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LVMH · ParisAbaca Press owner Jean-Michel Psaila (middle) confirming the new relationship at the Paris Match offices today. France based editorial photo agency Abaca Press, founded by Jean-Michel Psaila in 1992, has been acquired by the Paris Match magazine. Deal Details: • Paris Match has acquired an 80% stake in ABACA. • As the news image market consolidates, Paris Match seeks to support ABACA in its development of video content and in its strategic integ…See the Story
Abaca Press photo agency acquired by Paris Match magazine

Germany · GermanyIMAGO CEO Sophie Ziervogel Sophie Ziervogel is the new Chief Executive Officer at the German photo agency IMAGO. Sophie, who moves from a Chief Growth Officer and Chief Operating Officer role at the agency, succeeds Markus Kohl, who is stepping down after eight years as IMAGO’s CEO and more than 25 years of dedicated service to the company. They say: ‘Throughout his tenure, he played a pivotal role in shaping IMAGO’s evolution from a German pict…Read Article
IMAGO appoints Sophie Ziervogel as CEO – Markus Kohl steps down

Artificial IntelligenceReuters news agency has launched another AI powered tool this week, an AI-voiced packaged video content in Spanish and Portuguese which will allow customers to create engaging and informative video content. They say: ‘This Innovative offering combines the power of AI with Reuters expertise in news and information to provide high-quality video content in greater volumes for media customers, giving them more options in selecting the content that w…Read Article