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UPDATED with exec comments. Asked about an emerging rival in streaming, a newly formed joint venture between Comcast and Charter built on the existing Flex system, Roku founder and CEO Anthony Wood said engineering talent and costs would continue to protect the company’s dominant market share. “We’ve been competing…

Roku founder and CEO Anthony Wood said the boom in streaming, even though it has prompted waves of consolidation, has been “awesome for Roku and for consumers.” Wood made the remarks at Tribeca X, a half-day conference spanning tech, advertising and media held at the Tribeca Festival. Like the rest of the fest, it was…

The Tribeca Festival announced Roku CEO Anthony Wood along with Walmart CEO Doug McMillon and Procter & Gamble chief brand officer Marc Pritchard will lead Tribeca X, a day-long festival event for marketers and filmmakers on June 18. The Tribeca X Award, which celebrates the best brand and filmmaker collaborations…

Roku CEO Anthony Wood said the company is “essential” to the rollout of any major streaming service and said it was “an important part” of Disney racking up 26.5 million subscribers just six weeks after it launched. The top exec, who founded the streaming specialist, said the Disney+ launch is “an important sign that…

Roku, which has evolved beyond streaming boxes and dongles to become a force in streaming advertising, has acquired ad-tech firm Dataxu for $150 million in cash and stock. The deal is expected to close during the fourth quarter. Roku executives will detail their plans for integrating Dataxu’s demand-side buying and…

Roku’s stock price jumped 28% Thursday to close at a record of $83.17, a day after the company reported stellar results for the first quarter. The streaming specialist, which went public in the fall of 2017, posted stronger-than-expected revenue on Wednesday as well as sharp increases in streaming time and active…

Investors sent Roku shares up 9% during the trading day on bullish expectations for first-quarter earnings, and the streaming company did not disappoint after the closing bell, beating Wall Street analysts’ estimates with a landmark quarter. The company reported a net loss for the quarter of 7 cents a share, which was…

Capping a breakout year, Roku announced Scott Rosenberg will be promoted from advertising chief to GM of its platform business in January in an executive restructuring. Steve Shannon, a 5-year veteran who headed the content and services unit, will be exiting the company. Under Roku’s new executive structure, staff and…