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Tag: Roku TV

  • Roku reports strong growth in 2024, surpassing $4bn revenue

    Roku reports strong growth in 2024, surpassing $4bn revenue

    MUMBAI: Streaming platform specialist Roku has announced robust financial results for 2024, with total net revenue reaching $4.1 billion (£3.2bn), marking an 18 per cent year-over-year increase. Platform revenue grew to $3.5 billion, up 18 per cent year-over-year, or 15 per cent excluding political advertising spend. Gross profit rose 19 per cent to $1.8 billion.

    The company reported significant growth in its user base, with streaming households reaching 89.8 million, representing a net increase of 9.8 million from 2023. Streaming hours climbed by 21.1 billion to 127.1 billion hours, whilst average revenue per user reached $41.49 on a trailing 12-month basis, up 4 per cent.

    In a letter to shareholders, Roku highlighted its fourth quarter achievement of surpassing $1 billion in platform revenue, a 25 per cent year-over-year increase. The company noted that its US market penetration has exceeded half of all broadband households.

    Device Business Performance:  The company maintained its position as the leading TV operating system in the US, Canada and Mexico. Device revenue rose 20 per cent to $590.1 million in 2024, with fourth-quarter revenue of $165.7 million, up 7 per cent. However, increased seasonal discounts affected fourth-quarter device gross margins, which stood at negative 29 per cent.

    Content Platform Growth:  The Roku Channel, the company’s content platform, reached approximately 145 million people in US households during the fourth quarter, maintaining its position as the third most popular app on the platform. Streaming hours on the channel increased by 82 per cent year-over-year, with more than 80 per cent of streaming hours originating from the Roku Experience in December.

    Future Outlook:  For the first quarter of 2025, Roku forecasts total net revenue of $1.005 billion, a 14 per cent increase year-over-year. The company projects platform revenue growth of 16 per cent, whilst device revenue is expected to remain flat due to elevated inventory levels following the holiday period.

    For the full year 2025, Roku anticipates total net revenue of $4.61 billion, with platform revenue reaching $3.95 billion, representing 12 per cent growth. The company expects to achieve positive operating income by 2026.
    The company will discontinue quarterly reporting of streaming households and average revenue per user metrics from the first quarter of 2025.

  • Movie Studio Inc acquires BINGE Networks

    Movie Studio Inc acquires BINGE Networks

    MUMBAI: The Movie Studio Inc., a vertically integrated motion picture production company, has executed a memorandum of understanding to acquire BINGE Networks, LLC. Both parties are conducting due diligence and in the near future seek to complete their transaction and enter into a Letter of Intent (LOI).

    BINGE Networks is an award-winning streaming media platform, recipient of the Most Innovative Media Content Monetizing & Streaming Platform CV-Magazine-USA 2019 and New York 2019 Award Programing. The BINGE App is built into over 100 smart TV networks, providing the ability to globally and instantly syndicate and monetise content through key strategic partnerships throughout the streaming media industry. The company offers five core revenue streams: streaming packages, subscription video on demand (SVOD), advertiser video on demand (AVOD), transactional video on demand (TVOD) and platform syndication.

    BINGE Networks’ operations and assets are synergistic to The Movie Studio’s growth-by-acquisition business model, in which the company aims to secure a leading market position based on ad streaming measurements and big data analytic trends vying for uptick viewership.

    With the fast-growing OTT industry projecting revenues of US $78.2 billion by 2023, BINGE Networks has the potential to help The Movie Studio achieve its goal, leveraging the company’s ability to provide streamers a competitive edge by offering a single hub that enables multiple ways for content creators to earn revenues and establish relationships with many different networks.

    BINGE Networks distributes entertainment content for AVOD digital delivery on over 100 OTT platforms. Major revenue distribution partners are Roku TV, Tiki Live, Video Elephant, Glewd TV, Daily Motion, Endavo, Apple TV, Google Play Store, Amazon Fire and Android App Store, among others.

    The company’s streaming media platforms are Roku, Apple and Amazon apps, which are combined with strategic partners to bring BINGE TV content to over 100 smart TV networks. Its content library contains approximately 15,000 videos and 300 indie films and powers 46 apps on Roku and 77 on Amazon Fire. New ones are added almost daily on Amazon Fire and 125 live channels that comprise the video library.

    Using a defined marketing strategy, The Movie Studio intends to vertically integrate the assets and infrastructure of BINGE Networks with the Company’s current OTT and app for dissemination of The Movie Studio content and cross-pollination of the advertisers and strategic partners.

