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Viacom buys Pluto TV for USD 340 mln in cash

Wednesday 23 January 2019 | 09:37 CET | News

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Viacom has agreed to buy Pluto TV, a free, ad-funded streaming service from the US. The service last year expanded into Europe, first in the UK, and then in Germany and Austria. Viacom has now bought it for USD 340 million in cash. Tom Ryan, the CEO and co-founder of Pluto TV, will continue to serve as its CEO. Pluto TV itself will operate as an independent unit of Viacom.

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Categories: Broadcast & Satellite / Internet
Companies: Viacom
Countries: World
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