News Corp, BSkyB invest £29m in internet streaming service, Roku


and have invested $45m (£29m) into internet TV start-up company, .

Another unnamed company along with prior investors Menlo Venture and Globespan Capital Partners were also involved in the investment.

The company was founded in 2002 by Anthony Wood and claims to stream more than 500 entertainment channels to millions of customers in the US, Canada, UK and Ireland.

Each company has not revealed how much they invested into the fund, however, according to ’s financial results which were released today (July 26th), it appears they invested $10m (£6.5m) into the company.

As part of the investment, a deal was struck which will see ’s newly launched internet TV service, Now TV, available through ’s UK devices. Also, will have the opportunity to rebrand and distribute versions of ’s streaming services in the future.

No details regarding ’s investment have been revealed, however, its chief digital officer, Jon Miller will join the board.

Miller said: “’s significant technology advantage, coupled with a strong market position, places them in a unique position to be an integral part of the television landscape for years to come.”

’s devices were launched in the UK in January, with more than 40 channels and films along with TV shows from – who were a previous investor – and Sony’s Crackle.

Founder, Anthony Wood said: “With the and strategic relationships, we are poised to further grow our leadership position and to become the TV distribution platform of the future.”

Take a look at a Sky Movies TV spot, which features on , below:


Nick is an Editor at imediamonkey®, originally joining the team in 2012. He's a lover of all things Reality TV and Music, so you'll probably find him obsessing over Celebrity Big Brother and Beyoncé.

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