Roku puts offices up for lease as streamer looks to cut costs
Roku is cutting down on some of its office space in the San Francisco Bay Area as part of a broader strategy to trim down on expenses.
Roku ($ROKU) is a developer of smart television operating systems and a manufacturer of streaming television devices. It also operates a free, ad-supported streaming service called the Roku Channel. The company is based in Northern California.
Roku is cutting down on some of its office space in the San Francisco Bay Area as part of a broader strategy to trim down on expenses.
The consumer publication Wirecutter says it will stop recommending Wyze surveillance cameras over a recent security incident.
Representatives of the broadcast, cable television and streaming industries agreed current regulations are broken, but had different opinions on how lawmakers should fix them.
Roku and the NFL have teamed up on a new streaming TV portal that aims to give football fans access to live games and related content.
Roku has removed more than three dozen titles from its Roku Channel free streaming service as part of a broad cost-cutting move.
Roku says it will lay off another 300 employees as it seeks to reign in costs amid a softening market for streaming hardware makers.
The Roku Channel is now serving up a handful of free, ad-supported streaming content channels from NBC Universal.
The Roku Channel added dozens of CBS- and Fox-owned local news streams to its ad-supported platform this week.
Paramount is open to partnerships that will see its flagship streamer Paramount Plus bundled with other services, executives said on Monday.
Roku earned $847 million in net revenue during Q2, including $744 million in revenue from its platform business.