Viacom to acquire Pluto TV, a free, ad-supported streaming service, for $340M in cash; Pluto TV to operate as an independent subsidiary when the deal closes
Sara Fischer / Axios :
Sources: Viacom in talks to acquire Tubi TV, an ad-supported streaming service partly owned by MGM and Lionsgate; one source estimated a cost of around $300M
The Information : Tweets: @cityofthetown Tweets: Tom Dotan / @cityofthetown : Viacom is eyeing free ad supported video on demand services. Has held acquisition talks with Tubi TV. Also looked at Plut...
Sources: Viacom in talks to acquire Tubi TV, an ad-supported streaming service partly owned by MGM and Lionsgate; one source estimated a cost of around $300M
Nearly every major media company in recent years has launched video streaming services that cost viewers a few dollars a month and don't carry ads … Tweets: @cityofthetown Tweets: Tom Dotan / @cityoft...
Video streaming startup NewTV, led by Jeffrey Katzenberg and Meg Whitman, raises $1B round with Disney, Alibaba, NBCUniversal, Viacom, and others participating
Backers include Disney, Fox, Sony, Lionsgate, MGM, NBCU, Viacom, WarnerMedia, Alibaba, Liberty Global, Madrone Capital
Viacom to acquire youth-focused digital media company AwesomenessTV; sources say for $25M plus debt, well below AwesomenessTV's $650M valuation in 2016
The deal, which sources say also includes the assumption of some debt, is significantly lower than the $650 million valuation that Awesomeness had in 2016.
Viacom to launch streaming service by September with content it removed from Hulu and Netflix, is talking to US mobile carriers to distribute its TV channels
Wall Street Journal :
Viacom confirms it has acquired online video conference VidCon and will run it as a standalone subsidiary
It's official: Viacom has announced the acquisition VidCon, host of the world's biggest conference dedicated to YouTube and online video. — Financial terms of the deal were not disclosed.
A&E, Scripps, Discovery, AMC, and Viacom invest $25M in Philo, a new streaming service with programming from 35+ cable TV channels and 30-day DVR, for $16/month
without sports or broadcast channels — for $16 a month Sarah Perez / TechCrunch : Philo ditches sports to introduce a $16 per month live TV service Jon Lafayette / Broadcasting & Cable : Viacom, Disco...
Viacom cites “changing media consumption habits” in $750M writedown
Peter Kafka / Re/code :
Viacom's Nickelodeon will launch Noggin, a subscription video service aimed at pre-schoolers, on March 5 for $5.99/month
Brian Steinberg / Variety :