Roku Said To IPO In 2014

Roku is said to Be Weighing Initial Public Offering in U.S. in 2014. According to Bloomberg, the company is weighing an initial public offering in the U.S. this year, according to people with knowledge of the matter. – Roku® Inc. announced Roku TV™ earlier this year, a new generation of Smart TVs designed to give consumers a simple entertainment experience in a complex connected world. The company plans to license the new reference design platform and software stack to manufacturers to build and distribute Roku TV models.

“Consumers will enjoy the ease and satisfaction of Roku TV while manufacturers leverage our design specifications, content relationships and software expertise. At the same time the content community will gain additional distribution and revenues through an already popular and trusted streaming platform – now in the TV,” said Roku Chief Executive Officer Anthony Wood. “I’m very excited about our partnerships with TV manufacturers and the first Roku TV models planned for release this fall from TCL and Hisense.”

The company added Android apps last year. Roku updated the latest version of its Android app which is available at Google Play. Users can stream the videos that came from their Android device, to the Roku player with the Play On Roku feature. Video playback is presently supported on select devices, including the Samsung Galaxy SIII, Samsung Galaxy S4, HTC One, Nexus 4, and Nexus 7 (2012 edition), and requires Android 4.0 or later.

About Roku, Inc.

Roku is the creator of the most popular streaming software platform for delivering video, music and casual games to the TV. The Roku platform features the largest and best collection of entertainment available for streaming and is accessible on Roku streaming players, Roku Ready® devices via the Roku Streaming Stick™, and later this year on Roku TVs. Roku products vary by region and are sold in the U.S., Canada, the U.K. and the Republic of Ireland. Roku was founded by Anthony Wood, inventor of the DVR.