roku

roku

With Netflix racing to launch ads on its streaming service, a new report suggests that the company could get some help by acquiring a leader in video advertising: Roku.

Employees at Roku are abuzz with talk that the streaming hardware firm could be bought by Netflix, Insider reported on Wednesday. The chatter reportedly heated up after Roku shut down its trading window for employees and barred them from selling their vested stock—a move that companies typically make before releasing information that will affect their stock price.

Representatives for Netflix and Roku declined to comment on the report to dot.LA.

Read more Show less

On this episode of the L.A. Venture podcast, sit down with Daniel Leff, the founder and managing partner of Luminari Capital, as well as the co-founder and managing partner of his latest fund, Waverley Capital.

Read more Show less
Image courtesy of Quibi

A slew of Quibi shows has found new life in Roku.

Roku will acquire the library of the short-lived Hollywood company founded by Jeffrey Katzenberg and has said it will stream its content with ads for free on its Roku Channel. Terms of the deal were not disclosed, although it has been widely reported that the final number came in below $100 million – a far cry from the $1.75 billion that Quibi raised.

Read more Show less
Trending