LONDON--British Sky Broadcasting Group PLC (BSY.LN) said Thursday that Sky has made a $1 million equity investment in Pluto.TV.

This follows Sky's $0.5 million convertible debt investment in Pluto.TV in October.

British Sky Broadcasting Group, the leading pay-television operator in the U.K., is commonly known as BSkyB and trades as Sky.

BSkyB's biggest shareholder is 21st Century Fox with a 39.1% stake. Until late June, 21st Century Fox was part of the same company as The Wall Street Journal and Dow Jones Newswires' owner: News Corp.

Pluto.TV is an early stage technology company based in California, specializing in the aggregation and curation of Video on Demand content into linear, genre-based channels.

-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

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