You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • Zimmer's quarterly earnings up 16%
    Zimmer Holdings Inc. today reported second-quarter earnings of $176.5 million, or $1.03 per diluted common share, on net sales of $1.18 billion. That's a 16 percent increase from the $152.1 million, or 89 cents a share, on sales of $1.17 billion
  • GM quarterly profit falls 85% on recall costs
    DETROIT – Recall expenses chopped $1.5 billion from General Motors’ bottom line in the second quarter, as it added up the costs of repairs for nearly 30 million cars and set aside funds to compensate victims of small-car crashes.
  • China detains employees of suspect meat seller
    Five employees of a company accused of selling expired beef and chicken to McDonald’s, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized effort by the
Advertisement
Associated Press
Internet streaming platform company Roku Inc. is launching a line of TVs that play back video from services like Netflix without requiring an extra set-top box.

Roku to stream video minus box

TV-makers to install company’s app-running platform in new sets

– Roku Inc. is launching a line of TVs that play video from services like Netflix without requiring a set-top box. While similar to smart TVs on the market already, the company’s Internet streaming platform offers some 1,200 apps and more comprehensive niche content choices.

The Saratoga, Calif., streaming set-top box pioneer is partnering with two of the biggest Chinese TV makers in the world – TCL Corp. and Hisense International Co. Ltd. – on six models.

It plans to showcase them on the sidelines of the annual International CES gadget show in Las Vegas, starting Monday.

The Roku TV will also provide users a way to access feeds from regular live TV providers and to connect to other devices such as Blu-ray disc players.

Roku launched its first streaming video player in May 2008, when the box only played content from Netflix. Since then, the company has sold nearly 8 million units and claims that its device is more widely used than Apple’s Apple TV set-top box. Apps available on Roku’s devices include everything from Amazon Instant Video to Karaoke Party on Demand.

Anthony Wood, the founder and CEO of Roku, said the TVs will be priced affordably. He expects the sets to be sold in the U.S. at large retailers such as Walmart, Target and Best Buy starting later this year.

Wood says he would like the Roku platform to replace those offered by a variety of TV manufacturers. Many TV makers’ platforms lack key apps from content providers like ESPN, Fox and the NBA.

Roku shares in the revenue when its partners sell advertisements, rent movies or sign up new subscribers. Within a few years, such revenue will be larger than the sales of the boxes themselves, Wood says.

“We do believe that streaming players are going to be a big business for a long time,” he says.

“But this is definitely the future of Roku.”

Advertisement