Today Pluto TV announced that it has received $8.3 million in new funding with $5 million of it coming from Samsung Venture Investment Corporation the VC arm of Samsung Group.
“Samsung is the global leader in the TV market, changing the way people experience entertainment through constant innovation,” said Tom Ryan, CEO of Pluto TV, in a statement about the new funding. “Their investment in Pluto TV is a great vote of confidence in our mission to bring free Internet television to consumers everywhere.”
“Pluto TV is the leading free Internet TV service in America and we see huge potential for the company as they scale their cutting-edge offering to viewers around the world,” said Jihong Kim with Samsung Venture Investment Corporation, also in a statement.
Since launch, Pluto TV has raised $51.8 million from investors including USVP, ProSiebenSat.1 Media, Scripps Networks Interactive, Sky, United Talent Agency, Luminari Capital, Chicago Ventures, Pritzker Group and others.
This has helped Pluto TV struck over 40 40 deals with companies like Warner Bros, Lionsgate, Metro-Goldwyn-Mayer (MGM), Bloomberg, Al Jazeera English, Cheddar, Gravitas Ventures, Asylum, Viz Media, Electronic Music Awards, Big Sky Conference, Stadium, Jukin Media, and JASH.
You can try Pluto TV out on a wide range of devices including Samsung Smart TVs, Roku, Apple TV, and game consoles like PlayStation and Xbox.
Source: Tech Crunch
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