Free press releases distribution network?

Agency / Source: Hearst Communications, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Roku Receives 60 Million Investment from a Leading Institutional Investor, BSkyB, Hearst Corporation and News Corporation - Strategic Relationships Position Roku for Accelerated Growth in Streaming Software and Services - Roku.com / Hearst.com
Roku Receives 60 Million Investment from a Leading Institutional Investor, BSkyB, Hearst Corporation and News Corporation

 

PRZOOM - /newswire/ - Saratoga, CA, United States, 2013/05/29 - Strategic Relationships Position Roku for Accelerated Growth in Streaming Software and Services - Roku.com / Hearst.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Books/Publishing/Newspapers Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Roku® Inc. today announced that it has received a $60 million investment that readies the company for growth around its streaming software and services businesses. Led by one of the world’s largest institutional investors, the investment includes participation from large global media and television distribution companies. Two new Roku investors participated in the Series F round the institutional investor and Hearst Corporation which is known for its diversified media and information assets. They join prior Roku investors, including British Sky Broadcasting (BSkyB) and News Corporation in the Series F round.

The new investment will fuel Roku’s growth which has accelerated in the last year. Best known for its lineup of popular streaming players, including the new Roku 3 which has quickly become the new streaming standard in the U.S., the company is extending its streaming platform by working with other consumer electronics brands. Today, Roku is working with two dozen OEMs who are making more than 3.5 million Roku Ready® devices, predominantly TVs that will be in retail by the end of the year. Roku Ready devices access the Roku streaming platform through the Roku Streaming Stick™, a small USB-sized device sold by Roku. In the coming months, Roku will continue to expand access points to its streaming platform.

“Roku has built a strong brand that is widely recognized for great technology and a broad selection of high-quality content,” said Ken Bronfin, senior managing director at Hearst Ventures, a unit of Hearst Corporation. “We are truly impressed that Roku has built such a unique position in the market and we look forward to working with them to develop innovative products and services for our television audiences.”

As well as expanding distribution for its platform, Roku continues to provide the largest and best collection of streaming entertainment made for the TV experience. In 2012 Roku streamed more than one billion hours of video and music. Whether it’s the game of the season, an Oscar-winning movie, a favorite TV show, the hottest single or a few minutes of casual game play, Roku provides more entertainment choices and a better TV-quality experience than any other streaming device.

“Roku has a significant portfolio of investment and strategic partners with very successful global businesses. Their recognition of our brand success and belief in the Roku platform is a tremendous endorsement of our potential to shape the future television experience,” said Roku Founder and Chief Executive Officer Anthony Wood. “BSkyB and News Corporation are exceptional partners and we look forward to deepening our relationship with Hearst in the months to come.”

About Hearst Corporation
Hearst Corporation (hearst.com) is one of the nation’s largest diversified media and information companies. Its major interests include ownership of 15 daily and 36 weekly newspapers, including the Houston Chronicle, San Francisco Chronicle, San Antonio Express-News and Albany Times Union; hundreds of magazines around the world, including Good Housekeeping, Cosmopolitan, ELLE and O, The Oprah Magazine; 29 television stations, which reach a combined 18 percent of U.S. viewers; ownership in leading cable networks, including Lifetime, A&E, HISTORY and ESPN; significant holdings in automotive, electronic and medical/pharmaceutical business information companies; a 50 percent stake in global ratings agency Fitch Group; Internet and marketing services businesses; television production; newspaper features distribution; and real estate. Follow us on Twitter [.]HearstCorp.

About Roku, Inc.
Roku (roku.com) is the creator of the most popular streaming software platform for delivering video, music and casual games to the TV. Roku launched the first device to stream Netflix to the TV in 2008, and since then has sold more than 5 million Roku streaming players in the U.S. Roku players are also available in Canada, the U.K. and the Republic of Ireland. In addition, Roku works with OEMs who create Roku Ready™ devices which access the Roku streaming platform. Roku Ready devices can be purchased from major retailers in the U.S. Roku was founded by Anthony Wood, inventor of the DVR. The company is privately held and headquartered in Saratoga, Calif.

Roku and Roku Ready are registered trademarks and Roku Streaming Stick is a trademark of Roku, Inc. in the U.S. and in other countries.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Books/Publishing/Newspapers Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Hearst Communications, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Books/Publishing/Newspapers articles,
CATCH Visitors via Your Competitors Announcements!


Roku Receives 60 Million Investment from a Leading Institutional Investor, BSkyB, Hearst Corporation and News Corporation

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Hearst Communications Inc | Roku, Inc.
Contact: Press Office - Hearst.com 
212-649-2577 press[.]hearst.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Hearst Communications, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Books/Publishing/Newspapers via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Hearst Communications, Inc. / Company Profile


Read Books/Publishing/Newspapers Most Recent Related Press Releases:

Hearst Agrees to Acquire CAMP Systems International, Inc. - A Leading Aviation Software-as-a-Service Company
Wiley Celebrates the 2016 Nobel Prize Laureates
American Institute of Ultrasound in Medicine Selects Wiley to Publish the Journal of Ultrasound in Medicine
S&P Global Platts to Launch Fujairah Oil Products Price Assessments
Ranku Acquired by Wiley
S&P Global Platts Launches Formal Consultation on Shift to Asia ULSD Benchmarks
Wiley Signs Definitive Agreement to Acquire Atypon
American Geophysical Union Partners with Wiley to Take on New Geohealth Initiative
Wiley to Publish Molecular Oncology Bringing together All Four Journals from the Federation of European Biochemical Societies At FEBS Press
S&P Global Platts Acquires PIRA Energy Group

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com

Visit  NAKIVO, Inc.







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today