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Janko Roettgers / Variety:
Roku beats estimates in Q2 with revenue of $156.8M, up from $99.6M in Q2 2017, and net loss of $100K, as platform revenues grow 96% YoY to $90.3M; stock up 15%+   —  Ad-supported streaming continues to lift Roku's results: The company solidly beat market expectations with its Q2 2018 earnings …
Aug 8, 2018, 5:30 PMIn context
Janko Roettgers / Variety:
The Facebook stock drop foreshadows a potentially less profitable future as it relies more on video formats like Stories with a lighter ad load than News Feed   —  These days, everything seems to be going wrong for Facebook.  The social networking giant is still reeling from the aftermath of the Cambridge Analytica privacy scandal.
Jul 27, 2018, 12:35 AMIn context
Janko Roettgers / Variety:
BitTorrent confirms it has been acquired by blockchain startup Tron; filings suggest about $126M in cash was paid for the company   —  File sharing veteran BitTorrent has finally confirmed that it has a new owner: “We are excited to announce that Tron has officially closed its acquisition of BitTorrent …
Jul 24, 2018, 3:30 PMIn context
Janko Roettgers / Variety:
The Oculus TV app, which displays content in a virtual home theater, debuts for Oculus Go but seems half-baked, with no universal search and clunky navigation   —  Facebook released a new app for its Oculus Go virtual reality (VR) headset Monday: Oculus TV is meant to be a one-stop-shop for watching streaming video content in VR.
Jun 25, 2018, 1:30 PMIn context
Janko Roettgers / Variety:
AT&T unveils 31 TV networks offered in its WatchTV streaming service, which is launching next week for $15/month and is also included in two wireless plans   —  AT&T announced the launch of its new internet service Watch TV Thursday, revealing both the TV networks included in the service …
Jun 21, 2018, 8:55 AMIn context
Janko Roettgers / Variety:
Sources: Roku plans to launch a video subscription marketplace to allow customers to sign up for and watch subscription services without separate apps   —  Roku plans to launch a marketplace for video subscription services in the coming months, which will allow consumers to sign …
Jun 18, 2018, 2:45 PMIn context
Janko Roettgers / Variety:
Source: P2P file-sharing company BitTorrent has been sold to Justin Sun, a blockchain entrepreneur best known for the Tron platform and its TRX cryptocurrency   —  File-sharing pioneer BitTorrent Inc. has been sold to Justin Sun, a blockchain entrepreneur best known for the Tron platform and its TRX cryptocurrency.
Jun 18, 2018, 2:50 AMIn context
Janko Roettgers / Variety:
Sonos Introduces Beam, A Compact $399 Soundbar With Integrated Voice Control   —  Smart speaker maker Sonos unveiled a new living room audio product dubbed the Sonos Beam at a press event in San Francisco Wednesday.  The Beam can best be described as a compact soundbar with integrated far-field microphones for voice control.
Jun 6, 2018, 12:50 PMIn context
Janko Roettgers / Variety:
Spotify registers with the FCC, a prerequisite to making hardware with wireless capabilities   —  Spotify really does want to make its own hardware: The company registered with the FCC Tuesday, a key prerequisite to getting devices approved for use in the U.S. Previous reports pointed to plans …
Jun 5, 2018, 1:50 PMIn context
Janko Roettgers / Variety:
Vevo is shuttering its Android, iOS, and Windows Mobile apps and website to refocus on YouTube following resignation of several execs and significant layoffs   —  Major-label owned Vevo is giving up on plans to build its own music video platform outside of YouTube's control …
May 24, 2018, 11:10 AMIn context

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