    The Movie Studio is establishing its own OTT VOD platform to integrate its own, as well as aggregated, feature film projects, television programming
    and other media intellectual properties.

    Ongoing streaming wars are allowing small competitors like The Movie Studio to capitalize on creatively designed digital business models. The company actively implements a “growth-by-acquisition” strategy that calls for significant purchases, resolution upgrades and remonetizing initiatives. 

  • 1000 hours of original content a year is our target: Hoichoi’s Vishnu Mohta

    1000 hours of original content a year is our target: Hoichoi’s Vishnu Mohta

    The Bengali content market may not be spoken of much, but it is not without its share of audience. There are 258 million Bengali speaking people around the world, and this is the target for the latest kid on the block. Hoichoi, a Bengali OTT platform was launched on 20 September 2017 by Shree Venkatesh Films, a Kolkata-based media company.

    Hoichoi means positive activities happening around you. The ad-free platform has already launched seven original web series and three more are lined up for this month. Co-founder Vishnu Mohta, who has been with SVF since a decade, speaks to Indiantelevision.com’s Kirti Chauhan about the growth and future plans of the platform.

    What was the thought behind launching a Bengali OTT platform?

    We wanted to give our customers high-quality Bengali entertainment and the market was ready for it. Currently, India is equipped with all the ingredients to make content available over the internet with a ready to serve system, availability of bandwidth, cheap data, digital payment friendly generation and a smartphone handy generation. It was the right time to provide content for people to consume on their smart phones and set top boxes, which include internet, connected devices like – Apple TV, Roku TV, Amazon Fire TV, etc.

    Where all are the Bengali audiences located?

    India and Bangladesh contribute the largest Bengali community. In India, the Bengali speaking community is around 90 million, wherein, Bangladesh has a population of around 160-170 million Bengali expats and rest of the world has a Bengali diaspora between 5-8 million.

    Currently, 30-40 per cent of Indian population has access to the internet. However, in the coming five years, the number will double, which will include the crowd of tier II and III cities. This new internet user will prefer to consume content in his vernacular language. 75 per cent of the new internet users will come from rural India, of which 75 per cent want to consume content in their local language.

    What would make a person pick Hoichoi over others?

    Our experience of over 20 years has enabled us to understand the needs of the Bengali people, which will be visible through our original content. Apart from this, we have the largest collection of the best in Bengali entertainment that is not available on any other platform. We are offering 360 degree entertainment – movies, original shows and in the future, it will be music streaming. We have started with over 500 movies, 1000 songs and 10 original shows in Bengali language.

    What type of content does the Bengali community like to watch?

    They are an evolved audience. They like to watch mystery shows and films, horror movies, mass films, documentaries and much more. They have an ability to absorb different genres of content.

    What are the new shows in pipeline?

    We are coming up with a stand up comedy show called ‘Stand up’, then another show is ‘Bhutu Re’ which is an investigative story around a haunted house and the third one is ‘Bouma Detective’ where a housewife will be playing the role of a detective. We have 4 shows for November and December too.

    You have kept different subscription charges for Indian and global audiences. Will the same pricing be applied in Bangladesh, which economically weaker than India?

    Our subscription charges for Indian audiences are Rs 399 for 12 months, Rs 249 for six months and Rs 149 for three months. Internationally we have kept the charges around $8.99 per month and $79.99 per year. The international audience is ready to pay for content since they are already in the habit. We haven’t come up with subscription charges for Bangladeshi audiences yet but it won’t be very different from India.

    Will there be any content specifically catering to Bengali audience of Bangladesh?

    We are in process of buying and creating content for Bangladeshi audience. We are creating 2 feature films in Bangladesh, likely to release next year.

    Why did you choose ViewLift for technology over Brightcove, Kaltura or Diagonal Technologies?

    We wanted to work with an experienced company that is aware of current technological demands of the Indian market, since we are new to digital. ViewLift is specifically working on this technology from the past 10 years and has already launched similar platforms worldwide. We are the first Indian company to have worked with ViewLift. Other technology providers like Brightcove, Kaltura and Diagonal are best in content management system. They are a platform itself and you can build on top of it but can’t provide an end-to-end customisation.

    Why you did not choose in-house technology option?

    It would have been a time-consuming experience for us if we had taken the in-house technology option. There was a possibility of making mistakes in the beginning while dealing with the learning of new technology. We did not want to make any mistake in the beginning and so decided to take an expert as our technology partner for best results.

    What is the average time spent on Hoichoi?

    We have just begun and within a month, the average time spent on Hoichoi is around 39-40 minutes.

    How large is your team?

