Roku May Lack ‘Oxygen’ to ‘Flourish Over Time,’ Says Nathanson
MoffettNathanson is “very optimistic about future industry growth” in ad-supported VOD but sees “too many long-term risks” at Roku to "enthusiastically recommend" the stock, said senior analyst Michael Nathanson Monday. Roku has built a “strong gatekeeper position” among streaming media…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
devices, he said. That’s creating a “near-term opportunity” for Roku to “extract significant value” from over-the-top companies “seeking their shelf space to grow,” he said. “Roku’s current negotiating position is that streaming services need to be on their platform to be relevant.” But some new services like Peacock are shunning Roku, “a small company in a marketplace packed with the world’s largest tech and media players,” he said. They may “not be willing” to grant Roku the “oxygen” it needs to “flourish over time,” he said.