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Viacom pulls Pluto TV into orbit with $340 million

bizjournals Tuesday, 22 January 2019 ()
While its rivals are building streaming platforms, Viacom Inc. is buying them. The media conglomerate has bought Pluto TV for $340 million in cash. The free streaming service will operate as an independent subsidiary of Viacom (NASDAQ: VIAB, VIA) going forward under co-founder and CEO Tom Ryan, serving as a distribution channel for digital brands such as Awesomeness and a marketing platform for Viacom’s portfolio, per The Hollywood Reporter. Viacom’s media brands include such cable networks…
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News video: Nas Inks $340 Million Deal With Viacom

▶ Nas Inks $340 Million Deal With Viacom 00:54

Nas Inks $340 Million Deal With Viacom Viacom has signed the deal with the legendary rapper's Queensbridge Venture Partners media group. The two companies will split the cost for the U.S.'s leading free television streaming service, Pluto TV. Bob Bakish, Viacom President and CEO, via statement Bob...

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