Terms of the agreement were not disclosed, but the new deal means the Amazon Prime Video app and IMDB TV content will remain available in Roku’s Channel Store. “Roku and Amazon have reached a multi-year extension for their distribution agreement. Customers can continue to access the Prime Video and IMDb TV apps on their Roku devices,” Roku said in a statement.
That news sent shares in Roku up $6.39, or 5 percent, to $132.11 in mid-morning trading on the NASDAQ Exchange. The new deal with Amazon comes asvideo consumption is on the rise worldwide and Roku is looking to making continued smart TV share gains. The bump in the share price also follows stock in Roku getting caught up in an overall NASDAQ market downdraft for tech stocks starting in late 2021. While Roku’s core physical product is streaming boxes and streaming sticks, in recent years it has shifted its focus to be on its streaming video platform, which powers those devices as well as a number of smart TV brands.by advertising, and has been the company’s primary growth engine over the past few years.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon and Roku extend their streaming deal without any extra dramaThis time, Roku isn’t losing any apps due to negotiations. A first in Roku's history
Source: verge - 🏆 94. / 67 Read more »
Amazon Union Slams Any Attempt to 'Delay Our Hard-Won Right to Bargain Collectively''The workers of JFK8 have made clear their desire and intention to engage in collective bargaining,' said amazonlabor. amazonlabor Boycott Amazon!
Source: commondreams - 🏆 530. / 51 Read more »
Amazon Makes One of the Best RPGs of All Time FreeAmazon has made one of the best RPGs of all time free. As usual, the free download requires an [...]
Source: ComicBook - 🏆 65. / 68 Read more »
Amazon workers in NYC vote to unionize, a first for the companyWarehouse workers cast 2,654 votes in favor of a union, giving the fledgling Amazon Labor Union enough support to pull off a victory. It’s good and bad. Good: they can negotiate with Amazon. More benefits. Bad: cant fired bad workers. Wage increase based on contract. It can take forever. By that time every body else already by passed you. Union dues. And any other dues, they’ll take it from your pay check.
Source: ABC7NY - 🏆 592. / 51 Read more »
Security Camera Catches Porch Thief In The Act Of Stealing Amazon Delivery DriverThe Onion brings you all of the latest news, stories, photos, videos and more from America's finest news source. Based Plot twist:He's paid by Amazon to make the delivery guy disappear for calling to unionize. Lmao
Source: TheOnion - 🏆 724. / 51 Read more »
Amazon workers in New York City vote to unionize, 1st successful effort in retail giant's historySmalls hopes the success in New York will embolden warehouse workers at other facilities to launch their own organizing campaigns.
Source: abc13houston - 🏆 255. / 63 Read more »