Roku stock falls after report says it's losing Fox apps ahead of the Super Bowl

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Shares of Roku Inc. are off 4% in Friday morning trading after a Verge report discussed a carriage dispute between Fox Sports and the streaming company, which could mean Roku would pull Fox apps off its platform just before the Super Bowl. The Verge report quotes a statement from Roku saying that the company "offered Fox an extension" but would be "forced to remove the channels" if the companies don't strike an agreement. The stories also quotes a statement from Fox saying that Roku's response is a "poorly timed negotiating ploy, fabricating a crisis with no thought for the alarm it generated among its own customers." Roku didn't immediately respond to MarketWatch's request for comment. Shares of Sinclair Broadcast Group Inc. , which purchased Fox Sports from Walt Disney Co. last year, are down 2%.

Source: News Formal (newsformal.com)

 

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