Viacom’s acquisition of Pluto TV will boost their position in the direct-to-consumer market, according g to GlobalData.
Viacom has entered into a definitive agreement to acquire Pluto TV, the free streaming television service in the US, for $340 million in cash.
US streaming provider Pluto TV will launch a fully localised service in Germany and Austria on December 4, 2018.
Discovery has signed a deal with Pluto TV that will see content from the media company be distributed on the ad-supported streaming TV and VOD service.
Pluto TV is expanding its free streaming television service into Europe, premiering in the UK market on Sky Now TV.
Facebook will launch a new VR app Oculus TV with content from ESPN+, Hulu, and Pluto TV at the end of the month.
SpotX, a video advertising and monetisation platform, has extended their strategic partnership with Pluto TV, the free OTT television service in America.
US internet TV service Pluto TV has received $5 million in funding from Samsung Venture Investment Corporation, the venture capital arm of the Samsung Group.
ProSiebenSat.1 has acquired a 14% stake in US-based global video service Pluto TV for “a high single digit” amount, according to the German media company.
Sky has acquired a $500 million debt security in Pluto.TV, the web TV service, available though mobile apps and connected TVs.