    Hoichoi is a collaboration of three separate teams. We have 300 experts working for SVF, some of whom are actively engaged in the development of Hoichoi. We have 35-40 people of ViewLift working with us. And, Hoichoi separately has a team of 30-35 experts. Altogether, 200 people are working for Hoichoi.

    What are your future targets?

    Our ambition is to create 1000 hours of original content every year, i.e., three hours per day. In addition, we are targeting to launch two shows every month.

    Q. When and what are you planning to bring for kids in your library?

    Kids as a separate genre on Hoichoi will likely be seen early next year. It will be a combination of acquired/curated and created content. Satyajit Ray has written various interesting stories catering to kids. We are planning to translate them in animation for our kids.

    ALSO READ :

    Niche regional OTT player Hoichoi offers Bengali content on iOS, Android and Chromecast

    #hoyejak: We used all SVF properties to promote Hoichoi, says Vishnu Mohta

    Hoichoi launches ‘Paranoia’ thriller series

    Hoichoi original adult-comedy Dupur Thakurpo campaign launched

  • TCL reveals new TVs with top tech featuring Dolby vision

    TCL reveals new TVs with top tech featuring Dolby vision

    TCL reveals newLAS VEGAS: TCL®, one of the world’s largest and America’s fastest-growing television brand, today announced an innovative portfolio of new products at the 2017 International Consumer Electronics Show (CES). The latest additions feature Dolby Vision™ high-dynamic range (HDR) technology for powerful imaging, advanced LED phosphors to experience vivid colors closer to reality, and Contrast Control technologies to yield deeper blacks and brighter whites. A total of 25 new TCL Roku TVs are coming to the North American market this year across three series – C, P, and S – touting even better picture, sound, design and content than before. TCL’s C and P series meet the highest standards for content with stunning picture quality via Dolby Vision. Using Dolby’s universal HDR solution, these sets will support both Dolby Vision and generic HDR (HDR10), providing consumers maximum choice when it comes to content.

    “We’re excited to partner with TCL to deliver Dolby Vision to more consumers than ever
    before,” said Dolby Laboratories senior vice president – consumer entertainment group Giles Baker. “With Dolby Vision, you are able to enjoy a premium entertainment experience that is more life-like. Preserving the artistic intent of the content creator, watching Dolby Vision is more like looking through a window than at a screen.”

    TCL continues to build on its partnership with Roku which began in 2014. The 2017 4K HDR TCL Roku TV models combine premium picture quality and industrial design with the latest version available of Roku OS and its extensive line-up of streaming channels – more than 4,500 channels and 450,000+ movies and TV episodes. With Roku OS 7.5, TCL Roku TVs can pause live over-the-air programming as well as stay current with automatic software updates providing new channels and features to offer an exceptional smart TV experience.

    TCL Roku TV C-Series: Contemporary Design

    The high-end C-Series marries stunning 4K high-dynamic range and super slim, elegant design for an upscale TV experience. The set supports Dolby Vision, which delivers the ultimate HDR imaging experience. Dolby Vision delivers images that are brighter than those that can be seen on today’s standard TV sets, deep darks that provide a new level of richness and precision, as well as expanded contrast while still maintaining lifelike color and detail.

    Additionally, HDR Dynamic Contrast allows the contrast to be optimized for each HDR scene, delivering brighter whites and deeper blacks. They also feature wide color gamut with advanced LED phosphor for more realistic colors, brighter highlights and increased light-to-dark contrast. The C-Series smart TVs are equipped with TCL 4K Creative Pro up-scaling so viewers can enjoy their existing HD content with increased detail and realistic clarity, an enhanced Roku TV remote with headphone jack for private listening and voice search, high-speed 802.11ac wireless and Ethernet networking for faster streaming, and three HDMI® 2.0a ports with HDCP 2.2 so users can enjoy optimal functionality.   The C-Series will be available this Spring with sizes ranging from 49 to 75 inches.

    TCL Roku TV P-Series: Powerful Picture PerformanceTCL combines superior 4K UHD picture quality with Dolby Vision, which delivers the ultimate HDR imaging experience, in the P-Series. With HDR Contrast Control Zones, contrast is individually optimized across 72 zones to achieve deeper blacks and brighter whites. A wide color gamut with advanced LED phosphor steps up playback performance with exceptional colors, brighter highlights and increased light-to-dark contrast. Furthermore, P-Series TVs come packed with TCL 4K Creative Pro up-scaling, an advanced remote offering voice search and a headphone jack for private listening, high-speed 802.11ac wireless and Ethernet networking, and three HDMI 2.0a ports with HDCP 2.2.  

