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Thomson Reuters to launch corporate news video service News provider to provide online videos for financial sector.
Financial information provider Thomson Reuters is to launch a video platform for corporate news.
The service, called Insider, has been dubbed the YouTube for the financial world and will feature videos from the company itself and a range of partners, 150 of which have already been signed up.
According to the Financial Times, Thomson Reuters said Insider will transform "financial programming from a passive one-way broadcast into a highly collaborative and personalised medium".
"Traditional desktops are about the two-dimensional consumption of data whereas what this does is change the paradigm," Stephen Wilson, the firm's global head of exchange-traded instruments, told the news provider.
The new service forms part of a $1 billon (£666 million) investment programme by the company as it seeks to compete with other financial news providers, such as the Wall Street Journal, which have also recently moved into online video.
Thomson Reuters was created in 2008 by the purchase of Reuters by the Thomson Corporation. As of last year, it has over 55,000 employees operating in more than 100 countries.
Posted by Liam Wallace
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