Today’s launch includes the debut of LX News, a weekday newscast targeted to Gen Z and millennials.
On Friday, Roku and NBCUniversal reached a deal bringing Peacock, NBCU’s recently launched streaming service, to Roku, while also keeping a number of other NBC apps on the platform.
Roku, a major streaming gatekeeper, has reached an impasse with NBCUniversal over its nascent Peacock service and a swath of NBCU apps is about to go dark as a result. As soon as overnight Friday into Saturday, 11 national “TV Everywhere” apps, which are available to pay-TV subscribers, will disappear due to the dispute. Dozens of other local apps from NBC and Telemundo stations, which are available only to Roku viewers in those local markets, are also hanging in the balance.
Shares of Roku Inc. surged over 11% on Wednesday after Citi initiated coverage of the streaming video company with a “buy” rating, while Netflix also rallied more than 11%. Roku and Netflix are among several technology-related companies that have benefited as a result of the coronavirus pandemic, with people around the world spending more time at home.
The company’s CFO proclaims the top OTT platform still plays its ‘traditional’ Switzerland role in the streaming wars. But analysts say it now has too many advertising and subscription agendas.
With the incumbent OTT operating systems at impasse with Peacock and HBO Max, Google finally has its opening into the living room, LightShed Partners says.
Comcast’s new streaming service launches next week and has yet to announce a deal with the two most popular streaming platforms. Matt Strauss, chairman of Peacock and NBCUniversal’s Digital Enterprises, says that’s fine. “It’s not a sprint, it’s a marathon for us.”
Roku’s fortunes have brightened considerably since the COVID-19 pandemic halted production in Hollywood and confined people to their homes.
The set-top box maker saw streaming hours rise 80% year-over-year. Active accounts grew by 38 percent to 39.8 million since the same period last year.
Roku has revamped its ad platform on its quest to dominate the over-the-top advertising ecosystem. The company has rolled Dataxu into a new ad platform, OneView, that it says will let advertisers plan, buy and measure campaigns across digital devices in four out of five U.S. homes—including non-Roku households.
Connected-TV giant Roku is betting big on ad-supported streaming. With millions of people suddenly sequestered at home, it may be just the right time. Streaming hours are up. Viewers spent about 40% more time streaming both ad-supported and subscription TV March 16 through 22, compared with the previous week, according to data from Vizio Inc. Matthew Anderson, the company’s chief marketing officer, explains its strategy and talks about how viewing habits have changed during the coronavirus crisis.
Roku has vehemently denied an anonymously sourced Digiday report that it is meeting with media companies to discuss making original shows. “We are not working on originals,” a Roku rep told Next TV in an email exchange.
Roku beat Wall Street estimates for the fourth quarter, hitting new highs in active accounts and revenue per user, though an acquisition in the period created a loss of 13 cents per share. Total revenue hit $411.2 million, well ahead of the consensus estimate of $391.6 million and up 49% over the same quarter in 2018. The loss of 13 cents compared with earnings of 5 cents a share a year earlier.
Shares of Roku tumbled 7% on Friday after the streaming video company told customers it was removing Fox channels from its platform ahead of Sunday’s Super Bowl broadcast.
A brewing dispute between Roku and Fox days before the Super Bowl might prove that streamers won’t be able to avoid some of the headaches that are driving them from cable. Roku said its distribution agreement with Fox Corp. is set to expire on tonight (Jan. 31), which would make programming on Fox channels unavailable on the Roku platform.
A year ago at CES, TiVo demonstrated how popular OTT devices, such as Roku and Apple TV, could let users enjoy access the content on the TiVo DVR in their living room from other rooms in the house, or out of the home. But this week at CES 2020, Ted Malone, VP of products and services for TiVo, conceded that apps for OTT players are nowhere close to being deployed.
AT&T told customers Thursday that the AT&T TV app is no longer available on Roku devices, effectively ending app support for virtual MVPD AT&T Now on the top OTT device ecosystem.
Roku’s stock was hammered on Monday, after Morgan Stanley put out a note to clients warning its share price is overvalued following a remarkable run this year.
Roku, the big OTT platform, has inked an agreement to buy demand-side platform dataxu for $150 million in cash and stock. The move is intended to boost Roku — which has more than 30.5 million active accounts as of June — as a full-service platform to better compete with other major OTT platforms, including Amazon Fire TV, which has its own DSP.
Smart TV maker Roku saw its shares plummet close to 20% on Friday — the latest in a series of double-digit stock tumbles as the video streaming war heats up. Friday’s plunge — Roku’s third double-digit stock drop in just two weeks — were triggered by a Wall Street research report that questioned Roku’s ability to make money in light of deep-pocketed rivals, like Apple, entering the fray.
In six years, Roku, the fast-growing streaming TV player/platform company, will total 80 million subscribers, according to one media analyst. Ralph Schackart, analyst at William Blair, says by 2025, Roku will also get to $4.5 billion in annual revenue, 90% of which will come from its U.S. business. Roku’s growth is trending faster than Netflix’s at this point.
FuboTV has expanded distribution of its new 24-hour sports network to Roku Channel. Roku said that it now has 30.5 million regular users of its OTT ecosystem, with many of them regularly tapping into the ad-supported Roku Channel.
Roku stock saw another big rise, due to a strong analyst upgrade of its free, advertising-based TV business. Laura Martin, media analyst/managing director at Needham & Co., says the big streaming OTT platform works in sharp contrast to Netflix, which has more competition from major players.
Assisted by the momentum it’s seeing with TV makers integrating its operating system, Roku’s streaming platform has held onto its already solid lead in the US over rivals such as Amazon (Fire TV), Apple (tvOS) and Google’s Android TV through the early parts of 2019, according to Strategy Analytics.
Roku said on Wednesday it will begin offering premium video channels to customers for a subscription fee as it expands its free streaming video service. Premium channels from CBS Corp.’s Showtime, Lionsgate-owned Starz and Noggin from Viacom, among others, will be available to viewers of the Roku Channel, a free video service offered to owners of Roku streaming video devices.
They’re too busy selling phones and shoes to do TV right, CEO Anthony Wood says. And in his view, Roku’s technology is superior. Plus, Apple et al. are trying to meet larger strategic goals with TV streaming devices, using them as a trojan horse to get consumers hooked on iOS (or Android, or the Alexa platform).
Roku shares sank 4.9% on Wednesday on a report that rival Amazon is launching a competing video service that’s free. The Seattle-based Web giant is developing a free, advertising-supported for the 48 million people who use its Fire TV streaming video devices.