08:58 AM EDT, 09/09/2025 (MT Newswires) -- Magnite ( MGNI ) said Tuesday that it has acquired Streamr.ai, a platform that allows small and medium-sized businesses create and launch AI-generated video ads on connected televisions.

Financial terms were not disclosed.

Magnite ( MGNI ) will offer Streamr.ai's technology to its partners that work with small and medium-sized businesses, including agencies, retail media networks, and publishers.

Streamr.ai Chief Executive Jonathan Moffie and Chief Technology Officer Frank Turano, who are co-founders of the company, will join Magnite ( MGNI ), the company said.