Roku, Getting Access to Apple TV and OTT App, See Stock Rise
The free Apple TV app is available on the Roku platform, and Roku users will be able to subscribe to the premium Apple Plus service through the platform when it launches Nov. 1, said Roku Tuesday. Roku shares closed up…
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12 percent at $132.82. Last month, the streaming service provider's shares plummeted 19 percent after an analyst (see 1909200064) predicted increasing competition would drive prices for over-the-top video devices such as Roku’s streaming stick “to zero,” while squeezing ad revenue. Pivotal Research Group's Jeffrey Wlodarczak says Comcast's providing its Xfinity Flex OTT device to customers for free is likely to be followed by other MVPDs.