Turner Broadcasting Acquires Control of Live Video Streamer

Turner Broadcasting System acquired a majority stake in live video company iStreamPlanet, it said Friday in a news release. Turner plans to leverage the company's technology to deliver its over-the-top programming, develop new products and shift its core technology infrastructure to the cloud, said the release. iStreamPlanet will continue to be a stand-alone entity, Turner said. Turner is a unit of Time Warner.