LONDON--British Sky Broadcasting Group PLC (BSY.LN) said
Thursday that Sky has made a $1 million equity investment in
Pluto.TV.
This follows Sky's $0.5 million convertible debt investment in
Pluto.TV in October.
British Sky Broadcasting Group, the leading pay-television
operator in the U.K., is commonly known as BSkyB and trades as
Sky.
BSkyB's biggest shareholder is 21st Century Fox with a 39.1%
stake. Until late June, 21st Century Fox was part of the same
company as The Wall Street Journal and Dow Jones Newswires' owner:
News Corp.
Pluto.TV is an early stage technology company based in
California, specializing in the aggregation and curation of Video
on Demand content into linear, genre-based channels.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
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