Thursday, November 20, 2014

Pluto TV takes $13M for its free linear TV streaming service



Pluto TV is kind of brilliant. It offers free access to over a hundred different video streams (aka channels), which are preprogrammed the way TV channels are. And those channels are filled with things you’d actually want to watch, such as anime, gadget reviews, and original web series. There’s even an entire channel devoted to marijuana. But it also has quite a few “background” channels, such as an endless video feed of adorable puppies, ice cream melting (literally), and trains traveling through the European countryside. (That last one — Slow TV — is my personal favorite to fall asleep to.) [...] And today the Los Angeles-based startup announced that it has closed a fresh $13 million round of funding. The series A round was led by U.S. Venture Partners (USVP), with participation from United Talent Agency, Sky, Chicago Ventures, Great Oaks Venture Capital, and Luminari Capital. Pluto TV said it plans to use the new capital to increase its video content and add support for the streaming TV service on more platforms. - Tom Cheredar,VentureBeat [via/web:http://streaming-tv.us]

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