Core Insights - Minute Media has acquired VideoVerse to enhance its sports technology and content assets, creating a comprehensive solution for rights holders, leagues, teams, distributors, and marketers [1][2] - The flagship product of VideoVerse, Magnifi, is an AI-driven SaaS platform that automates the identification of key moments and generates engaging short video content for distribution [1][2] - The acquisition aims to deepen Minute Media's strategic partnerships with top teams, leagues, and sports federations globally, while also improving the return on investment (ROI) for existing clients [1][2] Company Overview - Minute Media is a global technology and content company focused on sports and culture, operating leading sports content brands such as The Players' Tribune, FanSided, and 90min [4] - The company supports digital content creation, distribution, and monetization through its proprietary technology platform, reaching 200 million monthly users across 14 markets and 10 languages [4] - Minute Media also publishes Sports Illustrated and its related magazines, establishing a substantial print subscription user base [4] VideoVerse and Magnifi - Magnifi, under VideoVerse, utilizes AI technologies like computer vision and machine learning to enhance the fan experience by quickly capturing and distributing key moments from sports events [2][6] - The platform offers various GenAI features, including multi-language subtitle generation and automated thumbnail creation, aimed at providing an end-to-end automated editing workspace [2][6] - VideoVerse collaborates with top content rights holders and broadcasters, including FIFA+ and the Portugal Football Federation, to enhance exposure and audience engagement for sports content [6]