Turner Broadcasting System has acquired a controlling stake in iStreamPlanet, a moves seen as securing OTT delivery assets. iStreamPlanet is a video streaming company which specializes in the cloud and has multiple VC and industry investors including Turner. iStreamPlanet said that the investment will allow it to develop new products and services, and shift existing infrastructure further into the cloud. Framing the deal as “an important piece of Turner’s ongoing technology transformation,” Turner said that iStreamPlanet will continue to operate as a standalone business, and will still be able to hunt customers independently of its new parent. However, the pair appear ready to collaborate on new plans for business ventures – centered on cloud-processed and delivered video content. iStreamPlanet primarily…