Turner Broadcasting System has acquired a majority stake in iStreamPlanet, a provider of large-scale, live event streaming, TV Everywhere network simulcasts and OTT multiplatform solutions.
Turner plans to leverage iStreamPlanet's technology to deliver its OTT programming, shift its core technology infrastructure to the cloud and develop new products and services for existing and new businesses. Under the terms of the deal, iStreamPlanet will remain a standalone entity and continue to conduct business and broker independent deals with existing and new third-party clients while working closely with Turner to explore new business opportunities.
