Viacom Acquires Pluto TV For $340 Million In Cash

Pluto has accumulated more than 12 million monthly active users, 7.5 million of which are on connected TVs. Viacom’s announcement of the transaction said Pluto has also secured new distribution deals that will make the service available on tens of millions of additional devices in the coming months. – Dade Hayes, Deadline Hollywood » http://bit.ly/2Hs16Uk