows_action_images_4 Reuters has announced the acquisition of UK Sports agency Action Images. This appears to be a move to help Reuters compete (At least in the UK) with Getty images, Corbis, and others offering sports images to stock photo buyers. Monique Villa, Reuters Global Head of News and Pictures, and (the new) Chairman of Action Images, 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 marketplaces and cement our position in existing ones.” Reuters has decided not to disclose the terms of the sales so it’s anybody's guess how much Reuters paid for this new acquisition.

Click here for the original Press Release

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