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News: General

OTT Service "Pluto TV" Expands With Acquisitions and 30M Investment

Wednesday, October 12, 2016   (0 Comments)
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From Variety:

Startup Pluto TV — which is trying to build the world’s biggest service for free TV and other video programming — announced that it has raised $30 million in Series B funding, led by German media giant ProSiebenSat.1 with participation from Scripps Networks Interactive, Sallfort PrivatBank and others.

As part of the investment, Pluto TV has acquired Quazer, a Berlin-based over-the-top video startup focused on non-fiction programming serving German-speaking markets, from ProSiebenSat.1.

“With this funding and the expansion into Europe, Pluto TV is uniquely positioned to become the global OTT destination for free television,” said Pluto TV CEO Tom Ryan in a statement.

- Read the full article at Variety.com


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