Nas’ Queensbridge Venture Partners Sells PlutoTV for $340 Million

January 24, 2019
810 Views

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

Teyana Taylor with her Exclusive Collection on Pretty Little Things
Entertainment
1134 views
Entertainment
1134 views

Teyana Taylor with her Exclusive Collection on Pretty Little Things

International_d - January 26, 2021

  Teyana Taylor with her Exclusive Collection on Pretty Little Things, after announcing her retirement from music following issues with…

KOBE BRYANT THE MAKING OF THE BLACK MAMBA
Entertainment
1096 views
Entertainment
1096 views

KOBE BRYANT THE MAKING OF THE BLACK MAMBA

International_d - January 26, 2021

  This full-length documentary goes into full detail about the Kobe Bryant legacy. Kobe Bryant was an American professional basketball…

RESPECT
Entertainment
1105 views
Entertainment
1105 views

RESPECT

International_d - January 26, 2021

  Oscar-winner Jennifer Hudson is starring as the legendary Queen of Soul, Aretha Franklin, in the new biopic Respect, The film,…


    %d bloggers like this: