Shares of Roku Inc. were up 3% in after-hours trading Thursday after the company showed that it continues to benefit from the shift of advertising dollars away from traditional television.
Named Direct, the linear channel — which is only available to subscribers — will air French, international and U.S. feature films and TV series that are available on the streaming service.
The non-sports package, whose 30 channels include Discovery, Food Network, Comedy Central, and AMC, costs just $10 per month, while the other bundle starts at $40 per month. But apparently, Discovery CEO David Zaslav isn’t too pleased with this arrangement.
TiVo’s new Deep Discovery tool for video service providers, electronics manufacturers and media companies digs deeper into metadata to improve search and recommendations.
Lionsgate revenue dipped to $745 million last quarter, down 20% from $938 million the year earlier, as OTT subscribers jumped and the shares headed higher in late trading.