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Roku, Inc. (/ ˈ r oʊ k uː / ROH-koo) [4] is an American technology company. [5] [6] Founded in 2002 by Anthony Wood, it produces Roku-branded streaming players and TVs, distributes streaming services and operates an ad business on its platform. Roku is the U.S. market leader in streaming video distribution, [7] [8] [9] reaching 145 million ...
Roku was founded by Anthony Wood in 2002; he had previously founded ReplayTV, a DVR company that competed with TiVo. [4] After ReplayTV's failure, Wood worked for a while at Netflix. In 2007, Wood's company began working with Netflix on Project:Griffin, a set-top box to allow Netflix users to stream Netflix content to their TVs. [4]
Roku's former parent company started with domestic and Canadian streaming services, followed by a broad expansion across South America and a couple of key territories in western Europe.
In 2002, Wood founded Roku, Inc., his sixth startup, to market home digital devices. "Roku" means “six” in Japanese. [13] In 2007 Netflix, Inc. employed Wood as the vice president of Netflix's "Internet TV", directly under Reed Hastings. [15] Wood continued to be the CEO of Roku in this period. [2]
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1999: America Online has over 18 million subscribers and is now the biggest internet provider in the country, with higher-than-expected earnings. It acquires MapQuest for $1.1 billion in December.
The Roku Channel was launched in September 2017 as a free, ad-supported streaming television service ("FAST"), [1] [13] available to viewers in the U.S. [14] Roku's CEO Anthony Wood stated in the same month that the channel was a "way for content owners to publish their content on Roku without writing an app". [15]
Quibi was founded in August 2018 as NewTV by Jeffrey Katzenberg and was led by Meg Whitman as CEO. [10] In October 2018, NewTV was renamed Quibi. [11] [12] The service targeted a younger demographic, with content delivered in 10-minute episodes called "quick bites" (with the name Quibi derived from "QUI-ck BI-tes").