Contact the editor at karina@plainlanguagemedia.com Viacom strikes a deal to acquire free streaming TV service Pluto TV for $340 million in cash. President & CEO Bob Bakish identified the "significant white space in the ad-supported streaming market" as a growth opportunity for the company. Pluto TV streams over 100 channels and has more than 12 million monthly active … [Read more...] about M&A: Bandai, Viacom, Bravado & More Expand
Bravado
Licensors Poised to Lose Millions in Royalties
The Hollywood Reporter reports that top entertainment and music companies like Discovery, CBS, Fox, and NBCUniversal are facing millions in lost royalties if a planned bankruptcy auction of Delivery Agent goes through. Delivery Agent was founded in 2005; the company runs digital platforms that sell licensed merchandise and has generated more than $800 million in revenue. After … [Read more...] about Licensors Poised to Lose Millions in Royalties