“Today marks an important step forward in Viacom’s evolution, as we work to move both our company and the industry forward,” Bob Bakish, chief executive of Viacom, said in a statement. “Pluto TV’s unique and market-leading product, combined with Viacom’s brands, content, advanced advertising capabilities and global scale, creates a great opportunity for consumers, partners and Viacom.”
Source: latimes.com – Los Angeles Times