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Roku takes $60 million in funding, wants to be the front end for your TV

Discussion in 'News' started by Athlon646464, May 31, 2013.

  1. Athlon646464

    Athlon646464 News Hound DBSTalk Gold Club

    Feb 23, 2007
    Uxbridge, MA
    Roku takes $60 million in funding, wants to be the front end for your TV

    Despite its image as an underdog, Roku knows how to court some heavy hitters in the TV business: on top of a total $80 million in previous investments, it just received a $60 million boost this week. The new funding round has BSkyB and News Corp returning with checkbooks in hand, but it also includes a fresh contribution from Hearst, which wants Roku's help in building services for its TV channels. The media hub maker is getting more than partnerships in return, however. It's using the cash to expand its Roku Ready program, which now includes 24 hardware partners.

    Full Story Link & Discussion Here

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