Reuters this week announced it had launched an online live stream service, providing video access to breaking and scheduled news events from around the world.

In a release the news agency said the live stream will provide a faster and cost-effective option to the traditional satellite news-gathering method.

“Publishers asked for customizable news video, and that’s exactly what we are delivering,” said Chris Ahearn, president of media, Thomson Reuters.”You will continue to see Reuters delivering tools that increase efficiency, reduce cost, and drive revenue. We are working hard to meet the growing demands of the media industry.”

According to Reuters the Tribune Company in the US and Fairfax Media in Australia were the first to adopt the new technology, to carry live coverage of the royal wedding.