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Roku’s Decline: Wall Street Sees Rocky Road Ahead

Roku has been particularly impacted by an advertising slowdown, which also has hurt other ad-reliant companies such as Snap and Meta. The downturn hurt Roku’s second-quarter revenue and caused the company to pull its full-year guidance because of the uncertain economic environment. To make up for its pressured margins, the Anthony Wood-led Roku said July 28 […]

Paramount+ to Join Roku’s Premium Subscription Offering This Month

Paramount+ will join Roku’s lineup of premium, add-on subscriptions later this month, allowing subscribers to access all of the streamer’s content and live programming within The Roku Channel. As part of Paramount+’s presence on The Roku Channel, Roku has also developed a TV guide for the streamer’s live programming, which includes major NFL games on […]

Roku Claims $1B In Upfronts Ads, Eyes Changes to Content Spend Amid Downturn

Roku is the latest company to report a negative impact on revenue this quarter due to a slowdown in ad spending. The company missed second-quarter revenue expectations, reporting revenue of $764 million, compared to its estimate of $805 million. Active accounts grew by 1.8 million to reach 63.1 million this quarter, adding more accounts than […]

Roku Stock Jumps After Unveiling Walmart E-Commerce Partnership

Roku is jumping into the e-commerce space with Walmart. On Thursday, shares in Roku jumped after company unveiled a partnership with Walmart to make TV streaming the next frontier in online shopping by closely tieing entertainment to an e-commerce store.  Going beyond the QR code, TV viewers will be able to use their remote device […]

Streaming TV’s Next Battlefront: Free Services Seize Their Moment

Could Netflix’s pain be someone else’s gain? A number of entertainment companies are counting on exactly that. As consumers grapple with higher subscription costs, and with more subscription video offerings than ever, those companies in the free, ad-supported streaming space (usually referred to as FAST, in industry jargon) think their time is now. In fact, […]

Roku, Apollo Among Bidders for Starz Stake as Lionsgate Mulls Options

Roku and Apollo Global Management have put in a bid for a minority stake in the Lionsgate-owned cable and streaming service Starz. Apollo and Roku are understood to be among multiple undisclosed bidders at this time, a source confirms to The Hollywood Reporter. The joint bid between Roku and the private equity firm was first reported […]

Daniel Radcliffe Transforms Into “Weird Al” Yankovic in First Trailer for Roku Biopic

Daniel Radcliffe, wig and all, is set to shred on the accordion as “Weird Al” Yankovic in the upcoming biopic, Weird: The Al Yankovic Story.  Roku closed out its NewFronts presentation Tuesday at the Chelsea Factory in New York City with the first trailer for the biopic. It was introduced via video by Yankovic, who is currently […]

Roku to Develop Original Series With Martha Stewart, Emeril Lagasse

Roku has signed co-production deals to develop seven new culinary and lifestyle original series for its Roku Channel.  The series, developed in partnership with Marquee Brands and Milk Street Studios, will feature Martha Stewart, Emeril Lagasse and Christopher Kimball. As part of the partnership, the Roku Channel will also acquire past seasons of series starring […]

A “Roku Killer” or Something Less Ambitious? Behind Comcast and Charter’s Streaming Bet

When cable giants Comcast and Charter Communications unveiled a joint venture that aims “to develop and offer a next-generation streaming platform on a variety of branded 4K streaming devices and smart TVs” on April 27, the deal attracted attention across Wall Street and beyond. The goal is to build on Comcast’s Flex streaming product to […]

Roku’s Active User Growth Slows as It Warns of Disruptions Ahead

Roku added 1.1 million active users in the first quarter of 2022, slightly increasing its total active user count to 61.3 million. The company said its year-over-year active user growth of 14 percent was “moderated” due to the end of government stimulus payments, which it said helped drive spending in the first quarter of 2021. […]

Lionsgate, Roku Channel Ink Movie Output Deal

Lionsgate has signed a film output deal with The Roku Channel that will see Keanu Reeves’ upcoming John Wick: Chapter Four headed to the streaming platform. The multiyear agreement will initially see the studio’s 2022 theatrical releases receive two separate windows for each film. The first will provide Roku with exclusive rights to Lionsgate’s film […]

Roku Bolsters Unscripted Slate With Trio of Dating Shows (Exclusive)

The Roku Channel is ready to spread the love. The platform has greenlit three new unscripted projects — To Paris for Love: A Reality ‘Rom Com’; The Marriage Pact and Match Me in Miami — as the service continues to ramp up its original offerings. “Our latest Roku Original productions, To Paris for Love: A […]