Roku CEO Anthony Wood Confirms Acquisition of Audio Firm Dynastrom
Reports surfaced Friday that newly public Roku had acquired the Netherlands-based audio company Dynastrom back in September for $3.5 million.
CEO Anthony Wood confirmed the deal in an interview with Cheddar on Friday.
While the executive did not disclose whether any special projects will emerge from the deal, he said that audio is at the core of Roku’s business.
“We are always looking for ways to build out our team, especially with consumer expertise,” Wood said. He adds that Roku’s business model is very simple and shared three strategies for success.
“We want to acquire active accounts, we want to build scale of our platform, and we aspire to power every TV in the world,” he told Cheddar. “The way we make money is that we monetize those active accounts.”
It's been a big week for Roku. The streaming services company smashed its first earnings report since going public. Revenues rose 40 percent to nearly $125 million in its latest quarter, compared to estimates of $110 million. It also posted a much smaller loss than analysts expected at just ten cents a share. It was estimated to lose $1.37.
“Our business is great," Wood said. "The whole world is looking to streaming.”
Scott Gutz, CEO of Monster.com breaks down the company’s Work Watch Report for 2024, including what’s motivating workers to look for new positions and why they should see A.I. as an opportunity.
Tom Graff, Chief Investment Officer, Facet, discusses what the latest jobs report says about this ‘pretty good’ labor market and why the market should worry less about the Fed’s next decision.
Universal Music Group, which represents artists including Taylor Swift, Drake, and Ariana Grande, has removed its music from TikTok and accused the app of bullying and intimidation.
The average rate on a 30-year mortgage fell 0.06% last week. Although the rate is much higher than it was two years ago, the decline could relieve buyers already dealing with low inventory and high prices.
As millions of Americans are set to retire, John Carter, President & COO of Nationwide Financial, shares what to expect and how consumers of all ages can better prepare for their golden years.
The heated hearing began with recorded testimony from kids and parents talking about being exploited on social media. Throughout the hours-long event, parents who lost children to suicide silently held up pictures of their dead kids.
