Viacom Plots Launch of Streaming Service

Bob Bakish, who has been CEO of the New York entertainment conglomerate for the past 14 months, said the company is planning a new over-the-top streaming product that will seek to make use of thousands of hours of Viacom’s “library product” and advertising, he said during a briefing at an investor conference organized by Morgan Stanley. The service is expected to launch later this year. – Brian Steinberg, Variety http://ift.tt/2F7xw4b