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Nas’ Company Sells Pluto TV To Viacom For $340M

On Tuesday (Jan. 22), Businesswire announced that media giant Viacom has agreed to a definitive deal with Nas’ Queensbridge Venture Partners to acquire their Pluto TV streaming service for $340 million. 

The service that was founded in 2013 has accumulated over 130 partnerships with TV networks, media networks, and major film studios allowing Pluto to offer more than 100 streamable TV channels in all genres of entertainment. Pluto TV compatible with almost every device with streaming capabilities including Andriod and iOS products for a monthly rate.

“Today marks an important step forward in Viacom’s evolution, as we work to move both our company and the industry forward,” Bob Bakish Viacom President and CEO said. “Pluto TV’s unique and market-leading product, combined with Viacom’s brands, content, advanced advertising capabilities and global scale, creates a great opportunity for consumers, partners and Viacom.”

Pluto is added to the list of startups like Lyft and Rap Genius in which Nas has placed early investments and helped elevate to reputable status.

Congrats to Nas and the team.

Written by The Editor

warrior dedicated to the cause of fighting the takeover of our culture.

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“Our chests are so far out, in terms of pride,” says Jay Jackson, the great-grandson of Albert Jackson, who became the first Black postman in May 1882. “It’s something we were hoping would come together and it’s now at fruition. We’re so very proud.” He credits the Toronto Local of the Canadian Union of Postal Workers (CUPW), particularly Mark Brown, for lobbying Canada Post for several years to include Albert Jackson in its Black History series. Launched in 2009, the series has included trailblazers Viola Desmond, Lincoln Alexander, Kathleen ‘Kay’ Livingstone and Mathieu Da Costa. “It has been a long fight and we are pleased that Albert Jackson will finally get the prominence he deserves,” said Brown in a statement. “This is great news.” The current issue of Details, a Canada Post magazine for collectors, reveals Jackson is the 2019 Black History Month stamp in a sneak peak of what to expect next year. Born a slave in Delaware, around 1856, Albert Jackson was one of nine children. After two brothers were sold, and his father died, his mother Ann Maria Jackson fled in 1858 with her seven children to Philadelphia, where African-American abolitionist William Still ran a station of the Underground Railroad, helping fugitive slaves get to Canada. The family settled in Toronto. In 1882, when many Black men worked as labourers or in the service industry, Jackson landed a government-appointed job as a letter carrier. But on his first day, white postmen refused to train him because he was Black, so he was reassigned to hall porter. The incident sparked headlines in newspapers. On May 17, an article in The Evening Telegram described Jackson as “the obnoxious coloured man,” saying he elicited “intense disgust of the existing post office staff.” Two days later an editorial in that paper noted, “Objection to the young man on account of his colour is indefensible … Taxes are not made a penny less to a man because he happens to have dark skin.” Albert Jackson shown here in a group shot of Toronto Letter Carriers. Albert Jackson shown here in a group shot of Toronto Letter Carriers. (LIBRARY AND ARCHIVES CANADA AND TORONTO'S FIRST POST OFFICE)

Canada Post to Issue Stamp Honouring Albert Jackson The Country’s First Negro Postman

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