Nas’ Queensbridge Venture Partners Sells PlutoTV for $340 Million
Nas is creeping towards his goal of being the next billionaire one million at a time. His most recent deal has placed him a few millions closer to his mark. Nas has always been a visionary and has the ability to see trends years in advance of their happening. He did so in music and fashion and now he’s doing so in business.
Over the past five years through his investment company Queensbridge Venture Partners, Nas invested millions into upcoming internet-based television streaming services among other businesses. One such company was an upstart named PlutoTV. The company has grown over the past five years to becoming a paid streaming service with over 100 channels and tons of on-demand content.
Now Nas and his Queensbridge Venture Partners have sold PlutoTV to major network brand Viacom for a cool $340 million. Viacom also own other network companies including BET, MTV, VH1 and others. PlutoTV’s CEO Tom Ryan released the following statement, “Viacom’s portfolio of global, iconic brands and IP, advanced advertising leadership and international reach will enable Pluto TV to grow even faster and become a major force in streaming TV worldwide. Viacom is the perfect partner to help us accomplish our mission of entertaining the planet.”
You may be interested
Jade Novah Releases Music Video for Latest Single “Cosmic Love” – Watch HereEditorial Dept - February 18, 2019
Singer, actress, and social influencer Jade Novah releases her music video for the latest single “Cosmic Love.” (more…)
Scott Mulvahill wows listeners with his NPR Tiny Desk Concerts PerformanceEditorial Dept - February 18, 2019
Singer-songwriter and upright bass player Scott Mulvahill stopped by NPR’s Tiny Desk Concerts “studio” in (more…)
Stephen “Ragga” Marley Set to Kick Off 2019 Acoustic Tour – Details HereEditorial Dept - February 18, 2019
On February 25th, the eight-time GRAMMY-winning musician Stephen “Ragga” Marley (more…)