    Delivering premium Dolby Vision HDR picture quality at a great value, the 50 inch model will launch at $499.99 as part of a lineup that ranges from 50 to 65 inches.

    TCL Roku TV S-Series: Smart Value

    TCL brings together crisp 4K UHD picture performance, HDR and Creative Pro 4K upscaling for precise clarity and detail in the S-Series TCL Roku TVs. The television sets integrate a variety of innovative technologies and features to provide consumers with an exceptional viewing experience, including endless streaming entertainment, fast dual-band wireless connections and three HDMI ports for flexibility. Plus, the simple and intuitive user interface makes switching from streaming to cable and other devices a breeze.   The S-Series will be available beginning this Spring with sizes ranging from 43 to 65 inches. TVs with top tech featuring Dolby vision

  • TCL reveals new TVs with top tech featuring Dolby vision

    TCL reveals new TVs with top tech featuring Dolby vision

    TCL reveals newLAS VEGAS: TCL®, one of the world’s largest and America’s fastest-growing television brand, today announced an innovative portfolio of new products at the 2017 International Consumer Electronics Show (CES). The latest additions feature Dolby Vision™ high-dynamic range (HDR) technology for powerful imaging, advanced LED phosphors to experience vivid colors closer to reality, and Contrast Control technologies to yield deeper blacks and brighter whites. A total of 25 new TCL Roku TVs are coming to the North American market this year across three series – C, P, and S – touting even better picture, sound, design and content than before. TCL’s C and P series meet the highest standards for content with stunning picture quality via Dolby Vision. Using Dolby’s universal HDR solution, these sets will support both Dolby Vision and generic HDR (HDR10), providing consumers maximum choice when it comes to content.

    “We’re excited to partner with TCL to deliver Dolby Vision to more consumers than ever
    before,” said Dolby Laboratories senior vice president – consumer entertainment group Giles Baker. “With Dolby Vision, you are able to enjoy a premium entertainment experience that is more life-like. Preserving the artistic intent of the content creator, watching Dolby Vision is more like looking through a window than at a screen.”

    TCL continues to build on its partnership with Roku which began in 2014. The 2017 4K HDR TCL Roku TV models combine premium picture quality and industrial design with the latest version available of Roku OS and its extensive line-up of streaming channels – more than 4,500 channels and 450,000+ movies and TV episodes. With Roku OS 7.5, TCL Roku TVs can pause live over-the-air programming as well as stay current with automatic software updates providing new channels and features to offer an exceptional smart TV experience.

    TCL Roku TV C-Series: Contemporary Design

    The high-end C-Series marries stunning 4K high-dynamic range and super slim, elegant design for an upscale TV experience. The set supports Dolby Vision, which delivers the ultimate HDR imaging experience. Dolby Vision delivers images that are brighter than those that can be seen on today’s standard TV sets, deep darks that provide a new level of richness and precision, as well as expanded contrast while still maintaining lifelike color and detail.

    Additionally, HDR Dynamic Contrast allows the contrast to be optimized for each HDR scene, delivering brighter whites and deeper blacks. They also feature wide color gamut with advanced LED phosphor for more realistic colors, brighter highlights and increased light-to-dark contrast. The C-Series smart TVs are equipped with TCL 4K Creative Pro up-scaling so viewers can enjoy their existing HD content with increased detail and realistic clarity, an enhanced Roku TV remote with headphone jack for private listening and voice search, high-speed 802.11ac wireless and Ethernet networking for faster streaming, and three HDMI® 2.0a ports with HDCP 2.2 so users can enjoy optimal functionality.   The C-Series will be available this Spring with sizes ranging from 49 to 75 inches.

    TCL Roku TV P-Series: Powerful Picture PerformanceTCL combines superior 4K UHD picture quality with Dolby Vision, which delivers the ultimate HDR imaging experience, in the P-Series. With HDR Contrast Control Zones, contrast is individually optimized across 72 zones to achieve deeper blacks and brighter whites. A wide color gamut with advanced LED phosphor steps up playback performance with exceptional colors, brighter highlights and increased light-to-dark contrast. Furthermore, P-Series TVs come packed with TCL 4K Creative Pro up-scaling, an advanced remote offering voice search and a headphone jack for private listening, high-speed 802.11ac wireless and Ethernet networking, and three HDMI 2.0a ports with HDCP 2.2.  

    Delivering premium Dolby Vision HDR picture quality at a great value, the 50 inch model will launch at $499.99 as part of a lineup that ranges from 50 to 65 inches.

