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Report: Viacom in talks to acquire streaming service Tubi TV

Jan. 11, 2019 4:04 PM ETViacom Inc. (VIA-OLD) StockVIA-OLD, LGF.A, WBD, VIAB, SKYAY, LGF.BBy: Jason Aycock, SA News Editor10 Comments
  • Viacom (VIA, VIAB) has held recent talks to get into video streaming via an acquisition of Tubi TV, The Information reports.
  • Tubi is a free service that features investments from MGM and Lions Gate (LGF.A, LGF.B) among others.
  • Viacom also approached Tubi rival Pluto TV (backed by Sky (OTCPK:SKYAY) and Scripps Networks (NASDAQ:DISCA)) late last year, according to the report.
  • The move would differentiate Viacom from rivals setting up subscription video on demand considering that Tubi is free, ad-supported streaming video.

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