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Viacom spent $340 million on Pluto TV to get into free streaming

Technology

Viacom spent $340 million on Pluto TV to get into free streaming

Fast Company - By Jared Newman

Viacom is buying its way into the ad-supported streaming video business by acquiring Pluto TV in a $340 million cash deal, B&C reports. Pluto TV launched in 2014 and originally wove video from other sites like YouTube into round-the-clock streaming “channels.” Since then, it’s focused on making …

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