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Tag Archives: Viacom

Viacom, DirecTV Carriage Talks Continue While Blackout Looms – Variety

UPDATED : The Viacom and DirecTV executives head this evening for contract negotiations on high-volume treaty renewals for both sides. The talks were still going on after the ET deadline had passed until midnight and the broadcasters were still active on DirecTV. A team of Viacom executives, led by Tom Gorke, vice vice president and head of sales and business …

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Viacom buys a free streaming Pluto TV service for $ 340 million

NEW YORK – (BUSINESS WIRE) – Viacom Inc. (NASDAQ: VIAB, VIA) today announced that it has a definitive agreement to acquire Pluto TV, the leading free-streaming TV service in the US , has completed in cash for 340 million dollars. Founded in 2013, Pluto TV broadcasts more than 100 channels and thousands of hours of on-demand content from the areas …

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Viacom Acquires Pluto TV Streaming Service for $ 340 Million

Viacom has acquired Pluto TV, the free, advertising-based streaming service, for $ 340 million in cash. The service, which has around 12 million active users per month, will act as an independent subsidiary within the company and retain its current CEO. Pluto TV currently has around 100 ad-supported channels and a library of on-demand content, both of which can be …

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Viacom Buys Pluto.tv Free Video Streaming Service for $ 340 Million – TechCrunch

"Today is an important step in the development of Viacom because we are working to advance both our business and the industry. Pluto TV's unique and market-leading product, combined with Viacom's brands, content, advanced advertising capabilities and global reach, provides a great opportunity for consumers, partners and Viacom, "said Bob Bakish, President and Chief Executive of Viacom, in a statement …

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Viacom acquires Pluto TV for $ 340 million in cash

Two weeks after the first appearance of Viacom that Viacom had conducted takeover calls with ad-supported streaming services, Pluto TV was acquired for $ 340 million in cash. Pluto TV was founded in 2013 and is the leading free streaming service. The United States serves as a bundled 21st century experience, offering viewers more than 100 channels and thousands of …

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Viacom Q4 profit declines due to cable revenue – diversity

Viacom Inc. announced that net income declined in the fourth quarter as sales plunged overseas and remained constant year-over-year in US operations, even though the company posted improvements in its film department and gains from cable distributors , The New York owner of MTV, Nickelodeon and Paramount Film Studio said earnings for the period were $ 386 million, or 96 …

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Owner Shari Redstone wants to combine and sell CBS and Viacom

The most bitter discussion in the boardroom has lately triggered a series of failures, verbal contests, and a physical confrontation with hands on a face that could shape the future of CBS and Viacom. Shari Redstone, the controlling owner of CBS, has filed a lawsuit against the broadcaster and its executive director Les Moonves at the Delaware Chancery Court, outlining …

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