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


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#1 OFFLINE   Athlon646464

Athlon646464

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Posted 31 May 2013 - 05:33 AM

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


1 HR34-700, 1 C31-700, 1 HR24-500
Original install on April 20, 2008 - HR34 & C31 installed on August 24, 2013 - HR24 installed on July 23, 2010

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