The best Samsung deals! Galaxy Book 4 series, Watch 6, S24 Ultra or Z Flip 5! - Join SamMobile on Telegram!

SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

Notifications
    News for you

    Samsung invests $5 million in online TV service Pluto TV

    TV
    By 

    Last updated: October 17th, 2017 at 07:29 UTC+02:00

    Pluto TV is an online TV service with more than six million subscribers. It's one of the biggest ad-supported online TV services available right now. Pluto TV distributes more than 100 live TV channels from news, cooking and sports to kids' entertainment channels for free.

    Samsung has announced a $5 million investment in the Los Angeles-based Pluto TV. The funding has been provided by Samsung Venture Investment Corp., a division of the South Korean conglomerate.

    Investing In An Online TV Service

    Samsung's investment in Pluto TV will allow the company to package an online TV service for its products such as smartphones and TVs. Samsung is a leader in both the smartphone and smart TV markets so having a packaged online TV service does make sense for the company.

    Pluto TV offers its ad-supported free online TV service through apps for a variety of platforms. The app is available for Android and iOS devices. There are no subscription fees but viewers have to put up with ads.

    “Pluto TV is the leading free Internet TV service in America and we see huge potential for the company as they scale their cutting edge offering to viewers around the world,” said Jihong Kim, a senior investment manager with Samsung Venture Investment Corporation.

    It remains to be seen when this packaged TV service is going to arrive on Samsung products. It's likely going to be limited to customers in the US.

    Source TV Samsung Venture Investment CorporationSmart TVs

    You might also like

    Will Samsung TVs finally get the One UI treatment in 2024?

    Will Samsung TVs finally get the One UI treatment in 2024?

    As the world's leading TV vendor, it goes without saying that Samsung sells a lot of televisions across the globe. Its influential position in the market means that the company can dictate trends and raise the bar for its competitors as they make their efforts to grab a bigger piece of the pie. Naturally, one […]

    • By Adnan Farooqui
    • 5 months ago
    Samsung is giving smart TV owners free Apple TV+ for three months

    Samsung is giving smart TV owners free Apple TV+ for three months

    It was back in 2019 when the Apple TV app was released for Samsung smart TVs. It enables users to access the Apple TV+ streaming service. A rare move indeed, but since Samsung doesn't have a competing TV streaming service, it doesn't mind providing customers who own its TVs with access to Apple's. The company […]

    • By Adnan Farooqui
    • 2 years ago
    You’ll soon be able to stream Xbox games right on your Samsung smart TV

    You’ll soon be able to stream Xbox games right on your Samsung smart TV

    Samsung makes some of the best TVs that you can hook your Xbox up to. However, soon you won't even need a console to play Xbox games on your TV. Microsoft is working on a Samsung smart TV Xbox app that will let you stream games directly on the TV. Microsoft is big on cloud […]

    • By Adnan Farooqui
    • 2 years ago
    Samsung Black Friday 2020: Best deals on phones, TVs, and more

    Samsung Black Friday 2020: Best deals on phones, TVs, and more

    Black Friday 2020 is here and to no one's surprise, Samsung Electronics America has marked the occasion by preparing a series of attractive deals and discounts on a wide variety of products, from smartphones to TVs and home appliances. Samsung has applied discounts to various smartphone models but the bigger focus is on trade-in deals. […]

    • By Mihai Matei
    • 3 years ago
    Samsung confirms its 2020 4K QLED TVs have HDMI 2.1

    Samsung confirms its 2020 4K QLED TVs have HDMI 2.1

    Samsung's 4K QLED 2020 TV lineup is now available for purchase in various markets, but while the official spec sheet for these models is fairly detailed, the company failed to specify their exact HDMI capabilities. In other words, it's unclear whether Samsung's 4K QLED 2020 TV series has HDMI 2.1 capabilities. Or at least, it […]

    • By Mihai Matei
    • 4 years ago
    Tips to get the best out of your Samsung Smart TV during quarantine

    Tips to get the best out of your Samsung Smart TV during quarantine

    Your Samsung Smart TV has likely been seeing more usage in recent weeks, but entertainment isn't the only area wherein these devices excel. On the contrary, Samsung's television portfolio has been equipped to handle a variety of productivity tasks, not to mention its ability to support your workouts and other health-related endeavors. Whether you're taking […]

    • By Dominik Bosnjak
    • 4 years ago