Viacom buys the free video streaming service Pluto.tv for $340 million

Viacom is bucking the trend of launching new premium subscription-based entertainment offerings with its bid to acquire Pluto TV for $340 million in cash. It’s a way to distribute the company’s once mighty-with-millennial properties like Cartoon Network, Comedy Central, MTV and BET to an audience that doesn’t pay for cable and boost the audience and reach for […]

View More Viacom buys the free video streaming service Pluto.tv for $340 million