Episode 13 of the Investing Matters Podcast has dropped. Listen to our latest episode featuring John Stepek, the Executive Editor of MoneyWeek here.

Less Ads, More Data, More Tools Register for FREE

BSkyB Takes Interest In Video-On-Demand Company Pluto.TV

Mon, 13th Oct 2014 08:08

LONDON (Alliance News) - British Sky Broadcasting Group PLC Monday said it has bought a USD0.5 million convertible debt security in California-based early stage technology company Pluto.TV, a deal that continues the broadcaster's recent stake building in tech startups.

Pluto.TV specialises in aggregating online video on demand content and curating it into linear, genre-based channels which are distributed through its application across web, mobile and connected TVs, BSkyB said in a short statement.

BSkyB shares were down 0.8% at 879.50 pence early Monday.

By Steve McGrath; stevemcgrath@alliancenews.com; @stevemcgrath1

Copyright 2014 Alliance News Limited. All Rights Reserved.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.