Nas Pockets $340 Million After Viacom Makes a Huge Deal With His Pluto TV Streaming Service
Congrats to QBVP portfolio company Pluto tv on the successful outcome. I had nothing to personally do with the transaction but am happy for the team who did a great job building something special.
Nas’ Queensbridge Venture Partners invested in Pluto TV back in 2014 and now Viacom has purchased the streaming service for $340 million.
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Pluto TV allows users to access over 100 channels and on-demand movies. The company already has partnerships other media networks and companies and the service is compatible with all streaming devices. According to Viacom President and CEO Bob Bakish, there will be various price points and even a free level. Nas’ company has millions of dollars invested in 159 different tech stocks including Lyft, Genius, and PillPak which was bought by Amazon for $1 billion.
If you could go back an invest in a company, which one do you wish you would’ve invested in?
Album: It Was Written By: Nas Year: 1996