who bought pluto tv

Verne youre right. Viacom has acquired Los Angeles-based video streaming service Pluto TV for 340 million in cash both companies confirmed Tuesday.

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The erstwhile Viacom bought Pluto TV in early 2019 for 340 million as part of CEO Bob Bakishs strategy to layer digital acquisitions atop its portfolio of basic-cable brands.

. Ryan in 2013 co-founded Pluto TV which offers free-to-watch ad-supported live video channels and on-demand content. Viacom announced Tuesday that it has agreed to buy Pluto TV one of the fastest-growing free ad-supported TV streaming services in the US. Watch 250 channels of free TV and 1000s of on-demand movies.

Viacom which owns such basic cable networks as MTV Nickelodeon Comedy Central and VH1 yesterday announced that it has paid 340 million to. Thats why Viacom bought Pluto TV Wade Davis chief financial officer of Viacom told Business Insider. Viacom prior to its merger with CBS bought Pluto TV.

Tune into your favorite channels streaming the greatest movies binge-worthy TV shows true crime. Above the Pluto TV exhibit at this months Consumer Electronics. Cable giant Viacom is buying the ad-supported streaming startup Pluto TV for 340 million in cash with plans to turn it into the home for its slew of programmes.

Viacom announced it agreed to acquire Pluto TV the leading free streaming television service in the US. NEW YORK-- BUSINESS WIRE --Viacom Inc. Welcome to a whole new world of free TV.

For 340 million in. This deal will give Viacom full control over Pluto TV and its future. The company calls it another way to build its direct-to-consumer business.

Paramount Globals popular FAST free ad-supported TV service Pluto TV crossed 1 billion in revenue last year without one subscriber. The service which offers 100 linear channels. Watch 100 channels and 1000s of movies free.

Viacom buys Pluto TV for 340 million Viacom has purchased Pluto TV to bolster its live-streaming efforts. Today it was announced that Viacom is buying Pluto TV for 340 million in cash. VIAB VIA today announced that it has entered into a definitive agreement to acquire Pluto TV.

Viacom paid 340 million for Pluto TV a leading ad-supported. Viacom is buying Pluto TV a free video streaming TV service for 340 million in cash. The erstwhile Viacom paid 340 million to buy Pluto TV in January 2019 just before reuniting with CBS Corp.

After Rupert Murdoch sold his movie studio and a bunch of his. Two weeks ago Viacom announced that they had acquired ad-supported streaming TV service Pluto TV for 340 million. Comcast bought the streaming service Xumo last month and Viacom bought Pluto TV last year.

The ad-supported streaming service which boasts of offering 100 channels and thousands of movies and TV shows got purchased for 340 million this week by media giant. By ViacomCBS Staff.

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