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ProSiebenSat.1, Scripps invest in Pluto OTT

Over-the-top video service Pluto TV has raised US$30 million in a funding round led by ProSiebenSat.1 Group, which also included participation from Scripps Networks Interactive. In a statement, ProSiebenSat.1 said that it invested a “high seven-figure sum” in the Los Angeles-based business, making it the largest strategic shareholder in Pluto TV with an approximate 14% stake. […]