    TCL Roku TV S-Series: Smart Value

    TCL brings together crisp 4K UHD picture performance, HDR and Creative Pro 4K upscaling for precise clarity and detail in the S-Series TCL Roku TVs. The television sets integrate a variety of innovative technologies and features to provide consumers with an exceptional viewing experience, including endless streaming entertainment, fast dual-band wireless connections and three HDMI ports for flexibility. Plus, the simple and intuitive user interface makes switching from streaming to cable and other devices a breeze.   The S-Series will be available beginning this Spring with sizes ranging from 43 to 65 inches. TVs with top tech featuring Dolby vision

  • YuppTV is back on Roku Players and Roku TVs

    YuppTV is back on Roku Players and Roku TVs

    MUMBAI: YuppTV has made its comeback on the Roku platform in the USA and Canada, introducing its extensively updated video content, packaged in a superior and advanced user interface.

    Roku users in USA and Canada will now be able to access YuppTV’s 200+ Live TV channels, Catch-up TV and YuppFlix, the largest Bollywood and South Asian regional language movie catalogue, with more than 5,000 titles. Further enhancing the content offering, the app will also offer online movie premiers mostly within three weeks of the release in YuppTV’s Pay per View movies.

    In 2010, YuppTV has been the first Live TV channel on the Roku platform, which includes the Roku Streaming Stick, Roku Streaming players and Roku TV, providing Indian expat community, easy access to high quality South Asian entertainment content. Post 2012, the channel continued to provide the content to other markets, except USA & Canada.

    Speaking at the launch,YuppTV founder and CEO Uday Reddy said, “We are thrilled to launch our updated YuppTV app on the Roku platform in USA & Canada. Incepted with the vision of providing the most authentic and entertaining Indian national and regional content to the Indian expat and diaspora community across the globe, we are affirmative that the users will enjoy and appreciate our content offering.”

    “It is inspiring the way YuppTV has evolved its service offering over the years and we’re excited to be able to once again offer Roku consumers in the U.S. and Canada an amazing selection of premium South Asian content,” said Roku director of content acquisition, Ziba Kaboli-Gerbrands.

    In succession to the launch, YuppTV has also added new languages in its offering, now allowing more Roku users to enjoy video content in Sinhala, Urdu, Nepali and Bangla. YuppTV will also offer nine popular channels from Argentina like TYC Sports, El Trece, America Sports available for Argentine expats living in USA & Canada. With the newly updated user interface, the channel offers an aesthetically enriching experience. Furthermore, the next update of the channel will also feature YuppTV Bazaar, the online marketplace for video content, and Yupp News, which curates the top news from around the world in short video snippets.

  • YuppTV is back on Roku Players and Roku TVs

    YuppTV is back on Roku Players and Roku TVs

    MUMBAI: YuppTV has made its comeback on the Roku platform in the USA and Canada, introducing its extensively updated video content, packaged in a superior and advanced user interface.

    Roku users in USA and Canada will now be able to access YuppTV’s 200+ Live TV channels, Catch-up TV and YuppFlix, the largest Bollywood and South Asian regional language movie catalogue, with more than 5,000 titles. Further enhancing the content offering, the app will also offer online movie premiers mostly within three weeks of the release in YuppTV’s Pay per View movies.

    In 2010, YuppTV has been the first Live TV channel on the Roku platform, which includes the Roku Streaming Stick, Roku Streaming players and Roku TV, providing Indian expat community, easy access to high quality South Asian entertainment content. Post 2012, the channel continued to provide the content to other markets, except USA & Canada.

    Speaking at the launch,YuppTV founder and CEO Uday Reddy said, “We are thrilled to launch our updated YuppTV app on the Roku platform in USA & Canada. Incepted with the vision of providing the most authentic and entertaining Indian national and regional content to the Indian expat and diaspora community across the globe, we are affirmative that the users will enjoy and appreciate our content offering.”

    “It is inspiring the way YuppTV has evolved its service offering over the years and we’re excited to be able to once again offer Roku consumers in the U.S. and Canada an amazing selection of premium South Asian content,” said Roku director of content acquisition, Ziba Kaboli-Gerbrands.

    In succession to the launch, YuppTV has also added new languages in its offering, now allowing more Roku users to enjoy video content in Sinhala, Urdu, Nepali and Bangla. YuppTV will also offer nine popular channels from Argentina like TYC Sports, El Trece, America Sports available for Argentine expats living in USA & Canada. With the newly updated user interface, the channel offers an aesthetically enriching experience. Furthermore, the next update of the channel will also feature YuppTV Bazaar, the online marketplace for video content, and Yupp News, which curates the top news from around the world in short video snippets.